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CRETech February 20, 2020
Today, 55 percent of the world’s population lives in urban areas, and that number is expected to grow to 68 percent by 2050, according to estimates from the United Nations. Projections show that continued urbanization — or the gradual shift from rural to urban areas — combined with the overall growth of the world’s population could add another 2.5 billion people to urban areas by 2050.
CRETech February 20, 2020
Tune in to our live Virtual Demo Day on Tuesday, March 10 webinar to experience demos from the most innovative tech companies in commercial real estate. Virtual Demo Day is the best way to discover startups that you need to know about without leaving your desk. Plus, it’s FREE! Present at Virtual Demo Day Want to demo your product at CREtech’s next Virtual Demo Day?
CRETech February 20, 2020

DRIVING HEADLINES 

This week witnessed a high deal volume across North America, Europe, India and Brazil. The more notable rounds of capital went to companies in the hospitality, mortgage tech, flexible workspace and construction industries. The largest round went to
CRETech February 20, 2020
Cherre, the NYC-based real estate data and analytics platform which boasts large real estate businesses Keller Williams and Oxford Property Group among its clients, has raised $16m in growth funding in a round led by Intel Capital. The latest investment brings the total capital raised to date to $25m. Other participants in the round included Navitas Capital, Carthona Capital, Zigg Capit...
CRETech February 20, 2020
Global Investor Perspectives To Take Center Stage At FUTURE PropTech London (19 February 2020) - FUTURE PropTech, part of the World’s number one real estate technology event series, will bring together global investors for “The Real Estate Investors Perspective'' track on the morning of day 1. The track will feature a range of formats including panel dis...
CRETech February 20, 2020
Joseph Daniels is unlike anyone you’ve ever met in the world of real estate and construction. At the age of 27, he has already been backed by one of Europe’s richest families and a hedge fund titan, met Indian Prime Minister Narendra Modi to discuss tackling the global housing crisis and built houses on two continents.  He wants to turn his company, UK-based Project Etopia, into the Tesla of...
CRETech February 19, 2020
The San Francisco-based startup, which has provided visitor management software since 2013, will now move beyond the lobby with a host of new workplace products, from conference room booking to a new employee app, it said in a blog post last week. With over 13,000 offices already using its guest check-in software, Envoy's new product suite includes Envoy Rooms, which books meeting rooms, and Envo...
CRETech February 19, 2020
A/O PropTech, a London, UK-based venture capital and private equity firm focused on proptech, has launched with €250m. The firm backs emerging-technology companies, enhancing the real estate industry at large, from Series A to later stage growth breakouts. It enables founders to create, iterate and scale disruptive tech-enabled products and platforms. It uses its $35bn+ strategic RE portfolio t...
CRETech February 19, 2020
Rent The Runway, the designer women’s fashion rental service, is private and doesn’t publish earnings but it would be surprising if it was profitable. It is valued at a cool $1 billion. Stitch Fix, the online personal styling service, makes money but its earnings are erratic. It is valued at $2 billion, over 50 times EBITDA (earnings before interest, taxes, depreciation and amortization).
CRETech February 19, 2020
On this week's Spotlight, The News Funnel is excited to feature Andrew Ackerman, Managing Director at Dreamit Urbantech. Since the launch of Dreamit Urbantech in 2017, Andrew has been closely involved with proptech and construction startups, leading them through the process of pitching to investors and securing funding. Outside of commercial real estate, you might find Andrew skiing or enjoying a ...