Medici Living Raises $1.1B To Become ‘The WeWork Of Co-Living’

A Berlin-based co-living company has raised €1B ($1.1B) of capital to undertake what it says is the largest-ever investment in the nascent sector, as part of its plan to become “the WeWork of co-living.” Medici Living has teamed up with Frankfurt-based Corestate Capital to buy and build as many as 35 co-living facilities in Europe — and it is planning an even larger expansion in the U.S.

Proptech startup Healthy Workers raises €1.5 million for software that increases office workers’ happiness and productivity

Amsterdam – Healthy Workers raised 1.5 million euros in funding from strategic investors. The Amsterdam based proptech (*) startup offers companies a user-friendly online data platform to enhance the experience and well-being of employees in their offices. The investment round was led by Cairn Real Estate. In addition, Dura Vermeer, Impact Vastgoed, Eddy Smit (CEO of MVGM) and real estate developer Daan van der Vorm (VORM Ontwikkeling) have joined in….

Who’s That Knocking at the Door? Do Me a Favor, Touchscreen Them In!

ButterflyMX’s cloud-based platform creates a frictionless building entry experience for residents of Presidential City in Bala Cynwyd, PA.

ButterflyMX’s video intercom technology couples a wall panel touch screen with a smartphone app

BALA CYNWYD, PA—It’s not your grandfather’s apartment intercom, that’s for sure.

Bridging the Gap Between Tech, CRE

In a podcast interview, JLL Spark’s Mihir Shah discusses how real estate companies can improve their operations through targeted investment in technology startups. Mihir Shah is co-CEO of JLL Spark, a division that JLL launched last year to deepen the companies proptech capabilities. JLL Spark plans to invest as much as $100 million in tech startups within the commercial real estate space.

The Power and Potential of Augmented Reality to Transform CRE

Space as a Service to Catalyze Visualization Advances The visualization side of commercial real estate has remained stagnant for decades and any solutions for “space tours” never scaled. I have long been interested in understanding what has stopped CRE from embracing a head-to-toe reimagining of the property tour. It comes down to timing. Augmented Reality (AR) is a technology long on hype and short on results—for now. Despite undelivered promises since the 90s in sectors far beyond rea…

After committing $15M, NAR walks away from Upstream

After pumping $15 million into UpstreamRE, the National Association of Realtors is ditching the data management platform. The organization announced on Wednesday that it will no longer serve as Upstream’s vendor, Inman reported.

Storefront Named Winner of Prestigious Real Estate Tech Award

New York, NY – December 6, 2018 – Storefront, the world’s largest online marketplace for renting short-term retail space, is pleased to announce that they are a Real Estate Tech Awards (#RETAS) winner in the Co-Working/Pop-Up Retail category, presented by CREtech (cretech.com), the leading event, content and connectivity platform for the commercial real estate industry. The #RETAS are the most prestigious award for tech startups and founders. For the past five years, CREtech has used the #RET…

City’s leading VC says crypto has hit bottom

After advising that investors sell at the January peak, Fred Wilson says it’s time to take a fresh look at the sector Fred Wilson is probably New York’s most successful venture-capital investor. His firm, Union Square Ventures, was an early backer of Twitter, Etsy and Kickstarter, to name a few. So it was interesting when Wilson declared today that cryptocurrencies are starting to look interesting again after the big bust. …

Co-Living Company Raises €1B For Massive U.K. And European Push To Become ‘The WeWork Of Co-Living’

Berlin-based co-living company Medici Living has raised €1B to undertake the largest investment in the nascent sector anywhere in the world so far. Medici has teamed up with Frankfurt-listed investment manager Corestate Capital to deploy €1B of equity and debt over the next three to five years to buy and develop 35 co-living facilities comprising up to 6,000 units across Europe. The facilities will be operated under Medici’s Quarters brand.

#PropTech Venture Capital Trends from November

According to RE:tech, venture investors deployed over $3.2 billion into real estate tech startups in November. The majority of this capital went to just three companies. WeWork raised $3 billion, while Nested and PropertyFinder raised just over $120 million each. All other earlier stage real estate tech startups split the remaining $34 million of total funding in November.