News Archives | Page 588 of 1011 | CREtech

Pioneering proptech VC, Pi Labs, has announced a strategic £2.5 million investment from leading pan-European real estate fund manager, Revcap, into the Pi Labs business. The funding was secured to support Pi Labs’ expansion internationally, to grow its multidisciplinary team of real estate, finance, and technology professionals, and to invest into its platform.

Apsiyon, an Istanbul-based property management software, has raised $5 million in a round led by Earlybird VC’s Digital East Fund with participation from angel investor Jak Baruh. The company plans to use the funds for international expansion, regional acquisitions, and fuel for becoming an all-around marketplace of lifestyle services for residents.

Lime is pausing its electric scooter operations in California and Washington, as well as throughout the countries of Italy, France and Spain to help keep riders safe during the COVID-19 pandemic. “Like you, we are worried about the cities we love and call home, the people we serve, and our colleagues on the ground,” Lime wrote in a blog post today. “Loving cities m...

KlickOwn has launched its first security token offering for real estate in Germany. Launched in mid-2019, the first digital security is for a building based in Lüneburg, Germany. The offering is debt-based seeking up to €1.5 million. As of today, the offering has raised over €350,000. Investors may anticipate a 5% annual rate of return on a “token-based bond.” The offering will accept a...

We need to go hands-off in the age of coronavirus. That means touching fewer doors, elevators, and sign-in iPads. But once a building is using phone-based identity for security, there’s opportunities to speed up access to WIFI networks and printers, or personalize conference rooms and video call set-ups. Keyless office entry startup Proxy wants to deliver all of this while keeping your phone in ...

To join CBRE & Openpath's upcoming call "Surviving vs. Thriving: Tips for Pivoting to a Remote Workforce in Real-Time" you must register below. Once your RSVP is confirmed, you will receive a follow-up email with the webinar login information. For questions, please contact Marie Razon: Read more SoftBank Backs Away From Part of Planned WeWork Bailout CRETech March 17, 2020 SoftBank Group Corp.is backing away from part of its planned bailout of WeWork, people familiar with the matter said, privately citing several regulatory investigations of the office-sharing company. A notice sent to WeWork shareholders Tuesday said that SoftBank believes regulatory probes into the startup’s business, including from the Securities and Exch... Read more Startups Race to Shore Up Balance Sheets as Panic Spreads CRETech March 17, 2020 As the coronavirus pandemic shuts down whole sectors of the economy and cuts equity valuations by trillions of dollars, startups are racing to set up contingency plans, shore up their balance sheets with fresh funds, even appealing to customers to just keep buying. It is a sudden reversal from the decadelong bull market, when abundant capital encouraged aggressive spending to fuel growth. Read more Nokia adds 5G to worldwide IoT network, lets carriers test new sensors CRETech March 17, 2020 Nokia may be best known for cellular phones, but in recent years the Finnish company has focused on networking hardware — the radios and infrastructure that connect cellular devices to the internet. Today, Nokia announced that it’s augmenting its Worldwide Internet of Things Network Grid (WING) with new 5G capabilities, enabling cellular carriers to offer global-scale 5G IoT services to custo... Read more Here’s What One VC Is Warning His Portfolio Companies About As Coronavirus Spreads CRETech March 17, 2020 Last week, Sequoia Capital distributed a memo to founders and CEOs of its portfolio companies about the worsening economic situation as coronavirus spreads, CNBC and many other media outlets reported. I’ve also seen posts all over Twitter from people cautioning about a slowdown in VC funding and reacting with concern to the tumultuous state of the public markets. Read more