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NEWS

  • CREtech, Colliers and Techstars Co-Host Upcoming Proptech Summit in Toronto, Canada

    CRETech 11/15/19

    Michael Beckerman, CEO, CREtech and Ben Liao, Managing Director of the Colliers Proptech Accelerator powered by Techstars to Co-Host Event on December 5th CREtech (cretech.com), the leading commercial real estate technology conference and data company, in conjunction with Colliers and Techstars have announced they will Co-Host the upcoming Proptech Summit... Read more

  • Jared Kushner Helped Put Cadre on the Map, Then Held It Back

    BLOOMBERG 11/15/19

    SoftBank wanted Kushner to divest. He wouldn’t, and deal talks died. It was a missed opportunity for a start-up beset by tech limits, high turnover and unfulfilled promise. Executives at Cadre eagerly watched SoftBank’s Vision Fund dole out billions of dollars to companies like Uber, WeWork and Slack Technologies. Then they... Read more

  • WeWork Lost $1.25 Billion in Third Quarter

    NYTIMES 11/15/19

    The rapid expansion of WeWork’s office-space empire caused the company’s losses to more than double in the third quarter, according to a company presentation. WeWork lost $1.25 billion in the three months that ended in September, up from $497 million in the same period a year earlier, according to the document,... Read more

  • Ex-Uber Team Starts a Kitchen Rental Business to Rival Travis Kalanick’s

    BLOOMBERG 11/15/19

    The small industrial kitchen located under a concrete maze of freeways in Oakland, California, doesn’t look like much. The former Uber Technologies Inc. employees who occupy the space picked it because it’s cheap (by Bay Area standards) and conveniently located for drivers to pick up food for nearby customers ordering from delivery apps like... Read more

  • Salesforce Ventures Launches $50M Consultant Trailblazer Fund

    FINSMES 11/15/19

    Global CRM company Salesforce, announced that Salesforce Ventures, its global corporate investment group, has launched a new $50m Consultant Trailblazer Fund. The new fund will provide the next generation of cloud consulting companies and digital agencies with the capital required to build and scale their Salesforce services capabilities for the... Read more

  • OMERS Ventures Adds Experienced Partner Focused On Canada As Firm Preps For Global Fund

    BETAKIT 11/15/19

    OMERS Ventures has a new addition focused on funding the firm’s back yard. Laura Lenz joins the venture capital arm of one of Canada’s largest pension funds as partner, tasked with leading investment activity across the country. Formerly of EdgeStone Capital Partners, MaRS IAF, and most recently, Generation Ventures, Lenz brings... Read more

  • How real estate investors are banking on technology to deliver profits

    MIAMIHERALD 11/15/19

    In the future, potential renters may visit available units, apply for leases and execute paperwork without ever seeing a human being. That’s what PropTech investor John Helm is banking on. Helm is the managing director for Real Estate Technology Ventures (RET Ventures), an industry-backed early stage investor fund. He made his prediction... Read more

  • Alexa von Tobel And Penny Pritzker Raised $200 Million For Their Venture Firm Inspired Capital

    FORBES 11/15/19

    LearnVest founder Alexa von Tobel and former U.S. Secretary of Commerce and billionaire heiress Penny Pritzker have raised $200 million for their venture firm Inspired Capital, the company announced on Tuesday. It is one of the biggest debut funds out of New York and an especially significant raise for a... Read more

  • WeWork’s China Rival Targets U.S. Listing in December

    BLOOMBERG 11/15/19

    Ucommune, the largest rival to WeWork in China, plans an initial public offering in the U.S. in December even as the better-known competitor still recovers from its botched IPO, according to people familiar with the matter. The first-time share sale of the Chinese office-sharing provider could raise about $100 million, said... Read more

  • Qualia Raises Tiger Global-led $55M Series C For Real Estate Closing Software

    CRUNCHNBASE 11/15/19

    Anyone who has bought a home knows that the sheer amount of paperwork involved in closing the transaction is not only overwhelming, but almost enough to deter you from ever doing it again. As a result, we’ve seen an increasing number of startups pop up that are focused on simplifying this... Read more