Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Crunchbase
Global venture funding totaled $47 billion in April 2022—the lowest amount invested in private companies in the past 12 months—based on an analysis of Crunchbase data. While the dip isn’t massive, it does signal that the slowdown we saw in the first quarter of this year is the start of a longer-term shift in funding, particularly at late stage.
PlaceTech
Is real estate a force for good for the environment? Striking an optimistic note in her keynote address earlier this week, Julie Hirigoyen, CEO of the UK Green Building Council, showcased several exceptional buildings that suggest it can be.
The Real Deal
Proptech is hot, drawing a record $4 billion in investments during the first quarter of this year.
RET Ventures
RET Ventures was created in 2017 in close collaboration with some of the most prominent REITs and private owner-operators of multifamily and single family properties in the United States. Along with our strategic partnerships, we had a unique mandate: identifying and nurturing companies that did not just have growth potential, but would tangibly address the very real technology and operational challenges that managers of rental real estate face.
Axios
A lasting market downturn is unlikely to knock the tech industry from its perch at the top of American business, but it would reshape the tech world’s dynamics in profound ways.
Startland News
Overland Park-based Realto has closed a $4.5 million funding round — thanks in large part to the backing of Kansas City-based investors.
PlaceTech
Jack Chandler, former chairman and head of global real estate at BlackRock, has joined the real estate maintenance startup’s advisory board amid an international expansion fuelled by last year’s $100m fundraise.
Independent
The world’s first virtual hotel has opened within the Metaverse. M Social Decentraland – part of the Singapore-based Millennium Hotels brand – opened in Decentraland, a virtual reality platform, on 5 May.
Bloomberg
An arm of Brookfield Asset Management Inc. led a $175 million equity funding round for Material Bank, Chief Executive Officer Adam Sandow said in an interview.
Property Inspect
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