NEW! Creating Value From Change, Part 1
CREtech+
Mandi Wedin, Founder & CEO of Feroce Real Estate, discusses her holistic approach to sustainable investing, and how to create long term value through a focus on ESGR.
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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Two partners join Pi Labs Fund III
PlaceTech
Moorfield Group and Elkstone Partners have become the latest limited partners to join Pi Labs’ third institutional fund, Fund III. By participating in the fund – which announced a €23m first close last year and has already invested in 17 companies – the LPs will be able to trial, pilot and deploy the technology Pi Labs supports across their portfolios.
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Green light for London’s ‘most sustainable tower’
PlaceTech
Dutch developer EDGE has received planning permission for what it says will be the UK capital’s greenest tower. Designed by Pilbrow & Partners to achieve both BREEAM Outstanding and WELL Platinum certification, EDGE London Bridge is a 27-storey, 260,000 sq ft tower that “promises to maximise the wellbeing of its occupants”, the developer said.
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Vacation rental company Vacasa to go public this fall via SPAC merger with TPG Pace Solutions
CNBC
The Covid delta variant is not stopping travel company Vacasa from going public. Riding the vacation rental boom, Vacasa is set to go public this fall through a merger with TPG Pace Solutions, a special purpose acquisition company. The $400 million transaction would give the Portland, Oregon based company a $4.5 billion valuation.
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This New Company Will Let You Stay in Apartments Around the World for As Little or Long As You Like
Travel + Leisure
The rise of the digital nomad has never been stronger. In 2020, nearly 11 million Americans identified as digital nomads, up from 7.3 million in 2019. Though millions more people can now live and work from anywhere, they will need a place to stay. Sentral, a network of urban residential communities, is hoping to fill that gap. In July, Sentral launched a “new category in flexible living that redefines the way people live, travel, and work.” This new category, called Home+, “combines…
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HOURS LEFT TO APPLY FOR THE REAL ESTATE TECH AWARDS (RETAS)
CREtech
Winners get stage time at CREtech New York or CREtech London this fall! Apply by midnight to the 8th Annual Real Estate Tech Awards (RETAS). Applications take 10 minutes!
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Landis raises $165M with funding from Will Smith, Jay-Z–backed company
The Real Deal
Will Smith and a company backed by Jay-Z are betting on a startup that seeks to make homeownership easier to obtain. Will Smith’s Dreamers VC and a company backed by Jay-Z’s Roc Nation participated in a $165 million capital raise for Landis, which seeks to help renters become owners. The funding round was led by venture capital firm Sequoia Capital and included debt and Series A equity financing.
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Multiplex Successfully Launches Bridgit Bench Across Canada
Bridgit
TORONTO, CANADA, JULY 28, 2021 – Bridgit, the leading construction workforce intelligence technology company, announced today that Multiplex Construction Canada Ltd. (Multiplex) has successfully implemented and launched Bridgit Bench across their Canadian operations. Bridgit Bench enables Multiplex to enhance their workforce planning, pursuit tracking, and scenario running. Established in Australia in 1962, Multiplex has delivered over 1,000 projects around the world, with more than…
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Blackstone Hires Stevi Petrelli as Head of Blackstone Innovations Investments
Blackstone
New York, July 27, 2021– Blackstone (NYSE:BX) announced that Stevi Petrelli has joined the firm as Head of Blackstone Innovations Investments (BXI Investments) where she will be responsible for overseeing the firm’s internal investments in early-stage PropTech, Enterprise Tech, Cybersecurity and FinTech companies. She has joined as a Managing Director and, in this newly created role, will work across Blackstone’s Technology & Innovations, Growth, Real Estate, Private Wealth Solutions and Fin…
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Cyber Startup At-Bay Valued at $1.35 Billion After Funding Round
Bloomberg
At-Bay Inc., an insurance startup focused on cyber coverage, raised $185 million in a funding round that valued the company at $1.35 billion. Icon Ventures Inc. and Lightspeed Venture Partners led the round, which brought At-Bay’s total funding raised to $272 million, the company said Tuesday in a statement. The startup also said it will add Icon’s Preeti Rathi to its board. Large, frequent ransomware attacks in the past year have spurred many insurers to pull back on coverage or raise pri…
