Henry AI, the AI platform automating back-office knowledge work for commercial real estate teams, has announced a $16.5 million Series A led by FirstMark Capital, with strategic participation from Thomson Reuters Ventures and follow-on investment from Y Combinator, Susa Ventures, 1Sharpe Capital, StoryHouse Ventures, Pioneer Fund, RXR ARDEN Digital Ventures (RADV), Karman Ventures, and Coalition Operators. Adam Nelson, Partner at FirstMark Capital, has also joined Henry’s board of directors.

Commercial real estate firms sit on decades of proprietary transaction data, including underwriting models, client relationships, deal history, scattered across old files and individual analysts’ heads. That is why Henry has launched Henry Deal, which turns a firm’s entire institutional memory into deliverables across the full lifecycle of a transaction, from underwriting to packaging to close.

Sammy Greenwall, co-founder and CEO of Henry, said, “The real problem is that these firms are sitting on the most valuable data in the industry and can’t actually leverage it. We started by automating the deck. With Henry Deal, we’re shipping the system of record that turns that institutional knowledge into every deliverable a deal needs. Winning the deal today, the entire back office tomorrow.”

Adam Nelson, Partner at FirstMark Capital, said, “Henry combines deep commercial real estate expertise with a technical team that is translating that insight into product at remarkable speed. The company began with one of the industry’s most painful back-office bottlenecks. We believe Henry is on a path to becoming the intelligence layer for commercial real estate.”

Adam Pratt, co-founder and CTO of Henry, said, “The bottleneck in CRE has never been the data, it’s the cost of turning data into finished deliverables. Every step in the deal chain has been done manually by expensive people under deadline pressure. We built Henry to automate that entire layer. Now we scale it.”

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