Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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  • This Drone-As-A-Service Startup Just Raised $32M

    CRUNCHBASE

    The network teamed up with Raleigh-based drone tech startup PrecisionHawk to use sensors to cut through the fog and canopy on the jungle floor. And according to to PrecisionHawk’s CEO, Michael Chasen, while the team came up treasureless, it explored areas unable to go by foot. PrecisionHawk just raised $32 million to help the commercial drone industry — get off the ground. Investors in the round include Millennium Technology Value Partners, Third Point Ventures, Eastward Capital Partners, and ot…

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  • The Money Men Who Enabled Adam Neumann and the WeWork Debacle

    WSJ

    In early October, WeWork’s board of directors trickled into a brick building in lower Manhattan where the startup had an office. After they took their seats around the conference room table, Mark Schwartz started to vent. “I’ve stayed silent too long,” the 65-year-old former Goldman Sachs Group Inc. partner told the six other men on the board, including WeWork’s co-founder and chairman, Adam Neumann. Mr. Schwartz aired his frustrations about the state of the company, which was perilously low on …

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  • Beyond WeWork: WhyHotel and the Promise of Real Estate “Fracking”

    MEDIUM

    Today, WhyHotel, one of Camber Creek’s portfolio companies, announced the close of its $20 million+ Series B funding round. WhyHotel, a hospitality company that operates pop-up hotels in new luxury residential buildings, partners with property owners to provide short-term rental options to hotel consumers during a building’s “lease-up” phase. The round comes after CNBC listed WhyHotel on their Upstart 100 list. To explain why we are so excited about WhyHotel, let’s take a small step back. A curr…

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  • VTS Retail Relaunches Following PropertyCapsule Acquisition

    THEREALDEAL

    VTS is shopping for new retail customers. The New York City-based prop-tech company is primed to roll out a package of software tailored to retail landlords early next month, according to CEO Nick Romito. The move signals a renewed effort from VTS to reel in major retail owners, fresh off the company’s $20 million acquisition of PropertyCapsule in October. Romito called it a “significant” investment that qualified as the company’s largest for a single new product.  

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  • Everyone’s rushing to be an iBuyer — except for Realtor.com

    THEREALDEAL

    It was February 2019 when Zillow co-founder Rich Barton reclaimed the CEO role in dramatic fashion, betting the future of the $8 billion company on instant home-buying. In the months since, the Seattle-based listings giant has made good on its promise to go head-to-head with competitors ranging from Opendoor and Offerpad, to Keller Williams and Realogy. But Zillow’s chief rival Realtor.com has remained conspicuously absent from iBuying, raising eyebrows among analysts and industry observers.

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  • Westfield Taps Verishop To Bring Digital Stores To Its Physical Malls

    BISNOW

    Major retail landlord Unibail-Rodamco-Westfield has inked a deal with Verishop, an e-commerce platform, to open 14 pop-up or inline retail concepts at eight Westfield shopping centers in the United States. The line between online and physical retail is increasingly blurry as new shops, or “digitally native vertical brands,” open in malls. Among others, eyeglasses seller Warby Parker, shirt seller Untuckit and lingerie shop Adore Me — all with origins online — have opened physical stores in recen…

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  • Shadow Ventures Announces New Leadership in New York, Los Angeles, Seattle, and Philadelphia

    PRNEWSWIRE

    Shadow Ventures, a U.S. based technology venture capital firm focused on investing in seed-stage startups disrupting the $40 trillion real estate and construction markets, announced today four new members for its Strategic Advisory Council. The members form an elite group of influential leaders with robust and diverse backgrounds, committed to the development of innovative technologies to advance the industries of the “built world.” The announcement was made by Shadow Ventures’ founder and CEO, …

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  • Hometap Raises $100M To Give You Cash For A Stake In Your Home

    CRUNCHBASE

    Owning a house is one of the biggest events in a person’s life. It’s no wonder then that a slew of startups have emerged in recent years with the goal of “streamlining” the home-buying process, or helping people more creatively fund their purchases or remodel their homes. Personally, I’ve covered the raises of no less than a dozen of said startups in 2019 alone. But the year’s not over yet, and this week, there was another big raise in the real estate space.  Boston-based Hometap, which is less …

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  • Safeway Owner, Rival Grocers Bet on Smaller Warehouses

    WSJ

    Food retailers are making big bets on small warehouses to bulk up their growing delivery businesses, as supermarkets try different approaches to get groceries to customers more efficiently. Albertsons Cos., Walmart Inc.  and other chains are building small fulfillment centers near existing stores and customers to quickly fill orders placed online. More grocers are choosing this strategy over the larger, remote distribution centers that KrogerCo. and Koninklijke Ahold Delhaize ADRNY NV’s Peapod d…

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  • WeWork And Ivanhoé’s $3B Property Buying Spree Is On Hold

    BISNOW

    As it went into the summer, WeWork had a big war chest of equity to spend on buying buildings it occupied. But as with much of its business, that strategy is now on hold. WeWork said in May that it was raising just shy of $750M of equity from investors for its own property fund, and announced it was setting up a joint venture with Canadian pension fund Ivanhoé Cambridge to invest up to $2.9B of equity in real estate assets. Ivanhoé was to provide $1B to the venture, called Ark, which would be ma…

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