Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
TechCrunch
San Francisco-based construction startup Versatile is announcing today that it has raised a $20 million Series A. The round was led by Insight Partners and Entree Capital, along with existing investors Robert Bosch Venture Capital GmbH, Root Ventures and Conductive Ventures. The round follows $8.5 million in funding, including a $5.5 million seed round that arrived in August of last year….
The Wall Street Journal
When it comes to home design, two attributes are likely to become even more important in the years ahead: sustainability and technology that predicts what residents want. That will mean homes of the future could look pretty different from today.
Bloomberg
Spectacular technology breakthroughs, multiple trillions of euros in investment, and an economic overhaul won’t be enough to make Europe the first climate-neutral continent by 2050—it also will need a new look. Architecture in particular has become a focus for the European Union’s climate efforts. …
FinSMEs
LendingHome, a San Francisco, CA-based lender to real estate investor, raised $75m in Series E funding round. Benefit Street Partners led the funding round. In conjunction with the funding, Richard Byrne, President of Benefit Street Partners, will join the Board of Directors. The company intends to use the funds to accelerate growth in the real estate investment market.
The New York Times
You know how to Google, how to Uber and how to Netflix and chill. Now, can Jeff Bezos get you to Zoox. That’s the plan. On Monday, the Amazon-owned Zoox is unveiling an electric autonomous vehicle as part of what will likely be an aggressive attempt by the company to make robo-taxis a thing.
The Wall Street Journal
Let’s say you want a hamburger. With a few taps on your phone—no onions, please—the order is placed, with delivery set for within the hour. Soon, your specially wrapped burger appears on the horizon, borne aloft by a humming drone. A retractable door on your rooftop opens to reveal a landing pad and delivery receptacle. The drone places the burger into a box, preferably heated, and a small elevator brings it into the house.
The Net Zero Asset Managers initiative
Asset managers representing over $9 trillion of assets under management (AUM) today announced the launch of the Net Zero Asset Managers initiative. This is a leading group of global asset managers that commit to support the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°C.
Bloomberg
Elon Musk is doing it. Carl Icahn has already done it, so has Joe Rogan. And many who float in Manhattan’s upper echelons want to do it. They’re being drawn to Texas and Florida, where lower taxes and other financial perks wait to welcome them from California and New York. But what about the Americans who aren’t managing billions of dollars, sending astronauts to space in their rockets, or interviewing Kanye West on their podcast?
CREtech
CREtech, the largest intelligence platform devoted to Reimagining Real Estate, announced today that they will host CREtech Venture Match, a virtual networking-only event aimed to connect investors and real estate tech companies.
The Wall Street Journal
Oracle Corp. ORCL 1.90% said it has changed its corporate headquarters to Austin, Texas, the latest high-profile defection from Silicon Valley. The company and its founder and chairman, Larry Ellison, are pillars of the Bay Area.
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