Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Taronga Group
Top tech investors are putting their confidence in Zerv Access Solutions as the company secures $15 million in funding to continue its goal of digitizing and streamlining access and security systems with limitless applications.
Placetech
VTS, the global proptech software provider, has launched its marketing and leasing platform VTS Market in the UK, having signed up several industry-leading asset managers.
Placetech
Two leading US and European tenant experience platforms are set to merge, with HqO announcing its acquisition of Office App to create a company valued at more than $500m.
New York Times
Two years after WeWork’s attempt to become a public company flamed out spectacularly, the co-working giant started trading on the stock market on Thursday, hoping that investors will now believe in its prospects.
TechCrunch
You’ve heard of neobanks. Meet the neolender. One of the newest is London-based Proportunity. It’s now raised a $150 million mixed debt and equity funding round ($7 million equity financing and $143 million in debt), on top of its $10 million debt round in 2020. The round was led by VentureFriends, Kibo Ventures and existing investors Anthemis, Entrepreneur First as well as new U.K. proptech investors Amro Partners. The startup plans to use this funding to grow its team, as well as increase its…
Commercial Observer
RodRadar, an Israel-based construction tech startup that uses sensor technology to help construction crews avoid striking underground utility lines, announced Tuesday that it has raised a $6 million Series A round, led by Brick & Mortar Ventures. The contech firm will use the financing to complete product engineering and start selling the technology, said Moshe Dalman, CEO and co-founder….
JLL
JLL (NYSE: JLL) today announced it reached an agreement to acquire Boston-based Building Engines, a market-leading building operations platform that transforms how properties are run, provides exceptional experiences for operators and tenants and improves net operating income (NOI) across the world’s most successful commercial real estate (CRE) portfolios. JLL will acquire Building Engines for a cash purchase price of approximately $300 million. The transaction is expected to close in the fourth…
CREtech
Jesse Carrillo of Hines discusses how the company is piloting new construction technology to account for today’s design needs as well as how each property’s function and design will evolve going forward.
Placetech
Citing a “significant opportunity to scale adoption” amid the growth of hybrid working, JLL Spark has co-led a $9m fundraising round for software that connects access control across buildings around the world.
StateBook
StateBook, a leader in digital, data-driven location intelligence solutions, is pleased to announce the addition of Raj Bhatti to our Advisory Board. “We are delighted to welcome Raj to our board,” said Calandra Cruickshank, CEO of StateBook. “Having someone with his deep experience in commercial real estate innovation, digital product development, and strategic partnerships will be an incredible complement to our rapidly-growing company. We look forward to collaborating with Raj as we contin…
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