Gaining a Competitive Edge with Tech, Part 3
CREtech
Jay Olshonsky, President & CEO of NAI Global, discusses the future of what purchasing commercial real estate could look like going forward, and how brokers will be affected by these changes.
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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Why We Invested: Inspectify
The Real Deal
A historic year for proptech fundraising has produced another unicorn. Lessen, a real estate management platform that connects property owners and operators to electricians, cleaners and other service providers, raised $170 million in a Series B round, pushing its total funding so far to $214 million — nearly quadruple its previous fundraising — and valuing the two-and-a-half year-old company at more than $1 billion….
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How the metaverse is already changing the built environment
Medium
In late October, Facebook CEO Mark Zuckerberg announced Meta would be the new name for the US tech giant. It gives a less-than-subtle nod to the metaverse, which Zuckerberg identified as the future of the organisation and tech-enabled social networking more broadly. At the same time, Google Trends saw a surge of online interest in the topic (see below chart). The metaverse is a familiar concept to the Pi Labs investment team and wider PropTech ecosystem. Generally, the metaverse is broken into …
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Virtual real estate plot sells for record $2.4 million
Reuters
A patch of virtual real estate in the online world Decentraland sold for a record $2.4 million worth of cryptocurrency, the buyer crypto investor Tokens.com (COIN.NLB) and Decentraland said on Tuesday.
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Co-working and EdTech company Talent Garden acquires Hyper Island to scale online courses globally
TechCrunch
Talent Garden is a sort of “European-WeWork-meets-General-Assembly” in that its business model is a combination of co-working spaces (in places like Italy, Austria, Romania, among others) plus online/offline digital courses. It’s also a post-Series B company (its last round was $73.5 million), having raised from investors such as 500 Startups and Social Capital. It’s now upping its game further with the acquisition of a majority (54%) stake in Hyper Island — a place some Europeans regard as the …
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Proptech fundraising hits $9.5B record
The Real Deal
Turkeys haven’t yet hit ovens, but this year’s investments in the proptech sector have already broken the industry’s record. The sector received $9.5 billion from investors and venture capital as of mid-November, according to CB Insights data reported by the Wall Street Journal. That figure breaks the record previously set two years ago, when $9 billion was raised in 2019.
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‘Adapt or fail’: WiredScore expands European presence
Placetech
Building connectivity ratings system WiredScore has expanded to 12 new countries in Europe as it releases research into the continent’s connectivity and working habits.
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Goldman Sachs crowns latest proptech unicorn
Placetech
Place, a business service platform for agents in the US and Canada, has raised $100m in a Series A funding round led by Goldman Sachs Asset Management, valuing it at more than $1bn.
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Evolving Retail with Data, Part 3
CREtech
Anjee Solanki of Colliers discusses the relationship between e-commerce and brick and mortar post-pandemic, and the importance of implementing technology to create a seamless omni-channel shopping experience.
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Proptech Investor Backs Startup Looking To Fuse Real Estate And The Metaverse
Bisnow
Specialist proptech venture capital firm Pi Labs has backed a startup looking to create augmented reality technology that would fuse real-world space in sectors like real estate with the digital metaverse….
