Backing the “next tiny giants”: EG launches $100 million proptech incubator
Business News Australia
Sydney-based investment manager EG is backing the future of Australian property technology, today announcing a $100 million incubator called EGX.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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Single-family rental platform Appreciate to go public in SPAC deal
TheRealDeal
Defying investors’ waning interest in risky proptech stocks, the sponsor pair behind Porch’s 2020 rocky SPAC merger are taking another firm public — this time are targeting the hot single-family rental sector.
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Risk-mapping startup UrbanFootprint nets $25M
Axios
UrbanFootprint, an analytics startup that uses data to better map risk, raised $25 million in Series B funding, the company tells Axios. Why it matters: The round closed April 15, CEO Joe DiStefano tells Axios, meaning current funding rounds are still a lagging indicator of current private market activity.
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Powering NYC Skyscrapers With Renewable Energy Is Nearly Impossible. But Some Are Starting To Try
Bisnow
Buildings are responsible for approximately 21% of all global carbon emissions, according to the United Nations Intergovernmental Panel on Climate Change, and other facets of the built environment generate even more.
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Proptech Data Firms Race To Scale Up Amid Tech Turmoil, Looming SEC Rule
Bisnow
A confluence of factors has supercharged interest in the technology of monitoring, tracking and reducing building emissions, especially the expansion of ESG investment.
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1 big thing: Skyrocketing wildfire risks in US
Axios
New research shows climate change will cause a steep increase in the exposure of U.S. properties to wildfire risks during the next 30 years, doubling the risk level in many areas, Andrew writes.
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Handicapping the Metaverse Race
GlobeSt
Whether it’s multifamily companies tailoring apartment pitches to younger clientele or whether a new medium might offer benefits to commercial real estate professionals, the metaverse has become a serious business topic.
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Surge In Wireless Data Could Shift Key Connectivity Points, Redrawing The U.S. Data Center Map
Bisnow
The interconnection of telecommunication cables has long been a foundational consideration when it comes to where data centers are built, but the emergence of 5G and a surge in the volume of wireless data are driving a shift in where those interconnection points need to be, changes that may redraw the data center map. …
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At Tech Companies, the Rebellion Against the Return to the Office Is Getting Serious
The Wall Street Journal
Some of the economy’s most in-demand employees are about to find out how much power they have over where and how they work.
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Tiger Global, hit by $17B in hedge fund losses, has nearly depleted its latest VC fund
TechCrunch
According to a new report from Financial Times, the low-flying-yet-seemingly-ubiquitous 21-year-old outfit has seen losses of about $17 billion during this year’s tech stock sell-off. FT notes that’s one of the biggest dollar declines for a hedge fund in history.
