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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  • WeWork Was More Black Swan Than Unicorn for SoftBank

    BLOOMBERG

    SoftBank Group Corp.’s WeWork debacle is unlikely to be repeated. It also means that for the Vision Fund to deliver venture capital-size returns, it’ll need to rely on singles and doubles instead of hitting home runs. That’s not because Masayoshi Son has learned his lesson. His defiance at an investor conference Wednesday, including almost an hour spent justifying the WeWork investment, tells me that SoftBank’s chairman hasn’t changed.

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  • Techspace Raises £5M in Funding

    FINSMES

    Techspace, a London, UK-based flexible workspace provider for scaling technology businesses, raised £5m in funding. The Noé Group’s venture capital arm, Goldacre, made the investment.The company intends to use the funds to expand its European presence over the next 12-18 months. Led by Rob Stevenson, Director, Techspace is a platform for scale-ups which works with technology teams to provide the workspace and resources they need to scale. Since taking an initial investment in 2016, the company h…

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  • Google is launching an accelerator for climate change startups

    BUSINESS INSIDER

    Google’s Sustainability Officer Kate Brandt on Tuesday announced a new startup program to help and encourage startups working on sustainability products. Startups hoping to create commercial businesses in the sustainability world face special problems, Brandt told the crowd in Lisbon attending the Web Summit tech conference, where the announcement was made. These startups struggle with everything from a lack of investors to difficulties finding other startups with similar goals. So Google is loo…

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  • Maas Global raises $33 million to bring multi-modal transport subscriptions to cities globally

    VENTUREBEAT

    MaaS Global, a Finnish startup that wants to bring a multi-modal subscription transport service to cities globally, has raised €29.5 million ($33 million) in a round of funding from BP Ventures, Mitsubishi Corporation, and Nordic Ninja — a Japanese VC fund that specifically invests in Nordic companies. Founded out of Helsinki in 2015, MaaS Global is better known for its mobile app Whim, which offers a range of subscription and pay-as-you-go plans allowing city travelers to book (and pay for) bus…

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  • Airbnb to Verify All Listings, C.E.O. Chesky Says

    NYTIMES

    Airbnb plans to conduct a comprehensive review of every property listed on its platform as part of a series of initiatives to give customers “peace of mind,” Brian Chesky, the company’s chief executive, announced at the DealBook Conference in Manhattan on Wednesday. By the end of next year, Mr. Chesky said, Airbnb will check the accuracy of photographs, addresses and other information posted with each property, as well as verify that the listings meet safety standards and that the hosts are who …

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  • CrowdStreet lands $12M in financing, hires execs

    THEREALDEAL

    It’s been a rough stretch for some real estate crowdfunding platforms, but one just scored new financing and three new execs. Portland, Ore.–based CrowdStreet landed $12 million in Series C financing, the firm said Wednesday, bringing its fundraising haul to $25 million since its 2013 launch. CrowdStreet said the investors in the new round include individuals, such as former ESPN chief marketing officer Carol Kruse, and commercial real estate sponsors. The company, which claims to have distribut…

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  • Uber’s Ex-CEO Kalanick Lands $400 Million for His Secretive Food Startup CloudKitchens

    TECHSTARTUPS

    Travis Kalanick, the co-founder and former CEO of Uber, has not been in the news lately. It turns out Kalanick has been busy working on his new secretive food startup, CloudKitchens. According to a report from Bloomberg, citing Wall Street Journal, Kalanick has just secured $400 million of funding from Saudi Arabia’s Public Investment Fund. The funding valued CloudKitchens at about $5 billion.Travis Kalanick is currently the CEO at City Storage Systems, a real estate investment startup that …

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  • CBRE and SemaConnect Complete Largest EV Charging Installation

    GLOBEST

    CBRE and SemaConnect, a North American commercial electric vehicle charging provider, have completed the installation of 1,100 electric vehicle charging stations, the largest in the nation. The installations were completed for Electrify America LLC. The stations are for a mix of public and private use, in either public lots or private garages.

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  • Finalists Announced for Inaugural Women In PropTech Global Awards

    WOMEN IN PROPTECH

    Winners will be unveiled at the Women In PropTech Awards Gala on November 14 as part of NYC Real Estate Tech Week NEW YORK (Nov. 05, 2019) – Women in PropTech, the leading global industry group for women in real estate technology, has announced the finalists for the Inaugural Women in PropTech Global Awards, recognizing global leadership in PropTech. Women in PropTech’s goal is to inspire the success of next-generation female leaders who are passionate about the future of the built environme…

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  • Moody’s Divests From Xceligent Founder’s New Company After CoStar Settlement

    BISNOW

    Doug Curry has just lost a major backer of his new company after Xceligent, the company he founded and ran until 2017, reached a legal settlement with CoStar in a copyright infringement suit. Moody’s Corp., the financial services giant that launched a commercial real estate data network this year, has divested from its 23.8% stake in Curry’s new company, Empirical CRE.  “Moody’s has divested its entire stake in Empirical CRE in light of recent disclosures, and no longer has any connection to tha…

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