Latest Trends and Insights in Real Estate Technology

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  • Austin-based FlashParking raises $60 million for parking management technology

    TECHCRUNCH

    FlashParking, an Austin-based developer of parking management software and services, has raised $60 million in new financing from the private equity investment firm L Catterton. The company’s software, first launched in 2011, provides real-time data and variable pricing options for parking space providers. FlashParking’s CEO and co-founder, Juan Rodriguez, envisions his company’s software and services as the cornerstone for a new kind of hub encompassing several different modes of transportation…

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  • Automation Is Coming for Commercial Real Estate

    GLOBEST

    Much has been written about the impact automation will have on the global workforce, with manufacturing and related occupations expected to be heavily affected. More recent studies, such as one from Brookings Institution that came out last year, suggest that higher-wage occupations will feel the impact as well.

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  • Six proptech startups to watch in 2020

    AFR

    The demise of two global players marked a reality check for the fast-growing property disruption game in 2019. In May, UK hybrid estate agency Purplebricks quit Australia after a disastrous two-and-a-half years where it racked up massive losses, numerous scandals and where its market value on the London Stock

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  • CREtech Austin To Spotlight Increasing Mergers & Acquisitions in the Real Estate Tech Sector

    CRETECH

    CREtech (cretech.com), the leading global conference and research company devoted to innovation in the Built World, will be showcasing a panel of the most active companies in the real estate tech M&A space at its first event in 2020. To be held in Austin, Texas on April 22nd and 23rd, the panel will feature the largest and most active companies focused on mergers and acquisitions spanning the investor, commercial, residential/multifamily, maintenance/buildings, workplace and data perspective…

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  • MRI Software Receives Investment from Harvest Partners and TA Associates

    FINSMES

    MRI Software, a Solon, Ohio – based provider of real estate software solutions, received an investment from funds managed by Harvest Partners, LP, along with TA Associates. The amount of the deal was not disclosed. The company intends to use the funds to bolster innovation across its end-to-end offering, accelerate growth, and extend its global presence. Led by Patrick Ghilani, Chief Executive Officer, MRI provides real estate companies with real estate software applications and hosted solutions…

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  • Startups smash annual record for VC-backed exit value with 2019’s IPO onslaught

    PITCHBOOK

    Venture-backed startups proved their worth in 2019 by following through on successful exit strategies, despite a slowdown in activity near the end of the year. The value of all exits for venture-backed companies, which includes IPOs, buyouts and acquisitions, hit a record $256.4 billion across 882 deals, according to the 4Q 2019 PitchBook-NVCA Venture Monitor. That value was nearly double the $130.2 billion in 2018, which was itself a record at the time.

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  • WeWork lease-signing sinks to five-year low in New York

    THEREALDEAL

    WeWork appears to be pulling back in two major markets after a chaotic close to the year. The number of leases it signed in New York and London slumped in the final quarter of 2019, Bloomberg reports, citing data from CoStar Group. The 64,000 square feet of space WeWork leased in Manhattan represented the lowest in more than five years. In London, its 49,000 square feet leased were the fewest since the 2016 Brexit vote.

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  • This just in: Zillow co-founder launches LA-focused tech industry news site

    THEREALDEAL

    Spencer Rascoff, who co-founded Zillow and was its CEO for nearly a decade, is the ultimate tech industry insider. Rascoff’s newest venture then, doesn’t seem like such a leap. Nearly a year after he left as head of Zillow, Rascoff will launch a news site dedicated to covering the Southern California technology industry, with a focus on Los Angeles. Rascoff introduced the site, dot.LA, in a press release on Thursday. The Los Angeles Times first reported the story.

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  • Oyo Scales Back as SoftBank-Funded Companies Retreat

    NYTIMES

    Oyo, once one of India’s fastest-growing tech start-ups, is now rapidly scaling back. In recent weeks, Oyo, a budget hospitality company, has pulled out of dozens of cities, cut thousands of hotel rooms, started laying off employees and slashed other costs as it faced pressure from its biggest investor, the Japanese conglomerate SoftBank, to curb vast operating losses. The retreat has been swift and sweeping. In India alone, Oyo has lost more than 65,000 rooms — or about a quarter of what it had…

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  • Nestio Hires Heavy Hitter Patrick Kennedy and Promotes Tyler Christiansen to Chief Operating Officer to Expand Footprint for New Product, Funnel.

    FUNNEL BY NESTIO

    Nestio has just announced two exciting organizational enhancements to kick off 2020. Patrick Kennedy has joined the company as VP of Sales and Tyler Christiansen has been promoted to Chief Operating Officer. Patrick joins from Qualtrics, the Utah-based tech giant, and will be working alongside Tyler, industry vet Stephanie Brown and the company’s revenue team to grow the footprint of its national multifamiily product, Funnel.

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