Proptech Startup Stavvy Raises $40 Million in Series A Funding

Office Tenants Expect Post-Pandemic Space Changes. Landlords? Not So Much

Landlords and occupiers aren’t exactly on the same page when it comes to future space usage. While 71% percent of commercial occupiers say the shift to remote work has fundamentally changed their long-term approach to space usage, 69% of landlords see no lasting impact from COVID-19, according to a survey of 200 tenants and 50 landlords from MRI Software and CoreNet Global.

Digital mortgage platform Snapdocs valued at more than $1B

The startup has raised $150 million in a series D funding round, bringing the value of the company to more than $1.5 billion, Inman reported. The latest round was led by Tiger Global with participation from Sequoia, Y Combinator, F-Prime, Maverick, Alkeon, and Wellington Management.

Proptech hits puberty: Insights from Camber Creek’s Casey Berman

Total addressable market, or TAM, is a metric investors use to figure out whether a sector is worth their trouble. With a tiny TAM, even a home-run investment in a startup may not generate the return investors crave. Target a big TAM, however, and things get a lot more interesting.

Insurtech startup Obie raises $10.7M Series A led by Battery Ventures

Obie, which has developed an insurtech platform for landlords, has raised $10.7 million in a Series A funding round led by Battery Ventures. Thomvest Ventures, Funders Club, MetaProp and Second Century Ventures also participated in the financing.

Gorillas’ Ten Minute Grocery Delivery to Launch in the U.S.

NEW YORK–(BUSINESS WIRE)–Gorillas, the on-demand grocery delivery startup and the fastest European startup to reach unicorn status, is launching its operations in the U.S. on May 30. Providing on-demand grocery delivery service in ten minutes or less, Gorillas will begin its U.S. expansion with service in Bushwick, which includes parts of Williamsburg and Downtown Brooklyn, which includes the Boerum Hill, Cobble Hill and Carroll Gardens neighborhoods, with plans to expand to additional areas o…

Peloton to invest $400 million to build its first U.S. manufacturing facility in Ohio

Peloton said Monday it will invest $400 million to build its first factory in the United States to speed up production and delivery of its popular cycles and high-end treadmill machines.

Dangling Carrots And Wielding Sticks: Employers Aim To Accelerate ‘Slow Drip’ Return To Office

At Crocker Partners’ 11M SF of offices across the Southeast, occupancy has stubbornly hovered around 25% over the past six months.  But as vaccination rates have risen and restrictions have lifted, its offices are more like 35% filled this month, Managing Partner Angelo Bianco said, a disappointingly low number for this point in the year….

Proptech Startup Stavvy Raises $40 Million in Series A Funding

On Monday, Stavvy announced that it had raised $40 million in Series A funding, led by Morningside Technology Ventures. The company declined to disclose its valuation following the round. Based in Boston, Stavvy runs a service for mortgage lenders to have important real estate documents signed and notarized online.

Blockchain startup Propy plans first-ever auction of a real apartment as a collectible NFT

We previously wrote about Propy using blockchain technology to smooth real-world real estate sales by introducing the concept of smart contracts. Propy was the first blockchain startup to make that work. Now the company is pushing the boundaries again, by auctioning a real apartment as an NFT. Although one might want to brush this aside as a stunt, the event is designed to make the point that it could well be done legally. And, by golly, they are going to try….