CommissionTrac, LLC
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CommissionTrac, LLC - overview
Established
2016
Location
Atlanta, GA, US
Primary Industry
Software
About
CommissionTrac, LLC provides comprehensive commission tracking and management solutions designed to streamline and optimize financial operations for businesses in the real estate industry. Founded in 2016 and headquartered in Atlanta, US, CommissionTrac, LLC specializes in commission tracking software. The company has completed a total of 3 deals, with the latest funding round being a Seed round in December 2020, raising USD 1. 50 mn from investors including Cox Enterprises Inc.
In December 2020, Yardi Systems, Inc. acquired CommissionTrac, Inc. from Cox Enterprises Inc. Founder Daniel Levison has previously founded other companies, leveraging his expertise in financial technology to guide CommissionTrac's growth.
CommissionTrac, LLC offers a robust platform specifically designed for managing real estate commissions. Their services include automated commission calculations, reporting tools, and integrations with various real estate systems, helping users to efficiently manage their financial transactions. The company's solutions cater to real estate professionals, ensuring accurate commission management and financial reporting. CommissionTrac generates revenue through a subscription-based model, allowing clients to choose from various pricing plans based on their operational needs.
The company’s offerings include tiered access to its commission management tools, providing flexibility for both small and large real estate businesses. Revenue is derived from monthly or annual subscriptions, emphasizing ongoing relationships with clients and stable revenue growth. Moving forward, CommissionTrac plans to enhance its product offerings by developing new features aimed at improving user experience and operational efficiency. The company is also seeking to expand its footprint in new geographic markets, including opportunities in North America and Europe by the end of 2022.
Recent funding from the Seed round will be directed towards product development and marketing initiatives to support these growth strategies.
Primary Industry
Software
Sub Industries
Brokerages, Application Integration Software, Analytics & Performance Software
Website
www.commissiontrac.com
Company Stage
Acquired
Total Amount Raised
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