Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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  • Singapore-based Proptech Firm Fraxtor Aims to Democratize Investment in Real Estate

    CROWDFUNDINSIDER

    Property investment for the average person usually involves making investments in projects that have already been completed. However, there’s now an opportunity to invest in property projects before they’re actually completed. This has been made possible by leveraging blockchain technology. It can take several years or longer to develop property projects from the ground up, and it can also be a risky process. This domain has been limited mainly to property developers who have adequate financial …

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  • Airbnb invests as Zeus corporate housing raises $55M at $205M

    TECHCRUNCH

    As Airbnb absorbs more and more of the demand for housing, it’s exploring how to monetize opportunities beyond vacation rentals. A marketplace for longer-term corporate housing could be a huge business, but rather than build that itself, Airbnb is making a strategic investment in one of the market leaders called Zeus Living, which will list its homes on the Airbnb site. In just four years of redecorating landlords’ homes and renting them to relocated workers for 30-day stays (or longer), Zeus Li…

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  • Zillow Offers expands to Los Angeles and Orange County

    INMAN

    “In the 20 months since we first introduced Zillow Offers, we’ve seen that there is a strong appetite for another option when it comes to selling a home,” Jeremy Wacksman, Zillow’s brand president, said in a prepared statement. “We’re thrilled to launch Zillow Offers today in one of the largest markets in the country, and look forward to easing the friction and helping sellers move to the next stage of their life without the hassle and uncertainty of a traditional home sale.” Zillow Offers works…

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  • Sidewalk Labs co-founds venture capital fund to invest in urban tech

    SMARTCITIESWORLD

    Alphabet-owned Google sibling Sidewalk Labs is partnering with Plaza Ventures to set up a new venture capital fund. Quayside Venture Partners (QVP) will invest in Canadian start-ups focused on issues such as sustainability, mobility and housing affordability. The fund will include a $10 million commitment from Sidewalk Labs, tied to its proposed Quayside development in Toronto. It is expected that Canadian investors will make up at least 50 per cent of the fund.  

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  • As WeWork Stumbles, These 11 Co-Working Companies Could See New Opportunity

    CBINSIGHTS

    WeWork’s failed attempt to go public led to a slashed valuation and a diminished ability to invest in rapid growth. Co-working rivals may spy an opportunity. Once one of the world’s fastest-growing and most highly-valued startups, WeWork is gaining a new reputation. The company saw its valuation spiral after scrutiny surrounding its now-withdrawn IPO revealed that it had lost an astounding $1.9B in 2018. Further, it was revealed that its co-founder and former CEO Adam Neumann had engaged in …

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  • Proptech: Track, a Property Manager for Homeowners, has Raised Nearly £160,000 of its £250,000 Fundraising Target on Seedrs

    CROWDFUNDINSIDER

    A real estate business that received the backing of Property Innovation (Pi) Labs, a leading Proptech VC, is raising equity capital through crowdfunding. Track, which serves as a property and fund manager for homeowners, is raising £250,000 (appr. $328,000) on Seedrs for 11% of company equity. Track has raised nearly £160,000 from 48 individual investors, which is roughly 65% of its fundraising target (at the time of writing). Track has valued itself at £2 million (appr. $2.6 million). The compa…

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  • Startup Life Stories: A PropTech Founder’s Worst Day Ever

    FORBES

    In the final installment of the #StartupLife series for 2019, I am making things personal. The PropTech startup founders who agreed to be a part of the series opened up their hearts and shared the worst and best moments in their careers to date for the readers of this column.  Startups are consumed by four main things: their team, their product, getting funding and capturing clients. Their failures and successes in each of these endeavors are what make their days good or bad. Today, we will look…

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  • Are We Heading Towards a Reckoning of Startup Valuations?

    CRETECH

    Since I began working in the late ‘80s, I’ve weathered many market cycles. Some were mild, others devastating. Each time, however, similar mistakes and patterns emerged. Market cycles went south once greed led to lax vetting from banks, lenders, and investors. In today’s tech ecosystem, the same pattern has emerged; when cash is plentiful, entrepreneurs too often take the bait and fall into a trap that untimely leads to pain and suffering.    

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  • Are We Heading Towards a Reckoning of Startup Valuations?

    Michael Beckerman

    Since I began working in the late ‘80s, I’ve weathered many market cycles. Some were mild, others devastating. Each time, however, similar mistakes and patterns emerged. Market cycles went south once greed led to lax vetting from banks, lenders, and investors. In today’s tech ecosystem, the same pattern has emerged; when cash is plentiful, entrepreneurs too often take the bait and fall into a trap that untimely leads to pain and suffering.     Now that I have worked in the real estate…

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  • Sonder Puts Hilton and Marriott in Its Sights as It Moves Into Hotel Business

    SKIFT

    Hospitality company Sonder has ambitions to become the next-generation Hilton or Marriott as part of its plan to radically redefine the industry. The San Francisco-headquartered firm has raised a total of $360 million in funding and has been putting the money to use growing in cities across the world. Speaking at Skift Short-Term Rental Summit, Sonder co-founder and CEO Francis Davidson said it was important to learn from the big hotel companies but then rework how to do things better and more e…

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