Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
FINSMES
UrbanFootprint, a Berkeley, Calif.-based location intelligence and urban planning software platform provider, raised $11.5m in Series A funding. The round was led by Valo Ventures with participation from Social Capital and new partner Radicle Impact. The company intends to use the funds to advance its offerings and grow its customer base of cities, urban planners, and companies across the energy, mobility, and real estate sectors.
THEREALDEAL
Last fall, a Cincinnati council member pitched housing legislation to a room full of elected officials. Dubbed “Renter Choice,” it would require landlords and property managers to offer alternatives to cash security deposits. Cincinnati has since passed a version of the bill, and at least five other states got started on their own. New York City is now considering joining their ranks.
THEREALDEAL
Redfin’s losses nearly doubled to $81 million in 2019, but there was a silver lining to be found on Wednesday. The Seattle-based discount broker said in its quarterly earnings call that it narrowed its net loss to $7.8 million from $12.2 million during the fourth quarter, thanks to better margins. During the quarter, revenue also rose 88 percent year-over-year to $233 million.
PLACETECH
Ex-HB Reavis business development analyst, Eugene Tavyev, has launched a search platform aimed at helping firms find workspace, dealing directly with office hosts. Spacepool, based in London, seeks to connect independent flexible workspace operators with companies by helping to find the right space based on their selected criteria and removing the need for an agent. Tavyev, who has funded the start-up with backing from an unnamed angel investor, said: “We’ve addressed the gap in the office searc…
A16Z
0/ There is a dazzling amount of inconsistency in what GTM (go-to-market) metrics are presented at board meetings of early stage B2B (business to business) companies. Here is my hit list of the most important, and why: 1/ CARR – Total contracted annual recurring revenue is the single best metric for the health of a business. It encapsulates new logo growth, expansion, and churn in a single number. If you only show one number, use this one.
GLOBEST
NEW YORK CITY- Brookfield Properties is buckling down on its sustainability strategy. The Canadian-headquartered asset management firm has zeroed in on upgrading its Brookfield Place Central Plant to reduce its carbon footprint, increase energy efficiency and lower overhead costs, Daniel Kindbergh, executive vice president of operations at Brookfield Properties, tells GlobeSt.com.
NOVACREDIT
We’re thrilled to share that we just raised a $50M round led by Kleiner Perkins to finally make the global consumer credit reporting system whole. Our Series B included major participation from our friends at Canapi Ventures and existing investors General Catalyst, Index Ventures and NYCA Partners, without whom we wouldn’t have made it this far. We also welcomed Avid Ventures, Endeavor, Susa Ventures and Sound Ventures, with some folks you may have heard of: baseball legend Alex Rodriguez and t…
ENERGY
The U.S. Department of Energy’s (DOE’s) Building Technologies Office (BTO) awarded $26.3 million to 40 competitively selected projects, led by 29 organizations, to pursue innovations that can advance the goals of BTO’s Advanced Building Construction with Energy-Efficient Technologies & Practices (ABC) Funding Opportunity. The funding opportunity underpins the Advanced Building Construction Initiative, one of BTO’s principal efforts to unlock deeper energy savings in the U.S. building sector,…
BISNOW
Commercial property giant Tishman Speyer has started offering its suite of health, wellness and safety services, which it calls Zo, to construction workers at the company’s new developments. Previously, Zo was available to Tishman Speyer office tenant workers. The move comes as developers struggle to find and retain skilled construction workers for their projects. About 61% of construction companies say they are experiencing a high level of difficulty in finding skilled workers, according to the…
SKIFT
Vacasa‘s board of directors has hired headhunters to find a replacement for CEO Eric Breon. They have chosen Matt Roberts, former OpenTable CEO and current independent director on the Vacasa board, as interim CEO. Since founding Vacasa in 2009, Breon has led day-to-day operations at the vacation rental property management service. He’s helped the company raise a total of $526.5 million in private equity funding — more than any other startup of its category. Breon will stay on Vacasa’s board of d…
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