Hilti makes $300m construction tech acquisition
Placetech
In the biggest ever acquisition in the construction tech sector, global construction services company Hilti Group has agreed to acquire tech company Fieldwire for $300m.
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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Proptech Fundraising Soars to Record Highs in 2021
Wall Street Journal
Growing landlord demand for better data, new apps and other real-estate technology is fueling a boom in proptech and attracting record sums of capital into the sector during the pandemic.
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The 15-Minute City Is Coming, Even In Car-Crazy Texas
Bisnow
They are in the works along the coasts, across the pond and in hotspots for progressive architecture like Portland, but sprawling Texas cities have been slow adopters of the 15-minute city model….
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WeWork’s East Coast Head On How It Is Adapting To The Hybrid Office Market
Bisnow
As WeWork seeks to recover from the coronavirus pandemic and turn a profit after going public, the coworking company has been pushing a pair of new products that represent a departure from its traditional office subleasing model.
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NoBroker becomes India’s first proptech unicorn with fresh $210 million funding
TechCrunch
An Indian startup that is improving the way millions of people in the nation lease or buy an apartment is the latest firm to become a unicorn in the South Asian market. Bangalore-based NoBroker has raised $210 million in its Series E financing round, its founders told TechCrunch in an interview. Tiger Global and General Atlantic, two existing investors, and Moore Strategic Ventures co-led the eight-year-old startup’s Series E financing round….
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How CBRE plans to help landlords find clean energy
Placetech
The global real estate firm has teamed up with Altus Power, the clean electrification company it plans to take public through a blank cheque company, to develop a tool to help landlords source local clean energy.
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U.S. Department of Energy Announces $45 Million in Carbon Storage Technologies for Building Materials
ARPA
The U.S. Department of Energy (DOE) today announced up to $45 million to support the development of technologies that can transform buildings into net carbon storage structures. With carbon storing building materials often being scarce, expensive, and geographically limited, DOE is pioneering technologies that overcome these barriers to lower or eliminate emissions associated with their production. This will also increase the total amount of carbon stored in buildings to make them net carbon neg…
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The Future of Offices Isn’t Just About Home Working
Wall Street Journal
It’s tempting to see home working as the big threat to city-center offices. But investors might gain more by watching an old real-estate fundamental: construction. Compare London and New York. Few new offices were started in the U.K. capital in recent years, partly as a result of Brexit, which should help big commercial landlords there recover relatively quickly from the pandemic. Faced with a building glut, their peers in New York may not be so lucky….
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Updater Raises $60M in Funding to Accelerate Growth in Relocation Market
Updater
Today, we’re pleased to announce the closing of approximately $60 million in additional growth funding. The investment comes at a time of rapid growth for Updater. With this new capital, we’ll accelerate our hiring plans and introduce cutting-edge technology to millions of households across the United States. Including the financing round announced today, Updater has now raised over $250 million.
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These Are The Most Active Investors In Decacorn Startups
Crunchbase News
This year has seen the number of new companies valued as decacorns double already, compared to 2020, marking the highest year on record for new startups valued at $10 billion or more.
