Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
WSJ
Some WeWork directors are gearing up to fight SoftBank Group Corp. 9984 18.61% ’s move to back away from part of its bailout of the shared-office provider, presaging what could be a fierce internal battle just as the startup grapples with fallout from the coronavirus pandemic.
VENTUREBEAT
This week, nearly every major company developing autonomous vehicles in the U.S. halted testing in an effort to stem the spread of COVID-19, which has sickened more than 250,000 people and killed over 10,000 around the world.
THEREALDEAL
It’s a millennial’s dream: traveling the world while working, drinking, exploring and meeting like-minded nomads in chic hotels. That’s what Selina is selling. Backed by high-profile investors including WeWork co-founder Adam Neumann, the London-based startup operates dozens of hostels with co-working space in vacation spots across the globe.
NEWYORKCITYBIZLIST
Alpha’a, the B2B, crowd-sourced and purpose-driven PropTech fine art sales platform, has advanced to the second round of Meet The Drapers after winning in its first appearance on the popular tech startup investment television show
CNBC
Airbnb is fielding “significant” interest from investors even as the coronavirus crisis hits the travel and hospitality industry especially hard, two sources familiar with the matter told CNBC.
SHADOWVC
While I continue to be concerned about daily events and signals, the majority of my conversations are now focused on the “new norm.” It may get worse in the near term, but none of us believe that this will be forever. There eventually will be a new norm, and its fabric will have new constraints and new opportunities. Much like the scar tissue that developed for many of us post 9-11, the generational trauma of the pandemic will touch generations today and in the future. But we, also, can touch fu…
EUSTARTUP
UK startup Pupil, a leader in AI-driven real estate measurement, has secured a fresh round of funding of €14.9 million, bringing the total raised since the company was launched in 2016, to €24.5 million. This follows on from an oversubscribed angel funding round and values the company at approximately €93.2 million.
PROPERTYWEEK
The contract is the second phase of a UK Department for Business, Energy & Industrial Strategy innovation competition to help small businesses become more energy-efficient. The platform will be rolled out nationally after completion in April 2021. DEEP will help small businesses automatically optimise their total energy consumption and evaluate the energy performance of their location.
PLACETECH
The pandemic crisis is the latest in a series of events that includes the oil dispute between Russia and Saudi Arabia which show how cities rely too much on the wider world. This presents challenges to ensuring they continue to function properly and serve their inhabitants effectively. Add cities’ commitments to the climate and the broader environment and the need for self-sufficiency looks even more urgent.
THEINVESTORJLL
Proptech funding in the Asia Pacific region declined last year, a sign of general caution among investors toward the tech industry after a years-long boom. Proptech start-ups raised US$625.9 million in 2019, compared to a record US$1 billion in 2018, according to data from tech media company Tech in Asia. The decline comes as investors take a step back after years of growth in a commercial real estate industry that has come to embrace technologies like artificial intelligence and augmented real…
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