Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Commercial Observer
In late March, PropTech Insider spoke with Casey Berman, founder and managing partner of Camber Creek about the firm’s mammoth $325 million Fund IV closing and what it means for the company and the proptech industry it invests in so often.
Purpose first entrepreneur
This has been a year of reflection for Thru Shivakumar, CEO and Co-founder of Cohesion. In looking back at her career thus far, Thru sees two prevailing themes—a record of serving companies undergoing transition and change, as well as a commitment to leaving those companies better positioned than when she arrived.
Crunchbase
After spending several years at Greylock Partners and raising multiple rounds as a startup founder, I can tell you that VC is very much an insider’s game. Here are my tips to give you an edge.
tour 24
Tour24®, creator of self-guided tours for the home rental industry, closed its $5.6M Series A on March 25, 2022. Tour24 was the first to introduce the sector’s on-demand mobile app to open doors and provide in-person self-guided tours of apartment communities. Recognized by Commercial Property Executive’s Distinguished Achievement Award for Best Technology: Gold, Tour24 has seen a 290% increase in active units since July 2020 and 160% year over year revenue growth.
Commercial Observer
Proptech startup Dwellwell Analytics exited stealth mode on Wednesday with $12 million in seed funding aimed at developing what one of the startup’s founders compared to a “check engine light” platform for the home.
TechCrunch
An easing of laws around the construction of accessory dwelling units (ADUs) around the U.S. has opened up opportunities for companies that build such structures.
Bisnow
With the construction industry already bogged down due to pandemic-related schedule delays and labor shortages, contractors don’t want to be further slowed down by avoidable errors. In 2021, rework accounted for 30% of the work on a typical construction project. Much of that has been due to mistakes arising from avoidable gaps between plans and fieldwork.
The Real Deal
A proptech firm that claims to have produced the first “check engine light” for the home launched its service with more than $12 million in seed funding.
Crunchbase
Global venture funding reached $160 billion in the first quarter of 2022, Crunchbase data shows, marking the first time in a year of records when startup capital fell quarter over quarter.
Bisnow
Is this what the latest class of alternative property assets looks like? What are believed to be the world’s first nonfungible tokens, or NFTs, of digitised commercial real estate have just changed hands.
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