Smart cities accelerator to be launched in Osaka
Smart Cities World
Plug and Play wants to make the Keihanshin Metropolitan area one of the world’s leading start-up ecosystems as well as contribute to the Japanese city’s smart city progress.
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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Venture Capitalists Target Seattle as Startup Ecosystem Grows
Wall Street Journal
Venture capitalists are increasingly targeting deals in Seattle, where they say a burgeoning startup ecosystem holds the potential to support more enterprise software innovation. Deal activity in the Seattle region has grown in recent years. The number of venture investments in startups in the region rose to 433 in 2019, up 18% from 367 in 2015, according to PitchBook Data Inc.—the third-sharpest increase among major U.S. hubs for venture-capital investment, after Philadelphia and Denver. The co…
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SoftBank Claws Back Into the Black After Historic Losses
The New York Times
TOKYO — Just four months ago, Masayoshi Son, the daring billionaire who leads the Japanese conglomerate SoftBank, looked as if he might lose it all.
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Michael Spies joins Navitas Capital, leading Real Estate and Construction Technology VC
Navitas Capital
Navitas Capital, a leading venture capital firm investing in technology solutions for the built environment, has announced that Michael Spies has joined as a Venture Partner. With Navitas, Michael will provide guidance as the firm begins investing from it’s third fund and will offer strategic support to its various portfolio ventures.
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Start-Ups Braced for the Worst. The Worst Never Came.
The New York Times
Two months later, with the spread of the coronavirus, business got even worse. The company laid off another 100 employees, asked those who remained to volunteer for pay cuts, obtained a government loan of $5 million to $10 million and battled bankruptcy rumors….
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CREtech Global Summit 2020 Impressions
realquantum
As a first-time attendee at the CREtech Global Summit, I was anxious to immerse myself in the real estate tech world at a conference center in Austin, TX. As with every other event like this, postponing and then eventually switching it to online-only was the safest choice. Fortunately, the organizers did a good job by putting together a schedule of top-notch speakers. This review focuses on the US sessions in days 3 and 4. (I wasn’t willing to get up at 2 am to catch the UK sessions)….
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Big Landlord in Talks to Put Warehouses for Amazon in Malls
Wall Street Journal
The largest mall owner in the U.S. has been in talks with Amazon.com Inc., the company many retailers denounce as the mall industry’s biggest disrupter, to take over space left by ailing department stores. Simon Property Group Inc. has been exploring with Amazon the possibility of turning some of the property owner’s anchor department stores into Amazon distribution hubs, according to people familiar with the matter. Amazon typically uses these warehouses to store everything from books and sweat…
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NYSE Owner Agrees to Buy Mortgage-Software Firm Ellie Mae
Wall Street Journal
Intercontinental Exchange Inc., the owner of the New York Stock Exchange, said it would acquire mortgage-software firm Ellie Mae, a landmark bet by the exchange giant on the digitization of the U.S. mortgage industry. The deal between Atlanta-based ICE and private-equity firm Thoma Bravo is valued at about $11 billion, including $9.25 billion in newly issued debt and $1.75 billion in stock. It is expected to close in the third or fourth quarter of 2020, pending regulatory approval.
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Cybersecurity Chiefs Attain New Visibility
Wall Street Journal
Corporate cybersecurity leaders are gaining prominence within companies as they grapple with rising security threats during the coronavirus pandemic. Companies have faced an onslaught of attempted cyberattacks since the start of the pandemic as employees receive huge volumes of phishing and scam emails and hackers aim ransomware at health-care providers….
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WealthPark Raises $8.5M for Property Management Software
Commercial Observer
Japanese startup WealthPark has raised $8.5 million to further develop its property management software and expand into wealth management, Commercial Observer has learned. The startup wants to put more investment tools in the hands of property managers to help them leverage their position relative to landlords, WealthPark CFO Jumpei Shirasaki said.
