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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  • Flush with Cash from Target, Startup Attacks Rental Headaches

    NREI

    When Bill Smith moved to San Francisco in 2016 to work on his grocery-delivery startup, the most annoying part was finding an apartment. Poring through rental listings in an unfamiliar city, calling the gas company, waiting for an internet connection — the entrepreneur had little patience for any of it. So, after Smith sold his company, Shipt, to Target Inc. in 2017 for $550 million, he decided to use some of that cash to do something about it.

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  • Brad Greiwe | Co-Founder & Managing Partner at Fifth Wall

    LEADINGVOICESPODCAST

    Disruptors in real estate, particularly in the PropTech sector, are topics that Matt has tackled on several Leading Voices in Real Estate episodes, including with guests like Clara Brenner, the co-heads of Lyric, Jamie Hodari, and Chip Conley. He expands on this conversation with Brad Greiwe, Co-Founder and Managing Partner of Fifth Wall, the largest venture capital fund focused on the global real estate industry and property technology. Still in his 30s, Brad already has substantial career achi…

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  • CasaOne Raises $16 Million Series B Financing Round Led by Accel for Expansion

    BUSINESSWIRE

    CasaOne, the San Francisco-headquartered furniture rental company, announced it has completed a $16 million Series B round of financing. Accel led the investment round with participation from return investors JLL Spark, Freestyle Capital, NextWorld Capital, and Array Ventures. New investors include Quiet Capital, HNI and WeWork and a few prominent angel investors including Lydia Jett from Softbank’s Vision Fund. This round of financing will help CasaOne expand to new geographies, further invest …

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  • SoftBank-backed Katerra co-founder leaves company’s board

    THEREALDEAL

    One of Katerra’s co-founders and board members has quietly left the construction tech startup amid reports of layoffs and abandoned projects. Fritz Wolff, who also heads his family’s eponymous private equity firm, the Wolff Company, is no longer a board member but “maintains an advisory role as a co-founder of Katerra,” a company spokesperson confirmed on Monday. Wolff disappeared from Katerra’s website sometime in the past month. He could not immediately be reached for comment.

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  • Cashierless Amazon Go Plans Pop-Ups, Larger-Format Stores In 2020, Explores Licensing Deals

    BISNOW

    Amazon’s invasion of the grocery store industry could begin in earnest next year. The e-commerce world-conqueror has been testing a 10K SF version of its cashierless Amazon Go convenience store in Seattle’s Capitol Hill neighborhood, and could roll out the concept in a nationwide expansion as soon as the first quarter of 2020, Bloomberg reports. The new format could reportedly apply to stores as large as 30K SF, the size of many grocery stores.

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  • After WeWork, SoftBank’s Startup Bookkeeping Draws Scrutiny

    BLOOOMBERG

    In early 2018, the founders of Chinese artificial intelligence startup SenseTime Group Ltd. flew to Tokyo to see billionaire investor Masayoshi Son. As they entered the offices, Chief Executive Officer Xu Li was hoping to persuade the head of SoftBank Group to invest $200 million in his three-year-old startup. A third of the way into the presentation, Son interrupted to say he wanted to put in $1 billion. A few minutes later, Son suggested $2 billion. Turning to the roomful of SoftBank managers,…

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  • Hospitality Influences Multifamily in a Big Way

    GLOBEST

    Concierge and housekeeping services that mirror the hospitality industry are increasingly catching on in the multifamily world. One hotel-inspired services firm, Spruce, allows residents to access an array of services including daily chores, housekeeping, pet care (dog walking, pet sitting, etc.), along with laundry and dry cleaning through its app. Spruce’s daily chores service includes more than 15 unique services such as folding clothes, washing dishes, making the bed, cleaning a single room,…

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  • Leavy.co, the app for millennials who want to rent out their room while travelling, discloses $14M funding

    TECHCRUNCH

    Leavy.co, the Paris-born startup that offers a travel app for millennials to help them travel more without getting into further debt, has quietly raised $14 million in funding. The investment — which is pegged as a seed round and actually closed in January! — is led by Dutch investor Prime Ventures, with participation from angel investor Dominique Vidal (who is also a partner at Index Ventures). Pieter Welten, a partner at Prime Ventures, has taken a seat on Leavy’s board. Founded in 2017 by CEO…

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  • This Is How Coworking Firms Go Bust

    BISNOW

    WeWork’s finances have grabbed all the headlines, but while the U.S. giant was trying and failing to raise money in an IPO, two smaller UK coworking companies entered insolvency proceedings. One of them, The Clubhouse, has been bought by global giant IWG, which has taken over its four London sites. But the report by administrators at RSM into its demise paints a picture of how the company ended up in administration, and can serve as a cautionary tale for landlords when assessing the financial st…

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  • Related, Block Capital sign deal with short-term rental operator

    THEREALDEAL

    Short-term rental operator Domio is claiming its territory in Wynwood. The firm signed a deal to take over the residential component of the Related Group and Block Capital Group’s 175-unit project, The Real Deal has learned. Domio signed a lease for the apartments at The Bradley, a mixed-use project under construction at 51 Northwest 26th Street. Lenny Kravitz’s Kravitz Design is designing the amenity spaces and public areas. Arquitectonica is the architect. Domio competed against companies such…

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