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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  • AI-powered construction project platform OpenSpace nabs $55M

    Venture Beat

    OpenSpace, a platform that helps construction companies track building projects through AI-powered analytics and 360-degree photo documentation, has raised $55 million in a series C round of funding led by Alkeon Capital Management. The raise comes amid a cross-industry digital transformation boom, spurred in large part by the pandemic. Construction has often lagged behind other sectors in terms of efficiency, but tech such as robotics, artificial intelligence (AI), and remote collaboration t…

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  • Venture Firms Bask in a Surge of Blockbuster Profits

    Wall Street Journal

    Nearly a decade ago, venture-capital firm Sutter Hill Ventures made a small wager on an idea for a cloud computing services company, helping found and fund Snowflake Inc. The bet paid off: Last month, Sutter Hill distributed a profit of nearly $12 billion on the less than $190 million it ultimately invested, as it transferred its shares in the company to its investors and partners, marking one of the most profitable investments ever in venture capital….

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  • Office Demand Surges in March

    Globe St.

    Office demand surged in March, rising 28% from February and 161 percent in Q1 2021, according to the VTS Office Demand Index (VODI). Demand is now just 9% below pre-pandemic levels.

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  • iBuying ramps up after pandemic pause and despite hot real estate market for sellers

    Geekwire

    After taking a hit during the beginning of the pandemic, iBuying is ramping up with dozens of companies racing to streamline home offers online. Seattle giants Redfin and Zillow Group to SPAC-backed upstarts Offerpad and Opendoor are all aiming for the opportunity to become a one-stop shop for sellers. Their ambitious plans went on pause last year when the pandemic began as home-buying efforts slowed.

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  • Firstbase Raises $13M To Help Companies With Remote Work

    Crunchbase News

    As more employees are getting used to working from home, Firstbase has closed a $13 million Series A to help companies with the transition to remote work. The new round was led by Andreessen Horowitz, with participation from B Capital Group and Alpaca VC. Founded in 2019, the company has now raised $15 million in total….

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  • What Successful Start Up Founders Share in Common Trailer

    CREtech

    Ryan Freedman, General Partner at Alpaca Ventures highlights the importance of understanding your strengths to determine your role and career path, the top 5 characteristics he sees in successful founders, and how he’s able to determine what’s next in CRE tech.

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  • In Case You Missed It! Check out a tech demo by Land Intelligence from our CREtechU Virtual Summit

    CREtech

    Gore Bolton, Founder & CEO of Land Intelligence delivers a tech demo. Land Intelligence is the rating agency for land. By leveraging big data ingestion, on-the-ground relationships, and a patented software algorithm, Land Intelligence is a time and cost-efficient solution to the land acquisition and due diligence problem. We do in seconds what would take weeks or months.

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  • The Capital Raising Formula: Optimizing Fundraising Through Technology

    CREtech

    What if there was a simple way to change how you think about fundraising, and the efforts of your organization to raise capital that has the potential to make your work faster, simpler, and more profitable? Join AppFolio Investment Management Industry Principal Michael Sebastian for a discussion on how to streamline fundraising and effectively raise more capital through the use of technology.

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  • Can New Jobs Make Up for the Decrease in Office Demand?

    Globe St

    Brett White, CEO of global commercial real estate services giant Cushman and Wakefield, sees some bad times immediately ahead for office space, though he expects that to reverse with new job creation. “We’re very optimistic with the signs … that we’re seeing in the marketplace right now,” White told CNBC in a recent television interview….

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  • The Pandemic Changed Where Americans Live

    Wall Street Journal

    The pandemic has spurred a burst of mobility that is accelerating changes in where and how Americans live. Some young people are leaving cities earlier than is typical, while some older people are speeding up retirement moves. Fewer newcomers are giving cities a try, meaning the people moving out aren’t being replaced by fresh residents….

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