Latest Trends and Insights in Real Estate Technology

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  • TrueHome snags US$8.8 million with Class 5 Global and monashees

    CONTXTO

    Mexican proptech TrueHome had been quiet about its latest equity raising, but the startup revealed today (8) that it raised US$8.8 million in a Series A round. Class 5 Global and monashees co-led the investment. They were joined by FJ Labs and Mountain Nazca. In the latter’s case, this is the second time it’s invested in the proptech. TrueHomehad previously raised a seed round for US$1.3 million with this Mexican venture capital (VC) firm.

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  • PlanRadar Raises Series A Funding Round Of €30 Million To Boost Digital Transformation In Construction And Real Estate

    CRETECH

    MARCH 2020, NEW YORK PlanRadar, Europe’s leading PropTech SaaS solution for digital documentation & communication in construction and real estate projects, has secured €30milion in Series A funding. The milestone deal comes at a time when the $10tn global industry’s productivity slump continues to stunt sector growth, with reports showing the potential for a massive $1.6tn in added value if properly modernised. This is a flagship deal for the German-speaking region in which the Viennese comp…

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  • Demand for flexible space transforming office markets

    JLL

    Tenant demand for more flexible space options is forcing a dramatic shift in the office market as building owners adapt to occupier needs. In the U.S., the flexible space sector has grown at an average annual rate of 23% since 2010. That compares with just 1% average annual occupancy growth in the broader office market. Industry giants WeWork and IWG control approximately half of the flexible space market by rentable building area, but there are many other flexible space operators worldwide….

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  • Five raises $41 million to commercialize its self-driving technology

    VENTUREBEAT

    Five has raised $41 million in venture capital as the startup seeks to turn the self-driving research it has conducted into commercial products and services. The U.K.-based startup has created a technology stack to power autonomous vehicles. The company uses AI and machine learning that would let cars use simpler maps to navigate their surroundings. By reducing the complexity of the technological challenges, the company hopes to accelerate the deployment of autonomous vehicles.

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  • Airbnb-backed Lyric lays off 20% of staff

    THEREALDEAL

    The San Francisco-based company, which partners with multifamily landlords to offer apartments to business travelers, laid off at least 25 of its 120 staffers on February 5 amid a “downsizing and restructuring” whereby it also plans to close nearly 200 units nationwide, sources said.

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  • CREtech Weekly PropTech Venture Capital Funding Recap

    CRETECH

    DRIVING HEADLINES This week in real estate tech witnessed several mega-rounds in the U.S. and China. In addition to the sudden rise in the total funding amount and dollar volume, the total deal volume also increased this week and was spread across different cities, globally. The more notable rounds of capital went to real estate brokerage platforms, autonomous vehicles and smart home technologies.  The largest announced mega-round went to Beike, a Chinese real estate brokerage platform also …

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  • Chinese property platform Beike nets $2.41b in Series D+ round ahead of HK IPO

    DEALSTREETASIA

    Beike Zhaofang, a Chinese real-estate brokerage platform also known as Ke.com, has garnered $2.414 billion in a Series D+ round of financing from a battery of marquee investors including SoftBank, Tencent, Hillhouse Capital and Sequoia Capital China.

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  • How Real Estate Will Drive Smart Home Adoption

    FORBES

    The Consumer Electronic Show of 2020 (CES) was another amazing display featuring over 170,000 guests crammed into Las Vegas to explore what’s next in the decade ahead. When it comes to smart homes, there was almost no category unturned. Appliances, toilets, mirrors, garage openers, door locks, shower heads and security systems were all once again on display. All were connected, many could be voice activated, and it’s getting easier to see a future where fully integrated smart homes connect de…

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  • Construction Industry Weighs Building Lifespan to Fight Climate Change

    GLOBEST

    NEW YORK CITY – Increased climate change concerns in the industry have stakeholders considering the lifespan of buildings more closely to make sure they’re flexible for many uses and serve the lifespan intended for its use to cut down on carbon emissions and waste that arises from the construction process, Julian Anderson, president of Rider Levett Bucknall North America, a cost and project management and advisory services, tells Globest.com. …

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  • WeWork Real Estate Exec Resigns, Says Lease Model ‘Not The Right Alignment’

    BISNOW

    Lawrence Gellerstedt, WeWork’s vice president of real estate who oversaw its expansion in the Southeast, has left the company, he told Bisnow Monday. The son of former Cousins Properties CEO Larry Gellerstedt resigned from WeWork March 1 after nearly two years. During that time, Gellerstedt helped WeWork enter into 25-plus leases encompassing more than 1.5M SF throughout the Southeast, he said.

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