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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  • Micromobility Data Startup Populus Raises $5M from Investors

    Government Technology

    Populus, a startup whose software helps cities manage streets, micromobility and curbs, has raised $5 million from investors. The company’s fundraising comes after it launched a new solution, Street Manager, last year. That tool was meant to help cities plan and enforce shared streets, slow streets and other closure programs. On top of that, Populus delivers data on things such as e-scooter trips and curb parking demand….

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  • Why Procore’s IPO is back on, View’s foggy Nasdaq debut

    The Real Deal

    Bolstered by a housing boom and uptick in construction, Procore filed an updated S-1 registration statement on March 2. In the filing, the company said its revenue grew 38.4 percent last year to $400.3 million.

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  • WeWork unbundles its products in an attempt to make itself over, but will the strategy work?

    TechCrunch

    For years, there was a debate as to whether WeWork was a tech company or more of a real estate play. At first, most people viewed WeWork as a real estate startup disguised as a tech startup. And as it kept scooping up more and more property, the lines continued to blur. Then we all watched as the company’s valuation plummeted and its IPO plans went up in smoke.

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  • Two SPACs led by Russell Galbut and Michael Liebowitz each file for $100M IPOs

    The Real Deal

    The two partners, who last year raised $115 million for their New Beginnings Acquisition Corp. blank check company, filed initial public offerings for two more companies, New Beginnings Acquisition Corp. II and New Beginnings Acquisition Corp. III, each targeting $100 million raises.

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  • Tech-Oriented Cities Have Thrived During The Pandemic

    Bisnow

    Milken Institute, a Santa Monica, California-based nonprofit that focuses on issues related to human, financial and social capital, recently published its Best-Performing Cities 2021 report that detailed the nation’s top growth nexuses with Provo-Orem, Utah, ranking as the top-performing large metro area with a population over 100,000.

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  • Short Sellers Boost Bets Against SPACs

    Wall Street Journal

    Investors who bet against stocks are targeting special-purpose acquisition companies, one of the hottest growth areas on Wall Street. The dollar value of bearish bets against shares of SPACs has more than tripled to about $2.7 billion from $724 million at the start of the year, according to data from S3 Partners.

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  • Occupier Raises $5M Seed Round to Bring Commercial Real Estate Online

    PR Newswire

    NEW YORK, March 11, 2021 /PRNewswire/ — Occupier, a company that helps businesses navigate the complexities of managing a portfolio of real estate leases, and ensure compliance with new accounting standards, has finalized a funding round of $5M. The round is led by Alate Partners and MetaProp, with participation from Second Century Ventures, Thomson Reuters Ventures, and commercial real estate industry leaders across the U.S….

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  • The ex-Goldman Sachs-er trying to upend residential real estate

    AXIOS

    You may never have heard of Jack Ryan, but if he succeeds, it could cost you a lot less to buy and sell a home. Why it matters: The deep-pocketed CEO of a disruptive real estate brokerage called REX, Ryan contends that inflated commissions are sapping Americans’ nest eggs and pushing homeownership out of reach — and he’s backing a major campaign against the establishment.

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  • The Innovators: Industrious CEO Jamie Hodari

    Bisnow

    Anyone who thinks “slow and steady wins the race” is a dated pearl of wisdom should evaluate the state of coworking at the moment. Millions of square feet around the country are being vacated as the sector’s largest players either give back space, restructure through bankruptcy or go completely belly up. Then there’s Industrious. …

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  • Compass’ costs to scale, LinkedIn and Zynga founders to take Hippo public

    The Real Deal

    The six-year-old company is set to go public by merging with a blank-check company backed by LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus. The deal values Hippo at $5 billion — nearly five times its valuation in July 2020.

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