Top of the Morning
Axios
The flow of SPAC news continues to feature new vehicle formations, IPOs, and some mergers — but soon, it’s also likely to include a whole lot of liquidations.
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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Is Leko Labs the future of carbon neutral construction?
Placetech
Using sustainably-sourced wood-based building materials, a Luxembourg-based startup has said it can replace up to 75% of concrete and steel used in buildings.
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Cabot Properties’ Deal With Hatch Data Underscores ESG in Industrial
Commercial Observer
When private equity real estate owners start caring about sustainability in their industrial properties it is clear that a big change is indeed underway.
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CREtech Climate Cast: Implementing Sustainability & Social Responsibility featuring Becca Rushin
CREtech
Becca Rushin, VP Sustainability & Social Responsibility at Jamestown provides an overview on why sustainability is an integral part of Jamestown’s mission and why companies should be investing in climate technologies and social responsibility. Becca also shares how technology plays a role in sustainability at Jamestown and in real estate more broadly.
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Bad Credit? No Savings? Unconventional (Maybe Risky) Ways to Buy a Home
New York Times
Some consumer groups worry that buyers may not fully grasp what they’re giving up in these agreements, especially those offered by for-profit companies.
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Step up and support the Climate Crisis Challenge
Property Week
As Julie Hirigoyen, chief executive of UKGBC and keynote speaker at CREtech London in April, points out, the real estate industry is responsible for 25% of total UK emissions and 40% globally.
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VC Brendan Wallace of Fifth Wall isn’t quite ready to invest in the metaverse
TechCrunch
Almost exactly two years ago, we talked with Brendan Wallace, the co-founder of the property- and real estate tech-focused venture firm Fifth Wall, about a trip from which he’d just returned. His visit had been to Singapore, where he described scenes of masks and social distancing and explained that, out of an abundance of caution, he was planning to stay inside his home in Venice, California for 14 days before returning to the office….
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Funnel Raises $36M Series B to Help Apartment Operators Stop Managing Renters with Property Management Software
Funnel Leasing
Funnel Leasing, the only renter-centric leasing platform, today announced the completion of a $36.5-million Series B raise that will transform the residential leasing process for multifamily operators. The preemptive round was led by RET Ventures, a leading PropTech-focused VC firm and existing Funnel investor. They were joined by Camden Property Trust and Morgan Properties, two of the country’s largest owners of multifamily properties, as well as Wilshire Lane Capital, Trinity Ventures and Camb…
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Real Estate Crowdfunder Raises $118M In Series B Funding
Bisnow
The act, co-authored by Groundfloor co-founder Nick Bhargava, allowed small businesses to fundraise up to $75M from nonaccredited investors
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Groundfloor steps up its real estate debt crowdfunding platform with fresh capital
TechCrunch
Crowdfunding has become an increasingly popular way for companies to raise capital, and investors are taking notice. Groundfloor, the first real estate crowdfunding platform to gain regulatory approval, announced today that it raised its first round of institutional capital since 2015.
