NEWS
- news
CRG Hires National Real Estate Veteran Geoffrey Kasselman
12/6/19CRG, a national real estate development and investment firm, announced today the hiring of Geoffrey Kasselman, SIOR, LEED AP, as Partner and Senior Vice President, Workplace Strategy. Kasselman will oversee national accounts and lead all client-related initiatives for the company’s expanding industrial, office and data center project delivery platform. Kasselman... Read more
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Supergiant VC Rounds Weren’t Limited To Late-Stage Startups
12/6/19It’s become the norm for some private tech companies to raise in a single round what VC firms raise for an entire new fund. For a certain class of large, rapidly-growing companies flying in the rarified air of startup finance, raising $100 million or more in a venture round is,... Read more
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Investors still in love with proptech
12/6/19Interest from venture capital (VC) in the proptech sector has been going strong and there’s no sign that this will change, KBW analysts have found. In fact, in a recent report issued by KBW, analysts stated that VC investment totaled $4.2 billion in 3Q (averaging multiple sources), with a 42 percent... Read more
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Redpoint Ventures Invests R$50M in Housi
12/6/19Redpoint eventures, an early stage Brazilian Venture Capital firm, made a R$50m investment in Housi, a Brazilian property rental platform that spun out of Vitacon, a Brazilian real estate developer. Housi is a housing platform intended to provide rental housing on demand. The company's platform manages apartments and houses that are... Read more
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California's Fintech Startups Are Invading New York
12/6/19When two Irish brothers started Stripe Inc. together in 2010, there was little question about where they should put their headquarters. It had to be California. Now, though, Stripe is leaving the tech mecca of San Francisco, awash in tech talent and investor cash, and is in the process of moving its... Read more
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RentRedi Heeds the Digital User Experience in 2020
12/6/19Real estate technology start-up RentRedi has set its sights beyond digitizing the road to securing an apartment, and is now focused on deploying technology that would make renting as easy as ordering food or a rideshare. Ease of use is top of mind for the company entering 2020, Ryan Barone,... Read more
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Finland’s national grid goes digital to integrate more renewables
12/6/19Nokia is installing an internet protocol/multiprotocol label switching (IP/MPLS) network to digitalise and automate the management of the Finnish power grid. Through the new smart grid, Fingrid, Finland’s nationwide power grid operator, aims to better integrate variable renewables such as solar, wind and micro-generation from bioenergy. The Nokia network will also support... Read more
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Breather bloodbath: Flex-office startup fires at least 10% of staff
12/6/19Breather, an on-demand workspace company, fired at least 10 percent of its staff Thursday. The Montreal-based firm, which provides office space across 10 different cities and has more than 100 employees, laid off at least 16 staffers, The Real Deal has learned. In a post on LinkedIn, Breather’s director of... Read more
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Download CREtech's Monthly VC Funding Snapshot: November 2019
12/6/19November marked the seventh consecutive billion-dollar funding month for the global real estate tech (proptech) venture capital industry. 46 percent of all investments went to residential real estate tech companies, while 36 percent went to commercial real estate tech companies. In terms of location, North America represented 63 percent of... Read more
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Amazon names City on a Cloud Innovation Challenge winners
12/6/19The winners of the annual Amazon Web Services (AWS) City on a Cloud Innovation Challenge were announced this week at the re:Invent 2019 event. The sixth annual contest includes categories for constituent services, solving persistent problems, sustainability and equity, powered by AWS, dream big and public datasets. The competition received more than... Read more
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