Create Goes Public
After three years of tweaking, testing and late-night pizza, DC startup Create released its web-based visualization platform for public consumption Thursday. It creates scenarios for real estate development projects and models financial and economic feasibility. (See our previous story.) Founder Stefan Martinovic says Create has wooed clients like several DC government agencies, DC-based real estate firms, and former DC mayor Adrian Fenty as an adviser. The platform replaces government and private property data that creates a lot of legwork for the real estate industry.
Stefan says he’s had acquisition offers from other companies and investors, but Create is moving forward on its own and finishing up raising a $1.3M seed round. Stefan says he’ll raise a $5M round in another few months. Create, which works out of a small DC sublet, has a staff of 10 and Stefan predicts it’ll double or triple this year. The platform will have a 30-day free trial and then goes to $20/month or an annual subscription for $1k.
