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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  • San Diego-based Founders First Capital Partners gets $100 million for revenue-based fund

    TECHCRUNCH

    Founders First Capital Partners, an accelerator and investment firm that provides revenue-based financing to businesses led by “underrepresented entrepreneurs” operating in underserved markets, has received a $100 million commitment to expand its operations. The San Diego-based investor raised the debt financing from Community Investment Management, a large debt-focused impact investment fund. The revenue-based financing model is a new one that several startups are beginning to explore as a way …

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  • SoftBank’s Vision Fund reportedly aiming $150M at construction industry platform EquipmentShare

    CONSTRUCTIONDIVE

    SoftBank Group Corp.’s Vision Fund, according to a report from Forbes, is in negotiations to lead a new $150 million investment round into Missouri-based startup EquipmentShare. Forbes said it is basing its report on a review of prospectus documents. EquipmentShare, which is an equipment rental marketplace that also provides telematics and equipment utilization services, has had sales this year five times higher than the last and is expected to double that next year. A $150 million round would g…

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  • Curbio is partnering with a local luxury real estate firm

    TECHNICAL

    Potomac, Maryland-based Curbio has launched a strategic partnership with D.C.-based TTR Sotheby’s International Realty, a luxury real estate firm. Through this partnership, TTR Sotheby’s International Realty agents will gain access to marketing resources and trainings from Curbio to “help them win listings and educate their seller clients on the benefits of renovating before selling their homes,” according to a press release. Founded in 2017, Curbio curates a platform to help realtors manage ren…

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  • Why Compass, @properties and tech startups are diving into bridge loans

    THEREALDEAL

    Once the gatekeepers to sales listings, real estate agents are increasingly in front of another key aspect of the home-buying process: the financing. To help clients increase their purchasing power, a number of residential brokerages have launched bridge loan programs that let clients borrow money to pay for a new home before they sell their old one. In addition to boosting sales, the programs are a way for firms to distinguish themselves from the competition — which is increasingly coming in th…

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  • Digital Cities 2019 winners list highlights US innovation

    SMARTCITIESWORLD

    The cities of San Diego, Miami, Norfolk, Lynchburg and Weston have been recognised as leaders in smart city initiatives in the latest Center for Digital Government (CDG) Digital Cities Survey awards. Now in its 19th year, the annual survey recognises cities using technology to tackle social challenges, enhance services, strengthen cybersecurity and more.  “Congratulations to this year’s Digital Cities winners, who are working to make their communities more secure, user-friendly, efficient and re…

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  • Post-Car Real Estate Developer, Culdesac, Announces First Car-Free Neighborhood Built From Scratch in the U.S.

    YAHOO FINANCE

    The world’s first post-car real estate developer, Culdesac, today announced the company and its plans to build the country’s first car-free neighborhood from scratch in Tempe, AZ. Residents will not have private cars or parking, although the neighborhood will accommodate parking for visitors, and car-based modes of transportation, such as ridesharing. Unlike small-scale, incidental car-free communities—like old town centers or islands—Culdesac is the first developer to intentionally build a 1,00…

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  • Qualcomm: 5G will cover major metros in 2020, developing countries in 2021

    VENTUREBEAT

    Speaking at Qualcomm’s 2019 Analyst Day in New York City, Qualcomm president Cristiano Amon today offered a comprehensive visual roadmap for the global rollout of 5G networks, including country-by-country assessments of readiness. Amon notably suggested that the company expects 5G to become broadly available across major metropolitan areas in 2020, then spread thoroughly throughout developing countries in 2021. According to maps shown by Amon, the mid-band (sub-6GHz) flavor of 5G is going to spr…

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  • Austin-based Online Real Estate Brokerage REX Raises $40M More To Grow Its AI-driven Platform

    CRUNCHBASE

    REX, an Austin-based licensed residential real estate brokerage using AI and big data, has raised another $40 million in what it describes as a “C1” round.  The financing, an add-on from its $45 million Series C in January, brings the startup’s total raised since its inception in late 2015 to $115 million, according to Crunchbase data. A group of private investors including Sun Microsystems co-founder and former CEO Scott McNealy; Richard “Dick” Schulze, founder of Best Buy; Gordon Segal, founde…

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  • The New Trend in PropTech: RentTech

    GLOBEST

    The commercial real estate industry is undergoing a much-needed digital transformation, but John Helm, managing director of RET Ventures, thinks more investment is needed. “If you look at the data, most of the money is being funneled into just a few late-stage companies and sectors, such as co-working, construction and consumer-oriented categories,” he says. Helm thinks innovators need to look at RentTech, which he defines as any technology used to power multifamily or single-family rentals. RET…

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  • SoftBank’s Vision Fund In Talks To Invest In EquipmentShare, A Construction Startup With A Twist—Operating Profits

    FORBES

    SoftBank’s embattled Vision Fund isn’t done trying to mint new tech unicorns—if it looks like they’re at least close to turning a profit. Missouri-based EquipmentShare is in talks to raise at least $150 million in a new funding round led by SoftBank, according to prospectus documents viewed by Forbes. These indicate that the new round, if completed, would give the construction tech startup a post-money valuation of at least $1.5 billion and would increase the startup’s total fundraising to at le…

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