Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Wall Street Journal
The blank-check boom has turned into a rout. More than six months after the SPAC craze crested, a broad selloff has wiped about $75 billion off the value of companies that came public through special-purpose acquisition companies, according to a Dow Jones Market Data analysis of figures from SPAC Research.
Yahoo Finance
During the early stages of the COVID-19 pandemic, proptech startup Sugar Living, helped enhance the at-home quarantine experience for those stuck inside. Now, the Los Angeles-based startup has announced it raised $2.5 million in seed funding to expand and connect people in their residential communities with its visionary technology. The funding round was supported by a bevy of investors including SquareFoot CEO Jonathan Wasserstrum, Ben Zises, Diran Otegbade, Oleksiy Ignatyev and Zillow board…
TechCrunch
Pancake brought in a $350,000 seed round to develop its home design platform that leverages furniture you already have in your home with a designer’s fresh eye on your space. Maria Jose Castro and Roberto Meza, both from Costa Rica, started the company in 2020, based on their own experience of transitioning to work-from-home and needing to outfit a space. However, design services can be expensive, and therefore not accessible to everyone….
VentureBeat
To say cybersecurity is booming would be an understatement. We’re talking about security companies’ skyrocketing valuations ($524.1 million on average) and the massive amount of funding ($12.2 billion just this year so far) investors are pouring into the industry, of course. Because in terms of success, there’s a lot to be desired. Recent supply chain attacks on SolarWinds and Kaseya, as well as the zero-day attack on Microsoft Exchange, took cybercrime to new levels and showed how one breach co…
CREtech
Join CREtech Climate for an exclusive webinar celebrating the upcoming book launch of Dr. Parag Khanna’s MOVE: The Forces Uprooting Us. Greg Lindsay, Director of Applied Research at NewCities and CREtech Climate Leadership Board Member, will join Khanna to look at the forces, such as the climate crisis and disruptive technologies, that are producing the next mass migrations.
GlobeSt
Global firm Zventus recently revealed that it would launch a blockchain lab for the financial services industry with a specific focus on “modernizing the mortgage sector.” The firm said the initiative will develop new products, services, and solutions to enhance the loan process to make loan processes more secure and economical.
GlobeSt
Earlier this week, BuiltUp Ventures revealed a significant investment in OKIBO, an Israeli contech startup that’s creating its robotic automation solutions to address challenges like skilled labor shortages. OKIBO’s robots are “designed for the harsh conditions of a construction site,” the companies said in a joint statement announcing the deal, with 3D scanning, autonomous path planning, and USPTO-approved real time modeling technology. Its first product is a drywall finishing robot performing …
CREtech
Don Weinreich, Partner at Ennead Architects, shares his approach to technology as a double edged sword, and questions how much ‘tech debt’ a company can truly acquire while still remaining competitive in the industry.
Bisnow
It’s a challenging time to be leasing office space in Houston. Nearly a quarter of the city’s inventory is sitting empty, reflecting the lingering effects of a previous energy downturn, the coronavirus pandemic and last year’s crash in oil prices. Contributing to the vacancy rate is a growing inventory of obsolete buildings thanks to the city’s 1980s-era construction frenzy — a spate of development brought on by major tax reforms and a simultaneous oil boom that buoyed the local economy….
TechCrunch
HomeLight, which operates a real estate technology platform, announced today that it has secured $100 million in a Series D round of funding and $263 million in debt financing. Return backer Zeev Ventures led the equity round, which also included participation from Group 11, Stereo Capital, Menlo Ventures and Lydia Jett of the SoftBank Vision Fund. The financings bring the San Francisco-based company’s total raised since its 2012 inception to $530 million. The equity financing brings HomeLight’…
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REGISTRATION IS OPEN FOR EUROPE 2030: SHAPING THE FUTURE OF THE BUILT WORLD IN LONDON ON JULY 1, 2025