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Doug Curry has just lost a major backer of his new company after Xceligent, the company he founded and ran until 2017, reached a legal settlement with CoStar in a copyright infringement suit. Moody's Corp., the financial services giant that launched a commercial real estate data network this year, has divested from its 23.8% stake in Curry's new company, Empirical CRE.  "Moody's has divested it...

Immo Investment Technologies, a London-based fintech startup that purchase homes on behalf of buy-to-let investors, has closed €11 million in Series A funding. Backing the round is Talis Capital and HV Holtzbrinck Ventures, with participation from Tom Stafford and Rahul Mehta of DST Global, and Mato Peric, among others. In addition, the company is disclosing that it ha...

Reonomy, an AI-powered data platform for the commercial real estate (CRE) industry, announced this morning it has raised $60 million in Series D funding led by Georgian Partners. Wells Fargo Strategic Capital and Citi Ventures also participated in the round along with existing investor Sapphire Ventures. The financing nearly doubles the amount of funding previously raised by New York-based Reonom...

Compass has tapped the brakes on new brokerage offices in the U.S. But it’s doubling down on tech talent in India. The SoftBank-backed brokerage announced plans Tuesday to launch a tech campus in Hyderabad focused on developing mobile apps. In a statement, CTO Joseph Sirosh cited the city’s “deep pool” of software development talent. Over the past year, New York-based Compass said it has...

HomeLight, a San Francisco, CA-based real estate platform, closed a $109m financing round. The round includes $63m in Series C equity led by Zeev Ventures, with participation from Group 11, Menlo Ventures, Crosslink Capital, Stereo Capital, and others, and $46m in additional funds to accelerate mortgage operations. The company intends to use the funds to expand its capabilities, including agen...

If you are hoping to book a cheap stay just a short train ride away from the bustle of Manhattan, good luck finding an Airbnb in Jersey City. On Tuesday, Jersey City residents voted overwhelmingly in favor of stricter regulations on short-term rentals that will almost certainly shrink the number of Airbnb listings in New Jersey’s second-largest city. The new rest...

Realogy’s defense against the growing horde of iBuyers landed in Chicago this week. The brokerage conglomerate, in partnership with Chicago-based Home Partners of America, is offering RealSure Sell, a tool that allows home sellers to accept a cash offer on their home within 45 days. The tool is seen as the conglomerate’s answer to automated iBuying offers from firms like Zillow Offers and ...

A few weeks ago at CREtech 2019, Jones took part in a panel to answer a simple question: How can you run a successful technology pilot and win (or lose)? The questions from the audience came pouring in, and there was so much interest in the subject that we clearly couldn’t cover it all in 30 minutes. For the past two years, I have been fortunate to work with a talented team building a widely ...