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Texas-based property management software provider RealPage was the target of hackers who stole $10.5 million from the company’s accounts, according to local media.

Venture capitalist Tim Draper has invested $3.5 Mn in Tribe Theory, an international entrepreneur-focused hostel chain. The hostel chain was founded by Vikram Bharati in Singapore and came into India with the acquisition of Construkt Startup Hostels founded by Shashikiran Rao and Karan Bahadhur. With this, the existing hostel will rebrand to Draper Startup House (DSH...

Knox Financial, the eight-month-old Boston startup that turns homes into investments by renting them out for the owners, has raised $3 million in seed funding led by Greycroft with participation from Pillar VC. The money will help propel Knox’s expansion into new markets over the next 12 months. Launched in Boston last March with $1.4 million in seed funding, Knox’s pilot program had the co...

Six out of 10 senior executives in the world’s biggest real estate firms believes the rise of platforms that cut out agents and other intermediaries will cause major disruption in the years ahead. Software giant Altus Group surveyed 400 senior executives at some of the world’s largest real estate firms, each with at least $250m assets under management and representing a total AUM of more than...

FUTURE PropTech, part of the World’s number one real estate technology event series, has announced a new CONTech Pavilion for the 2020 London show. As the convergence of smart buildings, digital twins, BIM, AI, robotics and other technologies become commonplace, The ConTech Pavilion will provide a dedicated meeting point for the leading solutions providers, world class speakers and VCs focused o...

2019 was a riveting year for PropTech. Venture investments peaked at $25BN (double that of 2018), acquisitions picked up (a handful at >10x revenue multiples!), unicorns emerged (VTS), and valuations hit new highs. While one PropTech titan wound down its IPO (WeWork), another is getting ready for the hottest IPO of 2020 (AirBnB). The cycle is hitting a dizzying pace. Five years ago, when we bo...

CREtech (cretech.com), the leading global conference and research company devoted to innovation in the Built World, will be showcasing a panel of the most active companies in the real estate tech M&A space at its first event in 2020. To be held in Austin, Texas on April 22nd and 23rd, the panel will be moderated by Ben Lerner, Managing Director, “Real Estate” Tech M&A, Lerner Associate...

Compass is laying off up to 40 employees across its IT, marketing and M&A teams, the company confirmed Monday. Sources said the move, which is taking place this week, is part of a broader reorganization as the SoftBank-backed company consolidates roles that service agents. The sources said Compass will create a new team called the “Agent Experience Team” to replace teams of employees who ...

Coworking firm Serendipity Labs is gearing up for expansion in 2020, and that growth looks a great deal different than its giant competitor, WeWork. The Rye, N.Y.-based company is pivoting to an entirely franchise-based model as it enters six new markets in 2020, adding 130K SF to its national coworking network, mostly in secondary and tertiary markets WeWork and other national operators are ove...

In a conference call with reporters on Monday afternoon, Sarva said the four-year-old startup has “profitability very much in sight” and released some financial figures, providing a rare look at the firm’s inner workings. This marks the first time that Knotel — which was crowned a unicorn last year after it closed on a $400 million funding round — has invited outsiders to look at financi...