News Archives | Page 679 of 1007 | CREtech

CRE Tech Investors Now Choosing Profitability Over Growth

CRETech October 17, 2019
NEW YORK CITY-The wellspring of new real estate technology companies has venture capitalists excited— but also cautious following the recent lesson from WeWork’s flopped initial public offering, as they watched the co-working company’s valuation deflate and stunted cash flows on the front lawn. Now, investors are strict about profitability with growth as the cherry on top as the market pe...
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Proportunity raises £2M seed for its ‘help to buy’-style property lending

CRETech October 17, 2019

Proportunity, the startup that provides “help to buy”-style equity loans primarily for first time property buyers, has raised £2 million in additional funding.

Billed as a seed round, backing comes from Anthemis, the fintech investor, and Axel Springer Digital Ventures, the early stage venture arm of European digital publis...
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How to radically change finance through startups at TechCrunch Disrupt Berlin

CRETech October 17, 2019

Fintech has been a very popular area for venture investment, and this is particularly true in Europe. Dozens of high-growth fintech startups have launched over the past decade, from challenger banks and neobanks to new payment services and better ways to s...

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WeWork, Landlord Scrap Deal for 36-Story Seattle Tower Lease

CRETech October 17, 2019
WeWork has backed out of an ambitious project to outfit a 36-story tower in Seattle with co-working space and its co-living offshoot, as the company looks to shore up its finances. WeWork won’t lease the building at Third Avenue and Lenora Street from Ma...
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VTS Buys PropertyCapsule to Expand Online Real Estate Offerings

CRETech October 17, 2019
(Bloomberg) -- VTS Inc., a closely held provider of online real estate services, acquired another web-based platform, PropertyCapsule, in a bid to jump-start growth. The deal was valued at $20 million, said a person familiar with the terms who asked not to be identified because the price wasn’t announced. PropertyCapsule helps market commercial real estate.
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Venture funds have poured $24.6 billion into proptech so far this year. Deal sizes and the number of funding rounds are expected to keep growing.

CRETech October 16, 2019
This year has been a banner year so far for the real estate tech world. A new report from EY and CREtech pegged venture capital investments in so-called built-world tech at $24.6 billion through the third quarter, the most since 2015, the first year analyzed by the report.
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SoftBank Reportedly Negotiating To Take Control Of WeWork

CRETech October 16, 2019
Even as it teeters on the brink of total collapse, The We Company still inspires fierce competition among potential investors. SoftBank Group, WeWork's biggest single source of capital in the past three years, is negotiating to invest potentially billions more in a bid to take a controlling stake in the company, The Wall Street Journal reports. The added ownership share going to SoftBank would...
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WeWork Nixes Planned Seattle WeLive Location

CRETech October 16, 2019
The We Company has canceled plans for its long-anticipated Seattle co-living location, it announced Monday. In what would have been its third WeLive and first West Coast co-living location, WeWork had planned  to occupy the entirety of Martin Selig Real Estate's 36-story tower heading for the city's Belltown neighborhood.
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Google Home Mini is now Nest Mini

CRETech October 16, 2019

Google this morning unveiled the long-awaited follow-up to the Home Mini. The latest version of the company’s wildly popular entry-level smart speaker has been rebranded the Nest Home Mini, in keeping with the branding refresh of its smart home offerings. The new version of the device looks a lot like its predecessor, but features a number of internal upgrades.

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WeWork Bonds Fall to New Low

CRETech October 16, 2019
WeWork bonds plumbed new lows Tuesday, highlighting questions about the shared-office startup’s future as it explores options for raising desperately needed cash after shelving an initial public offering.
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