Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
A/O PropTech
PassiveLogic, creators of the first fully autonomous building controls platform, has secured $16 million in funding. Leading the Series A round are venture capital funds Keyframe Capital and Addition. Other investors include RET Ventures, A/O Proptech, and NREP.
Crunchbase News
Funding to North American startups did not slow down in the just-ended quarter. In fact, deal-making at the later stages picked up, as did big-ticket acquisitions and public market debuts for a slew of heavily funded venture-backed companies.
The Real Deal
At a time when the pandemic is tossing property values around like laundry in a washing machine, StreetEasy has launched a new tool to tell New Yorkers what their homes are worth.
Fossil Fuel Non-Proliferation Treaty
Today, Vancouver officially became the inaugural city to endorse the Fossil Fuel Non-Proliferation Treaty. Endorsement of the treaty initiative aimed at advancing an equitable transition to clean energy and low-carbon solutions passed by unanimous vote.
The Real Deal
Porch’s merger with a blank-check company will wipe out its history of losses and set the stage for massive revenue growth, according to the startup’s chief executive.
The Wall Street Journal
A $185 million consulting deal that SoftBank Group Corp. signed with WeWork co-founder Adam Neumann upon his departure last year is no longer in place, a WeWork executive chairman said.
Bisnow
Coworking operators have seen massive drops in business, as the coronavirus has prevented many from stepping foot into an office in months.
Crunchbase News
AiFi, a San Francisco-based startup that develops autonomous retail technologies, raised $14.5 million to significantly expand the number of stores that use its technology.
Gensler Research & Insight
After months of working from home, our expectations of the workplace and what it means “to work” and “be in a place” are facing an unprecedented shift.
The Wall Street Journal
Signs of pressure on New York City’s commercial properties are fueling investor bets that trouble in the nation’s largest real-estate market could spread pain nationwide.
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