Latest Trends and Insights in Real Estate Technology

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  • CREtech, Colliers and Techstars Co-Host Upcoming Proptech Summit in Toronto, Canada

    CRETech

    Michael Beckerman, CEO, CREtech and Ben Liao, Managing Director of the Colliers Proptech Accelerator powered by Techstars to Co-Host Event on December 5th CREtech (cretech.com), the leading commercial real estate technology conference and data company, in conjunction with Colliers and Techstars have announced they will Co-Host the upcoming Proptech Summit to be held in Toronto on December 5th from 1pm-4pm. An All-Star lineup of thought-leaders and influencers in the commercial real estate tec…

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  • Jared Kushner Helped Put Cadre on the Map, Then Held It Back

    BLOOMBERG

    SoftBank wanted Kushner to divest. He wouldn’t, and deal talks died. It was a missed opportunity for a start-up beset by tech limits, high turnover and unfulfilled promise. Executives at Cadre eagerly watched SoftBank’s Vision Fund dole out billions of dollars to companies like Uber, WeWork and Slack Technologies. Then they got their chance. After presenting Cadre’s real estate platform and its budding technology to the fund’s representatives in New York, CEO Ryan Williams flew to Tokyo in…

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  • WeWork Lost $1.25 Billion in Third Quarter

    NYTIMES

    The rapid expansion of WeWork’s office-space empire caused the company’s losses to more than double in the third quarter, according to a company presentation. WeWork lost $1.25 billion in the three months that ended in September, up from $497 million in the same period a year earlier, according to the document, obtained on Wednesday by The New York Times. Revenue increased about 94 percent, to $934 million. The numbers show why WeWork’s planned initial public offering flamed out so spectacularl…

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  • Ex-Uber Team Starts a Kitchen Rental Business to Rival Travis Kalanick’s

    BLOOMBERG

    The small industrial kitchen located under a concrete maze of freeways in Oakland, California, doesn’t look like much. The former Uber Technologies Inc. employees who occupy the space picked it because it’s cheap (by Bay Area standards) and conveniently located for drivers to pick up food for nearby customers ordering from delivery apps like Uber Eats. Their startup, Virtual Kitchen Co., is one of many entrants in a crowded field of companies renting kitchen space to restaurants desperate to…

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  • Salesforce Ventures Launches $50M Consultant Trailblazer Fund

    FINSMES

    Global CRM company Salesforce, announced that Salesforce Ventures, its global corporate investment group, has launched a new $50m Consultant Trailblazer Fund. The new fund will provide the next generation of cloud consulting companies and digital agencies with the capital required to build and scale their Salesforce services capabilities for the future. The Consultant Trailblazer Fund will support the Salesforce ecosystem with capital and resources, enabling partners to deliver personalized e…

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  • OMERS Ventures Adds Experienced Partner Focused On Canada As Firm Preps For Global Fund

    BETAKIT

    OMERS Ventures has a new addition focused on funding the firm’s back yard. Laura Lenz joins the venture capital arm of one of Canada’s largest pension funds as partner, tasked with leading investment activity across the country. Formerly of EdgeStone Capital Partners, MaRS IAF, and most recently, Generation Ventures, Lenz brings with her almost two decades of venture experience north and south of the border, across private, government, and family capital. Over the years, she has had her hand inv…

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  • How real estate investors are banking on technology to deliver profits

    MIAMIHERALD

    In the future, potential renters may visit available units, apply for leases and execute paperwork without ever seeing a human being. That’s what PropTech investor John Helm is banking on. Helm is the managing director for Real Estate Technology Ventures (RET Ventures), an industry-backed early stage investor fund. He made his prediction of human-free leasing during a panel Wednesday at the Urban Land Institute Miami fall symposium. Cutting leasing staff can significantly trim expenses for an…

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  • Alexa von Tobel And Penny Pritzker Raised $200 Million For Their Venture Firm Inspired Capital

    FORBES

    LearnVest founder Alexa von Tobel and former U.S. Secretary of Commerce and billionaire heiress Penny Pritzker have raised $200 million for their venture firm Inspired Capital, the company announced on Tuesday. It is one of the biggest debut funds out of New York and an especially significant raise for a female-founded firm. Only 29% of venture capital firms with $100 million to $250 million in assets have any female check-writers, according to Pitchbook and All Raise’s recent report.

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  • WeWork’s China Rival Targets U.S. Listing in December

    BLOOMBERG

    Ucommune, the largest rival to WeWork in China, plans an initial public offering in the U.S. in December even as the better-known competitor still recovers from its botched IPO, according to people familiar with the matter. The first-time share sale of the Chinese office-sharing provider could raise about $100 million, said the people, asking not to be identified discussing private matters. The four-year-old company is considering a public IPO filing as soon as the week after next, one of th…

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  • Qualia Raises Tiger Global-led $55M Series C For Real Estate Closing Software

    CRUNCHNBASE

    Anyone who has bought a home knows that the sheer amount of paperwork involved in closing the transaction is not only overwhelming, but almost enough to deter you from ever doing it again. As a result, we’ve seen an increasing number of startups pop up that are focused on simplifying this laborious process. (We wrote about one, for example, last week).  This morning, one such company, San Francisco-based Qualia, announced it has raised a $55 million Series C to further its efforts along. Tiger G…

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