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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.
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
residential realestatemarket has been booming because of the pandemic. Although the rise in home prices has shut many people out of the market, it’s been highly lucrative for those who own property. As a result, accessing capital can be a major hurdle for realestate investors, according to McKinney.
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. Factor in that more people were spending more time at home than ever due to COVID shelter-in-place orders, home took on new meaning.
We asked three venture capital firms investing at the intersection of proptech and climate tech about how a focus on reducing emissions can trim a building’s carbon footprint and offer new opportunities for returns. Challenging market conditions, though, mean that returns are anything but assured. And the potential market is enormous.
million seed round boosts Butlr Technologies ’ ability to apply its real-time people-sensing technology beyond commercial realestate and retail uses to monitor falls and other movements for active seniors who are aging in place. Butlr Technologies’ simulation of movement and detection.
As China looks to reignite growth, what role will its technology industry play? Is there enough capital flowing to support a new generation of tech startups that could keep China competitive? The Exchange explores startups, markets and money. Can China’s venture capital market help it reignite growth?
Investors appeared to be backing some startups in part due to FOMO, and that’s not necessarily a good thing. Last year, it was truly a founders’ market, meaning that terms were more founder-friendly than ever. billion in seed through late-stage venture funding. And everyone was like, ‘yeah, that makes sense, let’s invest in this.’ ”.
But in the past few decades, the lens through which we view realestate and property development has slowly blurred. So in order to pull back that veil, towards the end of 2022, we decided to take an in-depth look into the trends and tech in property development and construction.
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.
It’s been a very tough year for Placer.ai ’s core customer segments of retail and commercial realestate, to put it mildly. But the foot traffic and location analytics startup saw growth in new categories, including consumer packaged goods (CPG) and hedge funds that use its tech to perform duediligence.
The commercial realestate industry is facing its share of challenges, considering the fact that so many people are working from home (and not in offices) and retail is riding a slippery slope as more people shop online. In other words, the company’s self-proclaimed mission is to become the “LendingTree for commercial realestate.” (For
That’s where Puls Technologies come in. Puls raises $50 million for in-home technical support. Puls Technologies app. Image Credits: Puls Technologies. It saw some of that demand related to the global pandemic, when the need for home repairs increased due to people spending more time at home.
Orbital Reef is claiming its slice of LEO realestate. The planned station, called “Orbital Reef,” will also include tech and services from Redwire Space, Genesis Engineering and Arizona State University. The trend of space companies heading to the public markets via SPAC mergers is not over yet.
While on these “diligencing” visits, De Gruchy spotted what he describes as a lack of real-time digital data and visibility into “operational inefficiencies,” as well as health risks and environmental concerns surrounding buildings and facilities.
Founded in 2018, San Francisco-based Atmos touts that with its tech, homebuyers are able to select land, design a home within their budget and approve the design using 3D tech. Atmos says its technology allows buyers to see “exactly what can be built on any specific lot depending on the size, shape and development requirements.”
Startups operating in the financial side of the realestatetechmarket suddenly faced a surge in demand, and many departed on hiring sprees to keep up. As interest rates soared even higher, the once frothy market morphed into an environment where only the fittest could survive. Layoffs became widespread.
By drawing on multiplayer gaming culture, the startups are using spatial technology, animations and productivity tools to create a metaverse dedicated to work. Succulents and spatial technology. The game studio failed due to the fact that he was a “kid, 13, and had no money.” The biggest challenge ahead?
Sonder is a tech-driven hospitality company. million, and, in the post-pandemic world where the population has become far more movable due to remote working, similar businesses are raising funds to attend to the needs of this global, nomadic workforce. Based out of the U.S., It’s raised $529.6
It’s being led by Josh Buckley (the CEO of Product Hunt), with participation from WndrCo (Disney/Dreamworks’ supremo Jeffrey Katzenberg’s investment firm), Lachy Groom, MMC Technology Ventures LLC, Fifth Wall Ventures and Array Ventures, as well as a swathe of realestate names, including J.M. ”
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.
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.
Often, industries that have great potential to be disrupted are also the most resistant to adopting bleeding-edge technology. While legacy sectors like transportation and energy have embraced new tech, innovation in the construction industry has been slow to take hold. With the industry representing about 6.3% of the U.S.
Nearly exactly one month ago, digital realestate platform Loft announced it had closed on $425 million in Series D funding led by New York-based D1 Capital Partners. Realestate platform Loft raises $425M at a $2.2B The decision to raise more capital so soon was due to a variety of factors.
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.
99 Twitter problems, and Apple might have one : It’s no secret that Elon Musk thinks Apple’s 30% IAP (“inventor assistance program” to those of us not up on tech lingo) transaction charge to developers is “a lot.” OTI raises $55 million for technology to remove screen obstructions. Big Tech Inc. The TechCrunch Top 3.
What the company’s software aims to do is keep customers on restaurant’s own online realestate by incorporating third party reviews, images, recommendations, and better descriptions into the webpages that it hosts for the culinary creators that use its service. Image Credit: Popmenu. ”
Co-founders Junyuan Tan and Phillip An originally started Homebase in Singapore, but decided to focus on Vietnam because Tan had lived there while working on his previous startups, RePrice Technologies and Atlantis Lab. Tan wanted to buy a home, but found bank mortgages charged high interest rates even on short-term loans.
One result of this continued migration is a steady surge in housing prices due to increased demand and low inventory that dropped to nearly zero earlier this year. Austin’s housing market is definitely overheated, with homes going 10-30% above asking in some cases (I should know, I live here). It’s going to be a huge market for us.”.
If teams don’t do their duediligence, they risk omitting from design documents important mechanical equipment, like exhaust fans and valves, for example, or failing to size electrical circuits appropriately for loads. ” Competition in the market.
This is mostly due to the clearly maturing startup scene in the region, with proven successes such as Nubank, Cornershop, Gympass and Loggi helping to bolster LatAm’s credibility. In LatAm, tech entrepreneurs are building the future for everyone else.” “There’s so much to build for so many people and businesses.
Airlift, once one of Pakistan’s most richly valued and funded startups, shut down in July due to lack of capital and an unsuccessful attempt to close a funding round. The fall from those heights, thus, didn’t just impact employees and investors, but also general enthusiasm about the Pakistani tech ecosystem. Image Credits: Argo AI.
tied) Insider , $500M, digital marketing: Marketingtech platform Insider raised a $500 million Series E led by General Atlantic to fund its expansion in the U.S. The latest startup in the space to get a big chunk of cash is Beta Technologies, maker of electric vertical take-off and landing planes.
In fact, the firm believes that Texas is going to be the second-largest tech ecosystem in the U.S. We’re constantly meeting entrepreneurs that are at the frontier of things because they’re running into technology issues that others don’t have,” Engineer added. Keri Findley, founder of Tacora.
Roofstock co-founder and chairman Gregor Watson and realestate investor Rob Bloemker started the venture firm in 2021, and had their first close last year. The new firm will invest in 30 to 40 early-stage companies in the realestatetechnology world, with check sizes ranging from $500,000 to $2 million.
As Austin’s skyline expands, the city continues to solidify its standing as a tech hub. Rounds are getting larger, too, signaling a further maturing of the market: All of the top 10 deals for Austin in 2021 amounted to $100 million or more. It’s a city of unicorns and tech giants. And the numbers are there to back it up.
Amazon has become the pacemaker in commerce, and today a startup that’s been building technology to help retailers keep up with it in the world of physical stores is announcing some funding to expand its business. It will also be doubling down on expanding its technology.
One year after raising $16 million , construction technology company Buildots is back to claim another $30 million, this time in Series B funding. The three-year-old company, with headquarters in Tel Aviv and London, is leveraging artificial intelligence computer vision technology to address construction inefficiencies.
It’s an incredible time to be a financial technology journalist. Besides the fact that over 20% of all venture dollars last year went into fintech startups , I am particularly excited about the myriad ways that this technology is helping boost inclusion all over the world. Maybe a little of both. Image Credits: Infinity Ventures.
Now Clikalia , another player in the so-called iBuyer space, has raised €75 million ($86 million) to take that model to markets in Europe and Latin America. This is SoftBank’s first property tech investment in Europe, although it’s no stranger to the iBuyer model.
The last time we covered Vezeeta was in 2020, when it raised $40 million in Series D funding (the joint largest single healthtech round in Africa alongside Reliance Health ) from Gulf Capital and Saudi Technology Ventures (STV). Layoffs hit crypto and realestatetech particularly hard this week. healthtech space.
So when, after two decades of being in business, his parents had to shutter the grocery store due to a doubling in rent by a new landlord, it was devastating – especially after the family had been current on rent throughout their tenancy. . “My Song wants to change that. Its goal is to end this year having worked with 100 businesses.
If you’re trying to recalibrate online sales, this TC+ guest post contains formulas for calculating lost lifetime value (LTV) due to churn on a monthly and annual basis. Last week, Andreessen Horowitz wrote the largest individual check in the firm’s history, investing $350 million in residential realestate startup Flow.
According to an internal memo obtained by TechCrunch, Chime co-founder Chris Britt said that the move was one of many that would help the company thrive “regardless of market conditions.” McCreary referenced “revenue challenges due to the uncertain environment.” Opendoor announced it was letting go of 18% of its staff.
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