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Smart lock maker Latch teams with real estate firm to go public via SPAC

TechCrunch

The company is set to go public courtesy of a merger with blank check company TS Innovation Acquisitions Corp. The New York-based commercial real estate firm is a logical partner for a company whose technology is currently deployed exclusively in residential apartment buildings.

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Unpacking Chamath Palihapitiya’s SPAC deals for Latch and Sunlight Financial

TechCrunch

Keyless locks = Peloton for real estate. As Chamath tweeted this morning, Latch is merging with TS Innovation Acquisitions Corp , or $TSIA. The SPAC is associated with Tishman Speyer, a commercial real estate investor. You can see the synergies, as Latch’s products fit into the commercial real estate space.

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Forerunner, Bezos back Arrived, a startup that lets you buy into single-family rentals for ‘as little as $100’

TechCrunch

Returning backers include Bezos Expeditions, the personal investment company of Jeff Bezos; Good Friends, a venture fund run by the CEOs and co-founders of Warby Parker, Harry’s and Allbirds; Spencer Rascoff, co-founder and former CEO of Zillow; as well as Core Innovation Capital, PSL Ventures and Neo, Ali Partovi’s venture fund.

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Homeward secures $371M to help people make all-cash offers on houses

TechCrunch

CEO Tim Heyl founded the real estate startup in late 2018 on the premise that in most cases, sellers prefer to receive all cash offers because they are more likely to close. Most alternatives to traditional real estate minimize or replace the agent,” Heyl said. However, it is not yet profitable on a net income basis.

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Proptech in Review: 3 investors explain why they’re bullish on tech that makes buildings greener

TechCrunch

Spending on getting the world’s real estate to net zero will require $1.7 Also, when transactions slow down, real estate groups tend to focus more on internal operations. Commercial real estate has taken a hit during the pandemic. Those that survive will have an opportunity to expand market share.”.

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Singapore wealth management platform Endowus raises $35M

TechCrunch

This time it’s $35 million with new investors, including Citi Ventures and MUFG Innovation Partners, bringing the company’s total raised so far to $95 million. Since TechCrunch last covered Endowus, it has launched more services like low cost passive index funds in Singapore and Endowus Private Wealth for high-net-worth individuals.

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Alto raises $40 million to help individuals make tax-savvy investments in assets like crypto and artwork

TechCrunch

Institutions have fueled a large part of this growth, investing at record pace into alternatives like crypto, private companies and real estate. In contrast, most high-net-worth investors and institutions have much higher allocations to alternatives, ranging from anywhere between 15 to 80%, Satz said.