1 big thing: Walmart to expand drone deliveries across six states
Axios
Walmart customers in six states will soon be able to have their orders delivered by drone in less than 30 minutes, Joann reports.
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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Constrafor grabs $106M in equity, credit to finance construction subcontractors
TechCrunch
Large construction projects often take a long time to finish, and subcontractors can get caught up in the flow of money, waiting, in certain circumstances, up to 80 days to be paid by general contractors. This not only causes delays, but also means subcontractors are essentially being asked to finance their portion of the project, Constrafor CEO Anwar Ghauche told TechCrunch.
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Digital Mortgage Startup Tomo Lays Off One-Third of Staff
The Real Deal
Digital mortgage lender Tomo has laid off nearly one-third of its workforce less than three months after an equity capital injection — the latest casualties in a tech and mortgage industry purge.
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Why SPACS Are Flailing as Market Conditions Shift
The New York Times
Matt Higgins, a former judge on the reality TV show “Shark Tank,” is an experienced investor whose firm, RSE Ventures, helps young companies build their businesses.
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Analysis: ESG monitoring leads to surge in proptech VC funding
Connected Real Estate Magazine
Property technology, or proptech, startup companies have seen an influx of venture capital, due to an increase in tech that can track carbon emissions and decarbonize buildings, GlobeSt. reports. The recent scale is due to new Security and Exchange Commission (SEC) rules and Environmental, Social and Governance (ESG) disclosures.
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Pulley raises $4.4M seed to shorten the construction permitting process ‘from months to days’
TechCrunch
If you’ve ever had to get a construction permit, you know that the process can be very painful and time-consuming. There are many reasons for this, and they vary depending on where you are located and what you are trying to get built.
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Which Startup Investors Pulled Back The Most So Far In 2022?
Crunchbase
Sequoia Capital gathered its founders on Zoom to address this “crucible moment.” In its presentation, the firm said “the cost of capital has fundamentally increased.” It also noted that crossover funds active in funding private companies are significantly impacted and “are tending to wounds in their public portfolios, which have been hit hard.” …
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10 Big Ideas from CREtech Climate
PlaceTech
Make it easy | Decarbonising the built environment is clearly not easy, and can overwhelm those that confront the challenge for the first time. We need to make it seem easy to encourage change. Look for ready-to-go technology. One thing we don’t have is time on our side. Complacency, apathy, greed are arguably the biggest blockers, not the necessary tech, all of which has been invented.
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Remote work drove home price surge
Axios
It’s no secret that Americans’ newfound remote work lifestyles drove demand for larger homes with more comfortable workspaces. What’s new: That demand may be responsible for more than half of the surge in real estate prices during the pandemic, according to a working paper published by the National Bureau of Economic Research….
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Airtower Networks Secures Funding from DIF Capital Partners
Cision
Airtower Networks (“Airtower”), a leading developer, owner, and operator of wireless digital infrastructure and DIF Capital Partners (“DIF”) are pleased to announce that they have reached agreement for DIF to be Airtower’s growth capital partner and support the management team in achieving its strategic vision in building a nation-wide platform. This transaction will be the first investment in the DIF CIF III fund.
