Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
YOUTUBE
Hundreds of industry professionals, investors and technology leaders were on hand to watch 10 pitches from the Colliers Proptech Accelerator Powered by Techstars Class of 2019. Check out our recap of Demo Day 2019!
TECHEU
Capmo, a Munich-based digital construction software, has secured a €5 million Series A, led by Capnamic Ventures and angels from Munich’s Center for Digital Technology and Management network. Existing investors UVC Partners and HW Capital also participated. The German startup has created a cloud-based SaaS tool that serves as an operating system for construction sites. Legacy construction software is highly complex and built for desktop use, so for many site managers, it’s inaccessible in mor…
TECHCRUNCH
Industrial robots are expensive. But, then, so are construction mistakes. Being off by an inch here or there adds up quickly, and too often crews need to correct costly errors. There’s a reason construction has become the next great target of the robotics and automation industries, with a number of startups vying to create solutions that can constantly monitor sites to detect mistakes before it’s too late.
NYTIMES
Poised on a cliff above First Avenue, Tudor City was conceived during the 1920s by the storied developer Fred F. French as a high-rise community for thousands of middle-class residents. A century later, it remains a throwback to the early glamour days of skyscraper living: a dozen brick towers fancifully decorated with half-timbered lobbies, stone crests and other mock-Tudor details.
REALASSETS
Real estate fund manager Patrizia has acquired a real estate crowdfunding platform that recently went into administration. The German-based company has bought BrickVest, a proptech business that was created in 2014 to enable individuals to participate in institutional-grade real estate deals. BrickVest raised close to £12m (€14.1m) and made a number of real estate deals before going into administration. It is the latest move by Patrizia into the burgeoning proptech sector. Last year, it invested…
PROPERTYWEEK
The goal for the fund would make it Pi Labs largest to date—five times the value of Fund 2. “The success of our first close of Fund 3 firmly cements our position as one of the leading European proptech VCs,” said Faisal Butt, chief executive, chairman, and founder of Pi Labs. “It is testament to the continued appetite for institutional capital to be invested into proptech.” In June 2019, Butt said Pi Labs would double the number of startups it funds over the next five years, giving each funding…
TECHCRUNCH
Japan’s tourism industry is booming, but it faces a hotel room shortage, especially in Tokyo as the country prepares for the Summer Olympics. H2O (the name stands for Hospitality 2.0) addresses the market opportunity with a platform that helps vacation rental owners manage their properties. The startup announced today it has raised $7 million in Series B funding from Samsung Ventures, Stonebridge Ventures, IMM Investment and Shinhan Capital, bringing its total raised to $18 million.
GLOBEST
Law firms have been one of the mainstays in traditional office space; however, that trend may be shifting. Law firm leasing expert Jonathan J. Larsen at Avison Young, has seen more law firms considering small and more efficient workspaces. “I am seeing one broad trend among the majority of law firms—they are seeking smaller, more efficient and flexible office spaces,” Larsen, a principal, managing director and member of the US executive committee at Avison Young, tells GlobeSt.com. “This tre…
CRETECH
For the past decade, North America has been dominating headlines within the real estate technology (proptech) industry. Venture capital interest in proptech companies has seen a steady increase in the last few years, more so in North America than any other continent. This surge in interest is partly driven by the proliferation of companies that aim to transform the real estate landscape in the U.S.
BISNOW
A lean, tech-oriented hotel operator, Life House, has raised $30M in a Series B funding round, it announced this week, which comes as its business model is being put to the test. Life House’s model is to be hired by independent hotels, do a cosmetic refresh and use proprietary software to operate the property with minimal staff. At a typical Life House hotel, there may be just housekeepers and a community manager to welcome people and troubleshoot on-site. Functions like booking, check-in, accou…
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