Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
THE REAL DEAL
A crowdfunding platform is piling into Opportunity Zones. CrowdStreet is launching a $20 million fund that will target new developments and redevelopments in small and mid-market designated Opportunity Zones, the Oregon-based firm said Monday. The firm did not specify in which cities it is looking to place investor capital. However, the targets do not appear to be major gateway markets….
MeetElise
New York, NY – MeetElise is bringing artificial intelligence (AI) to the apartment industry and recently announced a $1.9 million series seed financing round led by Golden Seeds. Several MeetElise customers also invested, including the second and third largest US residential real estate owners (Equity Residential and AvalonBay Communities) and major New York City real estate players (Stonehenge Management and The Durst Organization). Real estate technology venture capital firms Navitas Capita…
TECHCRUNCH
Shopify, the shopping technology developer that’s quickly becoming the anti-Amazon, has taken another step up the sales supply chain with its $450 million acquisition of the warehouse automation and management technology developer, 6 River Systems. The acquisition will serve to boost efficiencies among Shopify’s Fulfillment Network service, which launched in June. The acquisition gives Shopify access to the robotics experts who helped develop Amazon’s own robotics business when they were a…
BISNOW
Looking to make residents in your apartment building happier? Call up Marcela Sapone. Sapone is the CEO of Hello Alfred, a “resident experience platform” she co-founded with Jess Beck in 2014 with a big goal: change the way people are living in cities, and free up their time to devote to something meaningful. Alfred Home Managers take care of menial tasks for residents, like grocery shopping (including unloading them into your fridge) or tidying up while residents are at work. Hospitality Man…
METAPROP
Zillow Alum and HomeLight’s Director of Business Development to expand PropTech VC fund into San Francisco Bay Area New York, New York (September 9, 2019) — MetaProp, the NYC-based venture capital firm focused on the ever-emerging PropTech Industry, announced today that Maria Seredina, Director of Business Development at HomeLight, and a Zillow vet, has joined the firm as a Venture Advisor. At MetaProp, she will serve as an Advisor next to Elie Finegold and will be acting as a first-time liais…
BUILDING ENGINES
Building Engines, the commercial real estate (CRE) industry’s innovation leader in SaaS property management solutions, today announced that it has been chosen as the first place winner in the Property & Facility Management category for the sixth annual CREtech Real Estate Tech Awards (#RETAS), presented by CREtech and JLL Spark. The #RETAS recognize the most innovative and cutting-edge companies that have played an integral role in advancing tech in the commercial real estate industry….
CREtech
By Ben Liao We are thrilled to welcome ten startups from around the world to convene in Toronto, Canada for the 2019 Colliers Proptech Accelerator powered by Techstars. We have reached a tipping point in Proptech, the intersection of tech and real estate, with hundreds of applications to our program from each region around the world this year. We received applications from an unprecedented 50+ countries, resulting in the selection of 10 amazing teams! I’m proud to have them join us …
WSJ
WeWork’s parent is eyeing a valuation for its initial public offering that could fall below $20 billion as some existing investors push the workspace company to shelve the planned offering, people familiar with the matter said. Despite plans to begin a roadshow to market the shares to new investors as early as Monday, We Co. and its underwriters are planning to hold meetings this week among themselves and with investors to figure out what changes may be needed to help garner enough demand f…
GEEKWIRE
Savvy Lane is making moves in the crowded field of companies using tech to disrupt traditional real estate practices. The 4-year-old Seattle startup announced this week that it has raised $2 million in a new funding round and plans to expand upon its West Coast footprint. The funding was led by what Savvy Lane called “a notable public company targeting innovative property tech solutions.” Savvy Lane, which currently has an operations team of eight employees along with about 12 real estate age…
FAST COMPANY
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