Real Capital Analytics Acquisition, Valuation, Funding & Investors

Real Capital Analytics was acquired by MSCI for $949M in August 2021, a 13.0x multiple on $73M of revenue.

Real Capital Analytics acquisition price

$949M

Acquired by MSCI · Aug 2021

Real Capital Analytics revenue at acquisition

$73M

Last twelve months · Aug 2021

Real Capital Analytics revenue multiple at acquisition

13.0x

EV/Revenue · Aug 2021

Real Capital Analytics EBITDA multiple at acquisition

47.9x

EV/EBITDA · Aug 2021

Real Capital Analytics Overview

About Real Capital Analytics

Real Capital Analytics is a New York City-headquartered data provider tracking global commercial real estate investment flows. Founded in 2000 with additional offices in San Jose and London, the employee-owned firm analyzes transactions exceeding $1 trillion annually across office, retail, multifamily, and industrial sectors. Its RCA database powers market intelligence for brokers, investors, and institutions in 100-plus countries.


Founded

2000

HQ

United StatesNew York City, NY

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Revenue

$73M (Aug 2021)

Valuation

$949M (acquired Aug 2021)

Real Capital Analytics Acquisition

Real Capital Analytics was acquired by MSCI for $949M on 2 August 2021.

The acquisition price implies a 13.0x revenue and 47.9x EBITDA multiple on $73M of revenue.

Before the acquisition Real Capital Analytics had raised $115M across 1 funding round.

Real Capital Analytics acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
2 Aug 2021Strategic M&A$949M13.0x47.9x

Real Capital Analytics Funding History

Real Capital Analytics has raised a total of $115M across 1 funding round.

Real Capital Analytics funding rounds

Real Capital Analytics funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2019Series BSusquehanna Growth Equity (lead)$115MReal Capital Analytics (RCA), founded in 2000 and headquartered in New York City with offices in San Jose, London, and Singapore, provides a leading online commercial real estate database covering transactions in 172 countries, more than $18 trillion in deals, and 200,000 investor and lender profiles. The company serves investors, lenders, brokers, and advisors with timely data on market pricing, capital flows, and investment trends. In June 2019, RCA raised $115 million from Susquehanna Growth Equity (SGE), comprising Series B equity and debt financing. This was described as the largest growth financing for a commercial real estate tech and information business, with proceeds partly used to redeem Series A shares issued in 2007 to a unit of Daily Mail and General Trust plc. RCA founder and CEO Bob White and employees retained a controlling stake post-investment. SGE, funded by Susquehanna International Group, targets growth-stage companies in software, information services, internet, and fintech sectors. The investment positioned RCA for expansion, with SGE providing support, expertise, and financial flexibility. RCA later acquired Datscha and was itself acquired by MSCI in August 2021, marking SGE's exit.

Who has invested in Real Capital Analytics?

1 investor has backed Real Capital Analytics across its funding rounds, including Susquehanna Growth Equity.

Lead investors include Susquehanna Growth Equity.


Real Capital Analytics Investors

Investors in Real Capital Analytics by funding rounds participated
InvestorHQRoundsRoleFirst check

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Investments by Real Capital Analytics

Real Capital Analytics has invested in 1 company to date.

Latest investment by Real Capital Analytics was on June 3rd 2015. Real Capital Analytics invested in Propstack in their $3M Series A round.


Latest Investments by Real Capital Analytics

Propstack
Description
Propstack is a Mumbai-based provider of commercial real estate data in India, maintaining the largest database through ongoing research by real estate and analytics experts. Backed by a major Indian corporation, its online services analyze property values, market conditions, and availabilities for clients seeking professional insights.
HQ CountryIndia
HQ City
Mumbai
Deal Date3 Jun 2015
RoundSeries A
Raised$3M
Investorsdmg :: information
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Real Capital Analytics Competitors

Real Capital Analytics competitors include listed companies like Wework India Management and Alliances Developpement, and private ones like Aijia Home Furnishing Products, Blueground, Habi and Livspace.

Public and private companies comparable to Real Capital Analytics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Wework India ManagementIndiaIndiaPublicly listed$254M$165M$989M5.4x
Alliances DeveloppementMoroccoMoroccoPublicly listed$257M$61M$908M4.0x
Aijia Home Furnishing ProductsChinaNanjingPrivate--$1B-
BluegroundUnited StatesNew York City, NYPrivate$140M-$1B-
HabiColombiaColombiaPrivate--$1B-
LivspaceIndiaBangalorePrivate$24M-$1B41.7x

Real Capital Analytics Public Comps

Real Capital Analytics is no longer listed, but its public comps include Wework India Management, Alliances Developpement, GAG Immobilien, Morguard, Summit Real Estate Group, Plazza, Suzhou New District, Mainstreet Equity, RLH Properties and Dine.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Wework India Management$254M$165M6.0x5.4x9.3x8.3x
Alliances Developpement$257M$61M4.1x4.0x17.2x15.9x
GAG Immobilien$536M$200M7.0x-18.8x-
Morguard$792M$340M6.6x6.8x15.5x14.4x
Summit Real Estate Group$291M$245M8.5x-10.2x-
Plazza$49M-31.1x30.3x--
Suzhou New District$816M$180M10.3x10.5x46.6x1330.1x
Mainstreet Equity$198M-11.6x11.0x-16.4x

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Common questions about Real Capital Analytics

When was Real Capital Analytics founded?Real Capital Analytics was founded in 2000.
Where is Real Capital Analytics headquartered?Real Capital Analytics is headquartered in New York City, NY, United States.
Is Real Capital Analytics publicly listed?No, Real Capital Analytics was acquired by MSCI in August 2021.
Who acquired Real Capital Analytics?Real Capital Analytics was acquired by MSCI in August 2021.
How much was Real Capital Analytics acquired for?Real Capital Analytics was acquired for $949M in August 2021, a 13.0x revenue multiple.
How much funding has Real Capital Analytics raised?Real Capital Analytics has raised $115M across 1 funding round.
What was Real Capital Analytics' last funding round?Real Capital Analytics' last funding round was a $115M Series B in June 2019, led by Susquehanna Growth Equity.
Who are Real Capital Analytics' investors?Real Capital Analytics' investors include Susquehanna Growth Equity.
Which companies are comparable to Real Capital Analytics?Companies comparable to Real Capital Analytics include Wework India Management, Alliances Developpement, Aijia Home Furnishing Products, Blueground, Habi and Livspace.
How many companies has Real Capital Analytics invested in?Real Capital Analytics has invested in 1 company, including Propstack.
What was Real Capital Analytics' last investment?In June 2015, Real Capital Analytics invested in Propstack's $3M Series A alongside dmg :: information.

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