Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Crunchbase
June was the most active month for tech layoffs so far this year, with at least 75 reports of U.S.-based tech companies initiating layoffs, according to a Crunchbase News analysis of aggregated layoff data. At least 143 U.S. tech companies have laid off more than 24,000 people so far this year, and it’s unclear when the cuts will slow down.
The Real Deal
The giant sucking sound in the home loan industry grew louder Wednesday when Sprout Mortgage told employees it’s going out of business.
JLL Spark
SAN FRANCISCO, Jun. 29, 2022 – JLL Spark Global Ventures, the corporate venture arm of JLL, is marking the fourth anniversary of the launch of its global fund by announcing that it has invested over $340 million across 40+ proptech startups since June 2018.
Equiem
For too long, managing commercial buildings has been complicated by tangled webs of conflicting systems. Now, Equiem One brings TenX, building ops, and analytics together in a single, streamlined package. Workplace Experience innovator Equiem has just announced Equiem One, billed as the next great leap for the industry. The powerful new tool aims to bring every element of the commercial space onto a single, powerful platform that can be shared by every stakeholder within the workplace ecosystem…
CREtech
Join us in New York City on October 12th and 13th for two days of the most exciting in-person event in the world of real estate technology and innovation. No other event brings together so many landlords, asset managers, brokerages, construction companies, tech startups, venture capitals, thought-leaders, and more all under one massive roof.
TechCrunch
YC-backed climate tech startup Pina Earth has closed a $2.5 million seed round of funding a year after being founded and a few months since it presented at the accelerator’s Winter 2022 Demo Day in March.
GlobeSt
Microshare announced a new app: React-M, which “pushes recommendations, alerts and scoring data directly to relevant teams and professionals, allowing for prompt and targeted reactions and providing an important link between the Internet of Things (IoT) data that Microshare’s solutions produce and Business Process Management (BPM) programs,” according to a company press release.
PlaceTech.
Maurice Grassau, CEO of Architrave, cuts through the buzzwords and hype to explain what machine learning is and what its use is in real estate.
Crunchbase
As inflation continues to push energy prices higher, and both consumers and companies look for ways to cut carbon emissions, investors’ interest in energy and ways to cut down on the use of fossil fuels was high this week. Three startups in the ecosystems of energy and carbon emissions made it into the top five. While companies in that realm did well, it was another slow week in funding. The final four companies made the list with raises less than $100 million. …
PlaceTech.
In a new series exploring the depth of market insights among tech providers, Coyote shows what its data can tell us about office rents since the start of the pandemic. Coyote’s software helps real estate teams store, manage and analyse any data relevant to them (such as leases, occupancy and deal pipeline). By extension, it gives Coyote itself a deeper understanding of market trends.
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