Latest Trends and Insights in Real Estate Technology

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  • HousingAnywhere Acquires Studenten

    FINSMES

    HousingAnywhere, a Rotterdam, The Netherlands-based housing platform, acquired Studenten WG, a Hanover, Germany-based classifieds website. The amount of the deal was not disclosed. With the acquisition, HousingAnywhere, which has an existing leadership position in cities like Berlin, Vienna, and Rotterdam, will immediately gain market share in an array of German cities. Following it, both tenants and landlords advertising on Studenten-WG will be directed to the HousingAnywhere platform, where th…

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  • Austin is Becoming a Real Estate Technology Hub

    SILICONHILLSNEWS

    The Future of Real Estate Summit took place at the Hotel Van Zandt last Wednesday in the Rainey Street District. The 4-Star boutique hotel, which opened in 2015, is a symbol of the transformation that has taken place in downtown Austin in the last decade. The neighborhood once filled with single-family homes is now an entertainment district with bars and restaurants and several high-rise hotels and condominium projects under construction or just completed. Across the street from the 16-story Hot…

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  • Truss Hires Longtime Sales Veteran

    CRETECH

    Truss, the first online marketplace for coworking and office space, has hired Kathryn Garrison as vice president of sales. Garrison has more than 15 years of sales and business development experience. Most recently, she was a senior director of strategic partnerships and business development at Brookfield Properties, exceeding national growth expectations. She also was a national sales manager in the Tribune Company with a proven track record of increasing revenue across several verticals includ…

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  • TestFit Announces $2 Million Funding Boost

    ARCHITECTMAGAZINE

    TestFit Inc., the world’s first powerful building configuration software leveraging practical generative design, announced today it has secured $2 million in seed funding from Parkway Venture Capital LLC. Experts in rapid real estate prototyping, architectural site analysis, and feasibility studies simulation and automation, the Dallas-based startup plans to expand its multifamily housing customer base into architectural, real estate developer and general contractor markets with an ultra-efficie…

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  • Placer.ai’s analytics tool for retail and hospitality raises $12m

    SILICONREPUBLIC

    Placer.ai has announced that it raised $12m in its Series A round of funding, which was led by JBV Capital. There was additional participation from Aleph, Reciprocal Ventures, OCA Ventures, the start-up’s existing investors and a group of new strategic investors. The funding will be used to help grow Placer.ai’s operations in the US, and to expand the company’s R&D efforts to drive new product features and capabilities.

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  • AI startups raised $18.5 billion in 2019, setting new funding record

    VENTUREBEAT

    While overall U.S. venture capital funding dipped in 2019, the artificial intelligence sector bucked this trend by reaching a new annual high for money raised by startups. According to 2019 data from the National Venture Capital Association, 1,356 AI-related companies in the U.S. raised $18.457 billion. That topped the 1,281 companies that raised $16.8 billion in 2018, according to the Q4 2019 PitchBook-NVCA Venture Monitor.

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  • Proxyclick raises $15M to expand further into the US and other markets

    CRETECH

    Proxyclick, the leading provider of enterprise visitor management software1, today announced that it closed a $15 million Series B funding round led by Five Elms Capital with participation from Series A investor JOIN Capital. The investment will fund Proxyclick’s accelerated product roadmap and momentum of its sales and marketing reach worldwide, especially in the US—its biggest market. “Proxyclick achieved market leadership with very limited means, and we are excited to help them accelerate …

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  • WeWork’s smaller rivals are flashing warning lights

    PITCHBOOK

    Flexible leasing startups are scaling back after a decade of breakneck growth. WeWork rival Knotel on Friday confirmed layoffs following a report in The Real Deal that it was shedding up to a third of its New York employees. The company declined to publicly confirm exact figures but said the number of employees affected was far less than a third of the staff. Knotel’s lease activity dropped roughly 80% in Q4 2019 to just 67,186 square feet during the quarter—its lowest level in two years—accordi…

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  • SiteMinder raises $70M at $750M valuation after cresting $70M ARR in 2019

    TECHCRUNCH

    Today SiteMinder, an Australian software company focused on the hotel industry, announced a $70 million (USD) round that values the company at $750 million. That’s about $1.08 billion in Australian dollars, making the firm a Down Under Unicorn, even if it’s a bit shy here in America. According to SiteMinder, the round was “led by equity funds managed by BlackRock.” The company has previously raised capital from TCV and Bailador.

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  • CREtech To Spotlight Multifamily Tech At Upcoming Austin Conference

    CRETECH

    CREtech (cretech.com), the leading global conference and research company devoted to innovation in the Built World, will be highlighting the leaders in Multifamily tech at its first event in 2020. To be held in Austin, Texas on April 22nd and 23rd, the event will feature the largest and most active landlords/developers, investors and managers in the Multifamily sector sharing their companies tech initiatives, overall strategies and predictions on future trends that will impact the commercial rea…

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