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realestate-related startups. Notably, these are all themes that play into the current realestatemarket climate, characterized by higher lending costs, lower affordability and fewer homeowners opting to sell and move. Earlier this week, we wrote about the sharp decline in venture funding to U.S. has around 43.5
residential realestate industry is in a much different place compared to a few years ago. These market shifts mean more bad news for realestate unicorn startups funded during the boom cycle a few years ago. Startup investors have also cut back on new realestate-related financings.
Sumutasu , a Tokyo-based proptech startup that offers a direct online realestate purchase service, has secured $8.2 Takahiro Sumi (CEO) and Tomoya Ito (COO) co-founded Sumutasu four years ago to streamline the buying and selling of residential realestate. million in equity and $1.6 million in debt. While the U.S.
Concreit , a company that wants to open realestate investing to a broader group of people, announced today that it has closed $6 million in a seed funding round led by Matrix Partners. . Concreit gives everyone access to a realestate portfolio and the ability to have access to withdrawals when they need them.”.
evolve into a one-stop realestate shop that also offers mortgage, title insurance and escrow services. To that end, e arlier this month, the startup acquired Atta Franchising, a 7-year-old São Paulo-based independent realestate mortgage broker. Last year, it also expanded into connecting home buyers to sellers.
Flat.mx, which wants to build a realestate “super app” for Latin America, has closed on a $20 million Series A round of funding. That September, the proptech startup had raised one of Mexico’s largest pre-seed rounds to take the Opendoor realestate marketplace model across the Rio Grande. Previously, Flat.mx
Investing in private markets has long been reserved for the ultra-rich. Ben Miller founded Fundrise in 2012 to give retail investors access to the private realestatemarket, and the company has since become one of the top 20 investors by size in that space, Miller, who serves as CEO, told TechCrunch in an interview.
It is currently active in 16 markets, recently adding Denver and Nashville to the list. Offerpad says that by partnering with Supernova to become a public company, it expects it will be able “to accelerate its growth to capture more” of the market. The company has ambitious goals, projecting revenue of $2.4 billion in 2022 and $3.9
South African startup Flow wants to change how realestate agencies, developers and agents interact with their end customers. With its APIs, Flow connects to the websites of estate agencies and property developers and automates advertising for them on social media channels like Instagram and Facebook.
Sundae , a residential realestate marketplace that pairs sellers of dated or damaged property with potential buyers, has raised $80 million in a Series C funding round co-led by Fifth Wall and General Global Capital. There, it is visible to about 2,600 qualified off-market buyers.
Side , a realestate technology company that works to turn agents and independent brokerages into boutique brands and businesses, has raised “$50 million-plus” in a funding round that doubles its valuation to $2 billion. The company plans to enter 15 new states by year’s end.
Groundfloor , the first realestate crowdfunding platform to gain regulatory approval, announced today that it raised its first round of institutional capital since 2015. Groundfloor’s platform offers investments in realestate debt to its 150,000+ users, with a minimum investment of $10.
Over $500 million worth of realestate was sold on the top four metaverse platforms in 2021, data shows. Traditional realestate companies are amongst the many investors flocking to stake their claim on plots of land in virtual worlds like Decentraland and Sandbox.
Startups that are catering to homebuyers are struggling as interest rates and inflation have climbed and inventory shortages continue in many markets. . Their goal was to make “the realestate buying and selling process more transparent, honest and professional.”.
As teammates at buy now, pay later fintech Affirm, Stella Han and Carlos Treviño bonded over their shared background of growing up in realestate families. Fractional , a San Francisco-based startup, wants to make realestate ownership more accessible. Community is the new AI.
Buying and selling residential realestate is a complex business, no matter where you live. But in Brazil, where no MLS exists, the challenge of digitizing realestate is even greater. realestate tech company with the closest model to Loft’s is probably Zillow, according to Pencz.
As we all know, the housing market goes through cycles. Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the realestate industry. At the same time, as the venture market slowed dramatically and suddenly, raising capital was much harder. Fintech for good?
The public data that we acquire, the data we ingest from users, and the data that we build ourselves has allowed us to build the most robust and unique actionable realestate data set in the U.S.,” In general, Richards believes that residential realestate is one of the biggest spend categories in the U.S.
The stealthy startup is trying to reinvent realestate (again), but instead of commercial properties, which WeWork focused on, Neumann is looking into revolutionizing rental properties. As far as visions go, renovating the rental realestatemarket isn’t a unique idea. It’s a playbook that they never change.
Veev, a realestate developer turned tech-enabled homebuilder, announced today that it has raised $400 million a Series D round that propels the company to “unicorn status.” Interestingly, Veev Group started its life as a traditional realestate developer and asset manager.
It has a robotic camera, combined with a subscription service, which enables realestate agents and brokers to generate high-resolution photos of properties, floor plans and virtual tours. Giraffe360 was a no-brainer, and is really well suited to meet the needs of the market from both the hardware and software front.”.
But this doesn’t mean AI can do everything, cautions Rudy Wolfs, CTO at Anywhere RealEstate. AI to enable better listings According to Wolfs, Anywhere RealEstate’s Listing Concierge offering gives agents a highly intuitive toolset to promote listings.
We previously wrote about Propy using blockchain technology to smooth real-world realestate sales by introducing the concept of smart contracts. Now the company is pushing the boundaries again, by auctioning a real apartment as an NFT. The NFT created by Propy will, it says, transfer real ownership of the property.
Last year we covered how early blockchain startup Propy planned to use the technology to smooth real-world realestate sales by introducing the concept of smart contracts. Propy’s plan is to scale this offering globally, providing a single framework for purchasing realestate using blockchain technology.
Kunal Lunawat Contributor Share on Twitter Kunal Lunawat is co-founder and managing partner of Agya Ventures , a venture capital firm focused on realestate tech, blockchain, AI and sustainability. We believe this represents a significant opportunity for realestate tech entrepreneurs.
At Linktree, Olson will focus on United States market expansion. Linktree also just brought on Mike Olson as president — most recently, he was senior vice president of Growth Initiatives at Twitch. “We’re based in Australia and the majority of our team is here, but most of our users are in the U.S.,”
It’s safe to say that millions of Americans dream of becoming realestate investors but can’t or don’t due to a variety of challenges, including lack of accreditation, capital and time. CEO Yishai Cohen and CTO Amit Assaraf started Landa in 2020 in an effort to make realestate ownership more inclusive. residents. .
The Exchange explores startups, markets and money. The country’s highly leveraged realestatemarket has taken blows thanks to changing regulations and a history of debt-fueled expansion, the price of which eventually came due. Can China’s venture capital market help it reignite growth?
There’s no escaping SPACs for a bit, so if you are tired of watching blind pools rip private companies into the public markets, you are not going to have a very good next few months. There are nearly 300 SPACs in the market today looking for deals, and many will find one. The Exchange explores startups, markets and money.
HomeLight , which operates a realestate technology platform, announced today that it has secured $100 million in a Series D round of funding and $263 million in debt financing. Over the years, like many other realestate tech platforms, HomeLight has evolved its model. ” Image Credits: HomeLight.
The concept of fractional ownership in realestate is not new, and in recent years we’ve seen a flurry of startups focused on the space. In the past 14 months alone, for example, TechCrunch has reported on Fractional and Fintor , which are also focused on residential realestate. And so Arrived was born.
In an emailed statement, Loft — which says it uses technology to simplify and enable realestate and credit transactions — described the move as “a reorganization of its operation.” That would mean that Loft has let go of nearly 540 workers this year so far. It currently has about 3,200 employees.
Nawy is now set to introduce in its catalog a mortgage service for pre-owned property, to serve a market that is predominantly shunned by traditional lenders. If you go into the resale market, it’s primarily cash. That would kind of complete the suite of what we do — by offering core realestate products,” said El-Beltagy.
Walk through Branch’s virtual HQ and there are all the normal details you’d find in an office on Market Street: There are meeting rooms, lunch tables, a literal watercooler and, yes, succulents on your co-worker’s desk. The total addressable market for professional, social gaming is murky. So far, it has raised $1.5
Most realestate agents charge a commission — in many cases up to 6% of the sale price of a home — for listing and selling a house on behalf of a homeowner. Enter HomeLister , a digital brokerage and realestate site that gives homeowners a way to list and sell their properties online, with support.
La Haus , which has developed an online realestate marketplace operating in Mexico and Colombia, has secured $100 million in additional funding, including $50 million in equity and $50 million in debt financing. Like the US, a two-tier venture capital market is emerging in Latin America. Image credit: La Haus.
The result is fewer homes on the market, which exacerbates existing housing shortages in already tight markets such as the San Francisco Bay Area. Sundae closes on $80M for residential realestate marketplace. Ironically, Aalto founder and CEO Nick Narodny is the son and brother of realestate agents.
“Property managers don’t often come from an accounting background — usually they have a realestate license, so that lack of expertise can put them in a position where they can’t scale their portfolio, or if they try to, things break.”. He spent time with small business owners using Proper and said its product has a good market fit.
While markets grapple with the concept that the pandemic might not be entirely in the rear view mirror, investors are continuing to seek out investment opportunities outside public markets as they seek to diversify. Vincent makes money by facilitating discovery on its partner platforms and earning fees.
The feed shows videos of homes on the market, as well as a price tag. As you scroll, you can guess whether the price Playhouse showed you is higher or lower than the actual listing price, helping to educate future buyers about the market (… and also it’s fun, even if you’re not looking to buy a $2 million home in San Francisco).
The brothers had dreams of finding their own financial freedom through investing in realestate, but didn’t have enough individual capital to go into business alone. “On We really had to look at the market and think about what we would have done differently. And the truth was, we would have done everything differently.
Going after very large markets. The end-to-end approach makes the most sense when disrupting very large markets. In the graphic above, notice that most of these companies play in the largest, but notoriously archaic industries like banking, insurance, realestate, healthcare, etc.
But with recent financial market turbulence, the rise of AI, and buyer consolidation impacting todays market, some have started asking: Is SaaS dead? Public SaaS companies have seen their valuations compress, with small-cap SaaS significantly underperforming broader market indices in 2024.
Co-founder and CEO Honghao Deng said that the proceeds will support product development and expanding Butlr’s 50-person workforce, specifically its go-to-market team. Deng asserts that many companies are flying blind when it comes to realestate. ” To date, Burlingame-based Butlr has raised $29.1
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