The race to build wooden skyscrapers
Axios
The “mass timber” movement is a growing worldwide effort to build high-rises and other buildings out of wood composites rather than steel and concrete, for environmental reasons.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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‘Cash Is King’ As VC Spigot Slows
Crunchbase
A year ago, startup founders often found themselves fought over by venture investors eager to grab a piece of any promising young company with fast growth potential. Investors competed in an increasingly heated environment in which they were often under pressure to close outsized deals in a matter of days. All told, venture capitalists spent a record $643 billion in 2021, almost double what they had the year before.
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Katerra bosses sunk company with “self-dealing”: Lawsuit
The Real Deal
While Katerra floundered, its executives diverted the firm’s business to their other companies and used its funds for private jet rides and basketball games, according to a new lawsuit.
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Leasecake Raises $12M in Series A Funding
Finsmes
Leasecake, an Orlando, Fla.-based cloud-based operating system for lease and location management, raised $12m in a Series A funding.
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Mortgage tech firm lays off 200 as rates surge, industry slumps
The Real Deal
A digital lending platform is laying off 200 employees as a historic surge in mortgage rates tamps down applications.
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CREtech London | GPE boss calls for real estate skills reboot
PlaceTech
Skills that traditionally underpin real estate are no longer fit for purpose, Toby Courtauld, CEO of GPE said at the first session of CREtech London this morning.
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Venture Capitalists Flock to Crypto While Deals in Other Sectors Slow
WSJ
Venture investors are rushing into crypto startups, while deal-making in other sectors slows.
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The SoftBank Model Is Pushing Proptech Valuations Past Reality
Bisnow
SoftBank, through its Vision Fund, is one of the most influential and disruptive forces in the venture capital and private equity markets, typically using that influence to push companies into hyper-growth mode before attempting to take them public. But some investors say its string of defeats hasn’t just cost lots of rich people money, they have left deep fractures across the commercial real estate industry.
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Stonal, a leading real estate SaaS platform, raises $22 million and hires Robin Rivaton as CEO to expand in Europe
PR Newswire
Stonal, the European property operations SaaS platform leader, has signed a new funding of $22 million led by RAISE Investissement to accelerate its expansion. This funding will enable Stonal to reach a $100 million revenue target on the European real estate SaaS market by 2027. Robin Rivaton, a recognized VC investor and proptech expert, joins the company as CEO.
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A law professor explains how blockchains and NFTs don’t protect virtual property
Fast Company
In 2021, an investment firm bought 2,000 acres of real estate for about US$4 million. Normally this would not make headlines, but in this case the land was virtual. It existed only in a metaverse platform called The Sandbox. By buying 792 non-fungible tokens on the Ethereum blockchain, the firm then owned the equivalent of 1,200 city blocks.
