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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.
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 realestate market has been booming because of the pandemic. Vontive , an embedded mortgage platform for investment realestate that just came out of stealth, is trying to streamline some of those processes by helping mortgage lenders upgrade their tech. housing crisis.
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. You can read my story on that here ).
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. Spending on getting the world’s realestate to net zero will require $1.7 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.
Investors appeared to be backing some startups in part due to FOMO, and that’s not necessarily a good thing. It’s an absolutely different environment from Q4 of last year,” he said, “not just in terms of the level of diligence but also, in the access to capital. And in his view, and mine quite frankly, that’s not a bad thing.
Allison Xu is an investor at Bain Capital Ventures, where she focuses on investments in the fintech and property tech sectors. As one of the least-digitized sectors of our economy, construction is ripe for technology disruption. A construction tech boom. Technology startups are emerging to help solve these problems.
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.
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. Don’t forget to sign up to get the free newsletter version of Max Q delivered to your inbox. Other news from TechCrunch.
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
” De Gruchy — who has a fascinating history, having studied cage fighting and served as an army officer before pivoting to a quieter, white-collar career in duediligence analysis — founded Infogrid in 2018. Infogrid helps our clients to provide exactly this, which improves their rental yields and asset values.”
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.
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.
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
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 realestatetech market suddenly faced a surge in demand, and many departed on hiring sprees to keep up. It is embedded in the category, and with the long housing and tech boom, many founders have underestimated this. Pete Flint, general partner, NFX.
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.
Deng asserts that many companies are flying blind when it comes to realestate. “The pandemic brought home the need to understand occupancy and utilization data for realestate executives,” Deng told TechCrunch in an email interview.
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.
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. Its recently enacted $1.2
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.
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.
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.
in 2004 before falling sharply due to the economic recession of 2007-2009. Our technology is particularly relevant to those with low-to-moderate income who have been neglected by traditional financial solutions.”. Landis acquires realestate startup GoldenKey. homeownership rates in 2020 were about 65.8%
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.
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. They’re also becoming huge carbon hogs, consuming roughly 40% of all energy used on the planet.
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.
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? Other factors played into China’s slowing economic growth. Unsurprisingly, venture capital activity in the country declined.
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.
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.
Elizabeth Redmond and Keenan May, both co-founders of CoWorkr, will remain on in full-time roles, where they will run a corporate realestate initiative, and develop an IoT capacity. . Amid pandemic, returning to offices remains an open question for tech leaders. Studies have shown it can inactivate flu viruses in the air.
As Austin’s skyline expands, the city continues to solidify its standing as a tech hub. It’s a city of unicorns and tech giants. Austin is also home to secondary offices of many of the largest tech companies in the world, including Google, Apple, Oracle, Amazon, Facebook and SpaceX. And the numbers are there to back it up.
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. Recall that Visa almost bought Plaid for $5.3
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. The sheer volume of people migrating to Austin from all over the country, but particularly from the San Francisco Bay Area, has been making headlines for a while now.
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.
To get a clear picture of where construction tech stands today, we spoke with five active investors in the space. Due to the pandemic, many contech workers were unable to freely visit their job sites and realized they had less visibility than they’d like into what was happening onsite. “Due
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.
QuintoAndar is taking its first steps out of Brazil to open a technology hub in Lisbon, Portugal aimed at attracting technology talent across the pond. The new office is part of our long-term focus of building a world-class tech team and part of the funding will support that continuous investment,” he added. “We
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.
tied) Insider , $500M, digital marketing: Marketing tech 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. billion, per Crunchbase.
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.
This is SoftBank’s first property tech investment in Europe, although it’s no stranger to the iBuyer model. All of that technology definitely came into its own during the peak of Covid-19, he said, when in Spain people were virtually forbidden to leave their homes without special permission.
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