Latest Trends and Insights in Real Estate Technology

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  • PropTech Trends 2019

    NINEFOURVENTURES

    Since everyone seems to define PropTech differently, the trends mentioned here run the risk of appearing incomplete, out of left field, or outside of scope. Based on the plethora of ‘PropTech’ definitions I’ve seen through the years, I believe Nine Four defines it a bit more broadly than most: We believe PropTech refers to technology companies that impact the people, processes, and ecosystems that interact with the built world. Our definition spans real estate asset cla…

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  • Proptech Witnessed a Watershed Year in 2019, Will it Maintain?

    GLOBEST

    The commercial real estate property technology sector witnessed big gains in 2019, having a watershed year with the most invested capital on record. And 2020 is expected to keep up that momentum as investors focus on valuations and revenue as oppose to scalability and growth, Ashkán Zandieh, chief intelligence officer at CREtech, a global real estate tech-focused media, event and advisory platform, tells GlobeSt.com. “2019 was a breakthrough year for the proptech industry,” he said.

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  • CREtech Austin 2020: Join The Biggest Commercial Real Estate Tech Event In The Industry

    CRETECH

    Everything’s bigger in Texas, especially CREtech. Join us as we kick off our 2020 conference lineup on April 22-23, 2020 at the Austin Convention Center. Over 1,500 professionals from around the world are expected to attend this extraordinary two-day event. Take advantage of the lowest rate today for your chance to network and hear from the brightest minds in the business.

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  • RE data startup CrediFi to shut down following failed sale

    THEREALDEAL

    CrediFi, a venture-backed startup that jostled for supremacy in the commercial real estate data and analytics space, is shutting down, The Real Deal has learned. Employees at the startup, which has raised $29 million to date, were informed of the company’s decision to close on Tuesday, according to sources. A meeting was held at the company’s Tel Aviv headquarters, and employees in the New York office were informed via a virtual meeting.

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  • Is real estate’s Bitcoin buzz just getting started?

    THEREALDEAL

    The real estate industry — much like the rest of the world — is still trying to figure out exactly how its connection to cryptocurrency should work. Since virtual money first broke through a decade ago, with the launch of Bitcoin, buyers and sellers of property are increasingly using crypto as a form of payment. And the range of digital coins has exploded in recent years, with about 3,000 different types being traded as of October, some specific to real estate….

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  • Big Tech Is Coming for Banking: Experts Predict Fintech’s 2020

    BLOOMBERG

    Financial technology startups will enter the next decade with a little more street cred than the last time around. Nearly 60 upstarts focusing on financial services — from Stripe Inc. to Chime Inc. to Plaid Inc. — have garnered valuations of more than $1 billion in recent years, according to CB Insights. Personal loans — a category popularized by fintechs like GreenSky Inc. or Affirm Inc. — are now the fastest growing form of debt in the U.S., Experian data says. And Robinhood sparked a move…

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  • Verizon’s 5G network covers parts of 31 cities, matching 2019 goal

    VENTUREBEAT

    Back in February, Verizon said its 2019 plan was to offer mobile 5G in over 30 cities — a non-trivial task for a carrier focused on the short-distance, millimeter wave flavor of 5G service. Today, the carrier announced it has met its goal with a week to spare, though the accomplishment comes with the caveat that its 5G service is only available in small parts of each city. As of today, Verizon’s mobile 5G network is launching in Cleveland and Columbus, Ohio, as well as the coastal area of Vir…

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  • One Proptech Firm Eyes M&A

    GLOBEST

    After raising $34.25 million in Series B financing, Chase Garbarino, CEO of tenant experience platform HqO, is geared up for growth. HqO will use this capital to expand its technology, double its engineering team and grow sales and business operations to accelerate national and international expansion. In recent months, the company has opened offices in New York City, London and Paris to fuel its continued growth. “We’re going to continue to invest in our platform and we’re going to look into ma…

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  • SoftBank’s $3 billion WeWork financing talks stall with Japan banks: sources

    REUTERS

    The Japanese technology conglomerate is now likely to enter the new year without the WeWork financing in place, the people said, adding the banks are also concerned about the risks involved in rescuing the U.S. office-sharing startup. Mizuho Financial Group Inc, Mitsubishi UFJ Financial Group Inc (MUFG) and Sumitomo Mitsui Financial Group Inc (SMFG) are seeking ways to provide the financing while offsetting exposure, the people said, declining to be identified because the information is not publ…

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  • How the ‘big 5’ bolstered their AI through acquisitions in 2019

    VENTUREBEAT

    The AI talent grab is real. This year alone, Pinterest CTO Vanja Josifovski jumped ship to Airbnb, while Pinterest hired Walmart CTO Jeremy King to head up its engineering team. Moreover, all the big tech companies, including Google and Apple, have for some time been vacuuming up AI talent through acquisitions — a recent CB Insights report noted 635 AI acquisitions since 2010, topped by Apple with 20 acquisitions. Elsewhere, Microsoft turned to online education platforms to help train a new gene…

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