Latest Trends and Insights in Real Estate Technology

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  • Startup Tokenizes $2.2B in Commercial Real Estate Through Polymath

    COINDESK

    According to Red Swan CEO Ed Nwokedi, $780 million of that is available to investors in pre-sale, while the company has another $4 billion in real estate in its tokenization pipeline. The $2.2 billion represents 16 different Class A commercial properties based in Austin and Houston, Texas, Brooklyn, N.Y., Oakland, Calif., and Ontario, Canada. Tokenization has struggled to transform the multitrillion-dollar real estate market as institutions hesitate to re-engineer back offices until the…

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  • European proptech is on the rise, as sector funding grows 550% in five years: research report

    TECHEU

    Proptech investment fund PropTech1 Ventures has put together a solid research report on – surprise – proptech. More specifically, the firm is today releasing an analysis of the European proptech landscape, examining trends and key market developments in this growing space. The report, which you can download free of charge here, shows that the sector is showing consistent signs of growth over the past few years despite its relatively early stages of development in Europe….

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  • Convene and Lane Join Forces for Investment Partnership

    GLOBEST

    NEW YORK CITY- Flexible workplace provider Convene has partnered with work experience platform provider Lane to launch a strategic partnership. Convene will become an investor in Lane to further the Toronto-based company’s interests in the U.S., and Lane will promote Convene as its partner of choice for amenity-rich and flexible workplaces. …

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  • SoftBank-Backed Oyo to Cut About 5,000 Jobs in Overhaul

    BLOOMBERG

    Oyo Hotels is cutting its global workforce by about 5,000 to 25,000 people, with the deepest reductions in China after business there crumbled in the wake of the coronavirus outbreak. The Indian startup, one of the largest in SoftBank Group Corp.’s portfolio, is reducing staff in China, the U.S. and its home country as it seeks to boost profitability. Oyo expanded rapidly after its founding in 2013 and reached a valuation of $10 billion, but investors have soured on money-losing businesses after…

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  • Proptech Startup Strata Raises $1.5 Mn From SAIF Partners, Mayfield India

    INC42

    Real estate investment platform Strata has raised $1.5 Mn funding in seed round led by SAIF Partners and Mayfield India. Real estate data analytics platform PropStack and three angel investors have also participated in the round. The Bengaluru-based proptech startup plans to use this funding to double its workforce to over 45 employees by hiring for tech and investor relations roles. Besides this, the company is also planning to expand to metros beyond Bengaluru and Mumbai, and also strengthen …

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  • The Rental Tour of the Future Through AR/VR

    GLOBEST

    SAN FRANCISCO—roOomy, a virtual staging, CGI and 3D modeling platform, is partnering with Toll Brothers Apartment Living to create a custom application for Magic Leap’s spatial computing device, Magic Leap 1. This partnership is a result of Magic Leap’s independent creator program, a grant-based initiative to give developers funding and support to create experiences on the Magic Leap 1, a lightweight wearable augmented reality/AR headset that blends digital and physical worlds. …

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  • SoftBank-Backed Oyo to Cut About 5,000 Jobs in Overhaul

    BLOOMBERG

    Oyo Hotels is cutting its global workforce by about 5,000 to 25,000 people, with the deepest reductions in China after business there crumbled in the wake of the coronavirus outbreak. The Indian startup, one of the largest in SoftBank Group Corp.’s portfolio, is reducing staff in China, the U.S. and its home country as it seeks to boost profitability. Oyo expanded rapidly after its founding in 2013 and reached a valuation of $10 billion, but investors have soured on money-losing businesses after…

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  • TrueHome snags US$8.8 million with Class 5 Global and monashees

    CONTXTO

    Mexican proptech TrueHome had been quiet about its latest equity raising, but the startup revealed today (8) that it raised US$8.8 million in a Series A round. Class 5 Global and monashees co-led the investment. They were joined by FJ Labs and Mountain Nazca. In the latter’s case, this is the second time it’s invested in the proptech. TrueHomehad previously raised a seed round for US$1.3 million with this Mexican venture capital (VC) firm.

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  • PlanRadar Raises Series A Funding Round Of €30 Million To Boost Digital Transformation In Construction And Real Estate

    CRETECH

    MARCH 2020, NEW YORK PlanRadar, Europe’s leading PropTech SaaS solution for digital documentation & communication in construction and real estate projects, has secured €30milion in Series A funding. The milestone deal comes at a time when the $10tn global industry’s productivity slump continues to stunt sector growth, with reports showing the potential for a massive $1.6tn in added value if properly modernised. This is a flagship deal for the German-speaking region in which the Viennese comp…

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  • Demand for flexible space transforming office markets

    JLL

    Tenant demand for more flexible space options is forcing a dramatic shift in the office market as building owners adapt to occupier needs. In the U.S., the flexible space sector has grown at an average annual rate of 23% since 2010. That compares with just 1% average annual occupancy growth in the broader office market. Industry giants WeWork and IWG control approximately half of the flexible space market by rentable building area, but there are many other flexible space operators worldwide….

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