Occupier, a NYC-based company that enables businesses to navigate the complexities of managing a portfolio of real estate leases, and ensure compliance with new accounting standards, raised $5M in funding.

The round was led by Alate Partners and MetaProp, with participation from Second Century Ventures, Thomson Reuters Ventures, and commercial real estate industry leaders across the U.S. In conjunction with the funding, Courtney Cooper, Principal of Alate Partners, is joining the company’s board of directors. MetaProp Partner Maureen Waters. Maureen will join Occupier as a Board Observer.

The company will use the capital to scale its team, with immediate hires focused on product engineering, sales, and marketing, accelerating their product roadmap.

Founded in 2018 by VTS and JLL alums Andrew Flint, Matt Giffune, and Erik Pearson, Occupier aims to bring innovation to the lease management, lease accounting, and transaction management space for occupiers of commercial real estate and their tenant representation brokers.

The platform connects all business stakeholders, internal and external, to a single source of real estate portfolio data, and allows them to collaborate on workflows for site selection, deal negotiation, lease management, and compliance with new FASB ASC 842 and IFRS 16 lease accounting standards. The company also provides client and deal management software to tenant representation brokers, allowing them to better serve their clients and drive transaction volume in a centralized system. Customers include DraftKings, Hopper, Shake Shack, Bluestone Lane Coffee, Bonobos, JLL, CBRE and T3Advisors.