Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
Overall, Zillow’s net loss widened to $84.4 million during the second quarter, compared to $71.9 million a year ago. The losses are tied to its expensive bet on iBuying, which Barton has described as its “moonshot” opportunity.
The Real Deal
It’s been slow going. Fifteen months ago, MetaProp, one of the early venture-capital players in proptech, set itself an ambitious goal: raise $100 million to back the next generation of startups. … The new fund, dubbed MetaProp Growth Select I, has a target raise of $200 million, regulatory filings show.
iRestify
iRestify is leading the digital transformation of facilities management. Our enterprise-level cleaning and facilities management platform was designed to streamline property management operations. With iRestify, property managers can schedule and manage their cleaning and maintenance services remotely, from any device. The platform features include: an interactive checklist, remote quality controls, real-time updates, and instant communication with our service expert teams. Additionally, propert…
Smart Cities World
StreetLight Data said the $15m in funding would help it to transform transportation analytics with big data to meet the challenges of the pandemic era.
GeekWire
Seattle-based OwnTrail launched in February, just before COVID-19 turned the world upside down — but the startup is weathering the pandemic largely unscathed. “We’re about helping women make it through hard things,” said co-founder and CEO Rebekah Bastian. The platform allows women to plot their career and life paths, calling out milestones in their careers, personal relationships and health, while sharing the routes pursued by other women to provide insights and lessons from their journeys. The…
PR Newswire
SAN FRANCISCO, Aug. 6, 2020 /PRNewswire/ — Amenify, a marketplace for services within luxury apartment buildings, recently announced the addition of contactless delivery for Lunch and Dinner. In select markets, the company is delivering fresh, high-quality meals that are handmade each day by professional chefs.
AXIOS
Call it the great retail wash. A wave of defaults, bankruptcies and evictions expected in cities across the U.S. is poised to remake the retail landscape across the country, but there may be some upside for consumers and small businesses.
Smart Cities World
UK-based Urban-Air Port and Hyundai Air Mobility have announced a partnership to explore the creation of a purpose-built, multi-functional and scalable infrastructure to enable urban transportation systems to move people and cargo by air. Hyundai forecasts the air mobility market will be worth nearly $1.5 trillion over the next 20 years but countries lack the appropriate ground infrastructure.
The Real Deal
On the heels of a $160 million funding round led by Airbnb, the short–term rental startup was plotting a massive expansion in the spring of 2019. … As of 2018, the global market value of the short–term rental industry was estimated at $169 billion, according to a Skift research report.
Venture Beat
StreetLight Data, a big data platform that helps cities unlock mobility insights from location data from smartphone apps, has raised $15 million in a series D round of funding. The raise comes as cities around the world are having to adapt to social distancing measures that require shifts in transportation — bikes over buses, for example….
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