Boweryres
7 known investors
Bowery Valuation is a New York-based technology-enabled commercial real estate appraisal firm.
Also known as Bowery · Bowery Valuation · Bowery-RES
Investors · 7
Also in the syndicate · 6
Company profile
researched Aug 2026Bowery Valuation (operating at boweryres.com, originally launched as "Bowery") is a New York-based commercial real estate appraisal firm that combines licensed appraisal services with proprietary software. The company describes itself as the first venture-backed, tech-enabled commercial appraisal firm, replacing spreadsheet-based appraisal workflows with a cloud-based report-writing platform and a companion mobile application used for field inspections and data capture.
The platform is built around a backend property and comparables database and a natural language generation engine that drafts narrative sections of appraisal reports, with the stated aim of producing more consistent reports firm-wide at lower cost. The company states its appraisers can produce full appraisal reports more than twice as fast as leading competitors, and that its data collection and integration allow it to broaden what an appraisal delivers to clients. Bowery officially launched its appraisal business on May 1, 2017, after roughly two years of prior software development.
The company positions itself in the commercial real estate appraisal market, characterized in company materials as a roughly $4 billion market with an aging practitioner base (62 percent of appraisers over the age of 50).
Founding story
Co-CEOs John Meadows and Noah Isaacs, childhood friends who grew up in Berkeley, California, both previously worked at Leitner Group, a New York appraisal firm, where they encountered the inefficiencies of the commercial appraisal process firsthand. They founded the company with a third co-founder, CTO Cesar Devers, and spent about two years building appraisal software before launching the appraisal business in May 2017.
Business model
The company operates as an appraisal firm that employs its own appraisers and delivers commercial appraisal reports to clients, using internally built software to increase throughput and consistency rather than selling the software as a standalone product.
Traction
Company materials state its appraisers write full appraisal reports more than twice as fast as leading competitors. The company grew from a launch-stage team in 2017 — including seven software engineers and a former CBRE vice president hired as COO and Chief Appraiser — to a reported headcount range of 51-200.
Latest developments
The most recent funding announcement in the sources is the $35 million Series B announced in June 2021, led by the Growth Equity business within Goldman Sachs Asset Management, to support national expansion. The company's GitHub organization shows repository activity into February 2025.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Describes itself as the world's first tech-driven and first venture-backed commercial appraisal firm, and has been characterized in press coverage as a leading technology-enabled commercial real estate appraisal firm operating in an approximately $4 billion market.
A software-first approach in an industry still reliant on spreadsheets and paper-heavy processes, with automated report generation intended to produce faster, more consistent and lower-cost appraisals than traditional firms.
Technology
Bowery's stack includes a cloud-based commercial appraisal writing platform, a mobile application for appraisers, a backend property and comparables database, and a natural language generator that assembles report text. The company also maintains internal engineering tooling, including a Chrome extension, GitHub Actions workflows for review requirements and end-to-end testing, and a Word plugin installer for document refresh.
Go-to-market
Commercial real estate appraisers, lenders, and property owners.
Geography
Headquartered in New York, NY, with a Series B announced in 2021 intended to fund national expansion across the United States.
History
The team developed commercial appraisal software for roughly two years before officially launching its appraisal business on May 1, 2017, alongside a $1.75 million seed round. In 2018 the company raised additional capital, including an $8 million round led by real estate firm Lightstone Group. In January 2019 it closed a $12 million Series A led by Builders VC, and in June 2021 it announced a $35 million Series B led by the Growth Equity business within Goldman Sachs Asset Management to fund national expansion.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 3
launches, deals, and filingsSeries B led by the Growth Equity business within Goldman Sachs Asset Management, announced to fuel rapid national expansion.
$35M source ↗
The company hired a former CBRE vice president as Chief Operating Officer and Chief Appraiser around the time of its seed round.
After roughly two years developing commercial appraisal software, the company launched its appraisal business on May 1, 2017.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Bowery Valuation · GitHubgithub.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Boweryres do?
- Bowery Valuation is a New York-based technology-enabled commercial real estate appraisal firm.
- Who are Boweryres's investors?
- Boweryres's investors include Expansion Venture Capital.