Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
FORTUNE
When catastrophe strikes, Hippo customers know who to call: Assaf Wand, the $1 billion homeowners insurance startup’s cofounder and CEO. In times of duress, Wand has been known to give his personal phone number and email address to customers. He describes his unusual approach to customer service on the latest episode of Balancing The Ledger, Fortune’s show about the intersection of finance and technology….
BISNOW
A new report from CBRE predicts that the market for U.S. coworking space will continue to expand robustly over next decade, despite any coming recessions. The report’s high-growth scenario has as much as 22% of office space occupied by coworking entities by 2030, and even the low-growth scenario puts the total by then at 6.5%, up from the current 1.8%.
COMMERCIAL OBSERVER
The Dallas-based startup Neighborhood Goods, a retail store that features a rotating roster of digital brands, has raised $11 million in Series A funding and is plotting to open its first New York City location in Chelsea Market. The company, which features direct-to-consumer brands like Dollar Shave Club, Rothy’s and Stadium Goods, is using the funding to open its Chelsea Market location in the Meatpacking District this fall, according to Neighborhood Goods co-founder Matt Alexander. It’s a…
GEEKWIRE
Unearth Technologies is front-and-center on the map of the Seattle startup scene. The company, which aims to simplify geographic information system (GIS) mapping technology, just raised $7 million as part of a Series A investment round led by Vulcan Capital, the investment arm of the late Paul Allen, with participation from Madrona Venture Group.
WSJ
SoftBank Group Corp. plans to buy at least $750 million of the shares in WeWork’s impending IPO, a move that could allow the office-sharing company to shore up an offering that has been plagued by tepid investor demand. The Japanese technology conglomerate, already the biggest investor in WeWork’s parent, would end up with 25% or more of the shares sold in an offering that’s expected to raise at least $3 billion and value the startup at between $15 billion and $20 billion, according to peop…
CREtech
Attending the CREtech New York Conference on October 16-17, 2019? Don’t miss Kevin Shtofman, National Real Estate Blockchain Lead at Deloitte Consulting on the Innovation Stage at CREtech New York for the session, “Data…Data…Data…” Learn from the leading data gurus in the industry on how today’s tech companies help their clients use data to achieve better ROI and outperform the market. Our team at CREtech recently caught up with Shtofman to learn more about his role and his vision fo…
PR NEWSWIRE
NEW YORK, Sept. 9, 2019 /PRNewswire/ — Ten-X Commercial, the nation’s leading transaction platform powering 90% of all online commercial real estate sales, today announced that it won first place in the sixth annual 2019 Real Estate Tech Awards (#RETAS) in the subcategory of transactions. This is the second consecutive year that Ten-X has been recognized by the #RETAS. In 2018, the company was named a winner in the category of transaction and underwriting….
TECHCRUNCH
Replica, the data-gathering tool created within Sidewalk Labs that maps the movement of people in cities, is now a company. The newly formed company, which is headed by Nick Bowden, also announced Thursday it has raised $11 million in a Series A funding round from investors Innovation Endeavors, Firebrand Ventures and Revolution’s Rise of the Rest Seed Fund. The capital will be used to accelerate Replica’s growth through new hires beyond its existing 13-person staff, expansion to new cities an…
TECHCRUNCH
Home ownership has long been touted as the American dream. But rising rates of mortgage debt and student loan debt are making the pursuit of home ownership a nightmare. Debt-burdened individuals or those with inconsistent or tight cash flow can not only struggle to get credit loan approval when buying a home but also struggle to satisfy monthly mortgage payments even after purchase. Patch Homes is hoping to keep the proverbial American dream alive. Patch looks to provide homeowners with cash fl…
YAHOO FINANCE
NEW YORK–(BUSINESS WIRE)– Round led by prominent seed-stage venture capital firm Corigin Ventures NYC buyers receive rebates averaging $23,000 using Prevu’s Smart Buyer™ Platform Prevu, a customer-focused digital home buying platform delivering industry-leading efficiency and savings, announced today the closing of its $2 million seed funding round. The round was led by Corigin Ventures, a prominent seed-stage venture capital firm with expertise in the real estate technology and consumer in…
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