Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Construction Dive
The company joins an increasingly crowded field of technology firms trying to solve the seemingly simple yet intractable challenge of connecting tradespeople looking for work with construction companies who are hiring.
TechCrunch
Yummy Corporation, which claims to be the largest cloud kitchen management company in Indonesia, has raised $12 million in Series B funding, led by SoftBank Ventures Asia. Co-founder and chief executive officer Mario Suntanu told TechCrunch that the capital will be used to expand into more major cities and on developing its tech platform, including data analytics.
Crunchbase
Steve Case, the billionaire former CEO of AOL turned venture investor, has spent years working to make entrepreneurship more inclusive with his Rise of the Rest Seed Fund, which invests in startups away from the coastal tech hubs. This year, the company is focusing on Black founders with a virtual event that aims to connect investors with those underrepresented entrepreneurs….
Bloomberg
Just outside the southwestern city of Chengdu, China is building an urban paradise bigger than Houston. Visitors are greeted by a sea of manicured grass encircling a man-made lake, dotted with water lilies, that is almost the size of New York’s Central Park.
Bisnow
Friday morning, CoStar filed suit in federal court against CREXi, a Los Angeles-based company that operates an online commercial real estate marketplace, claiming “flagrant and widespread theft of CoStar’s intellectual property.”
Business Green
Retailer Best Buy, engineering company McKinstry, and technology giant Siemens are among the latest crop of organisations to join The Climate Pledge initiative, committing to become net zero emissions organisations by 2040 at the latest.
The Korea Herald
Kasa Korea, a property technology startup, said Thursday it has raised some 9.2 billion won ($7.8 million) in a pre-series B funding round. The latest funding was led by the state-run Korea Development Bank.
GlobeNewswire
ORLANDO, Fla., Sept. 21, 2020 (GLOBE NEWSWIRE) — RedTeam, a construction management platform for commercial contractors, today announces it has received a $5 million investment from JettyCove, a private equity firm focusing exclusively on technology companies. This investment will be used to help RedTeam deliver a host of new features for its growing customer base, and increase the visibility of its brand within the commercial construction industry….
Wall Street Journal
WeWork is selling control of its China business, the latest sign that the company is abandoning its former rapid growth approach and looking to reduce risk. A group led by investment firm Trustbridge Partners paid $200 million to increase its stake in WeWork China, which leases and effectively sublets office space in the country, the companies said.
LMRE
The webinar was led by Steve Weikal, Head of Industry Relations for the MIT Center for Real Estate and he was joined by Co-Chairs Lindsay Baker and Brendan Wallace of Fifth wall. The focus was on the importance of the Real Estate industry in becoming more innovative and adopting new technologies so that we can ultimately become a true zero carbon world. The question is, how can we get there from where we are today as the current path we are on isn’t leading us there.
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