# Valcre

> Valcre is a San Diego commercial real estate appraisal platform built by former appraisers who were fed up with copying data between spreadsheets and Word templates. It pulls property data, comparables, mapping, job and client management, and report generation into one workflow, and now layers AI on top of it. More than 300 firms - including Avison Young, Kidder Mathews and Kroll - run appraisals on it, and the company bootstrapped to profitability before raising a $12.7M Series A in 2022.

- **Founded:** 2016
- **Headquarters:** San Diego (La Jolla), California, United States
- **Founders:** Lucas Rotter (CEO & Co-Founder), Kris Owens (CTO & Co-Founder), Grant Norling (Co-Founder (MAI)), Joe Creech (Co-Founder (MAI))
- **Team size:** 51-65 employees (grew from three co-founders to a ~60-person team)
- **Products:** Valcre Platform, Valcre Mobile App, Valcre AI, Valcre Assist, Market Insights
- **Notable:** Named Property Valuation Tool of the Year at the 2025 PropTech Breakthrough Awards, Facilitated 400,000+ commercial real estate appraisals and 3.5M+ comparables collected, Bootstrapped to profitability over six years before raising a $12.7M Series A in 2022

## Products & services

- **Valcre Platform** — The core cloud appraisal software: job and client management, comparable data storage, integrated property data, mapping/property research, valuation models, and custom report generation in Word/Excel.
- **Valcre Mobile App** — iOS/Android companion for field inspections - photo uploads, data capture and reduced re-entry that syncs to the desktop platform.
- **Valcre AI** — AI features embedded in the platform for comparable selection, narrative drafting and document data extraction - positioned to assist, not replace, the appraiser.
- **Valcre Assist** — AI-powered assistant that works inside the platform to speed up routine drafting and lookup tasks.
- **Market Insights** — Market data and analytics layer surfacing trends and context for valuations.
- **Workflow Dashboard** — Pipeline view of active jobs by due date, billing tracking, calendar and mapped assignments across a team.

## Achievements

- Named Property Valuation Tool of the Year at the 2025 PropTech Breakthrough Awards
- Facilitated 400,000+ commercial real estate appraisals and 3.5M+ comparables collected
- Bootstrapped to profitability over six years before raising a $12.7M Series A in 2022
- Nearly 300% increase in recurring revenue since the pandemic peak (as of the 2022 raise)
- Grew to 300+ client firms across the US, Canada and Australia
- CEO Lucas Rotter recognized by Connect CRE (Next Generation, 2022) and GlobeSt. CRE Best Bosses (2025)

## Latest updates

- **2025-08** — Won Property Valuation Tool of the Year at the 2025 PropTech Breakthrough Awards.
- **2025-05** — Shipped a rebuilt, faster Valcre Online with an upgraded onboarding framework and began rolling out a full AI product suite (comp selection, narrative drafting, document extraction).
- **2025-01** — CEO Lucas Rotter named one of GlobeSt.'s CRE Best Bosses.
- **2022-11** — Raised $12.7M Series A led by Avenue Growth Partners with Second Century Ventures.

## Links

- Website: https://valcre.com
- LinkedIn: http://www.linkedin.com/company/valcre
- Twitter/X: https://twitter.com/valcre
- YouTube: https://www.youtube.com/@valcre
- Instagram: https://www.instagram.com/valcre/
- Facebook: https://www.facebook.com/valcresoftware

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Profile page: https://yespress.io/valcre
Published by YesPress — https://yespress.io
Last updated: 2026-08-20