Intel lured by ‘infancy’ of digital property with Cherre deal

Cherre, the NYC-based real estate data and analytics platform which boasts large real estate businesses Keller Williams and Oxford Property Group among its clients, has raised $16m in growth funding in a round led by Intel Capital. The latest investment brings the total capital raised to date to $25m. Other participants in the round included Navitas Capital, Carthona Capital, Zigg Capital, Dreamit Ventures, and a new growth debt relationship with Silicon Valley Bank. Cherre’s platform empowers l…

Zsolt Kholani of Pictet Alternative Advisors to join Investor Line-Up

Global Investor Perspectives To Take Center Stage At FUTURE PropTech London (19 February 2020) – FUTURE PropTech, part of the World’s number one real estate technology event series, will bring together global investors for “The Real Estate Investors Perspective” track on the morning of day 1. The track will feature a range of formats including panel discussions on “Real Estate Investment in a Changing World” and “Beyond PropTech: Future-Proofing Your Real Estate Portfolio.” Panellists wil…

Meet The 27-Year-Old Who Wants To Build The Tesla Of Housing

Joseph Daniels is unlike anyone you’ve ever met in the world of real estate and construction. At the age of 27, he has already been backed by one of Europe’s richest families and a hedge fund titan, met Indian Prime Minister Narendra Modi to discuss tackling the global housing crisis and built houses on two continents.  He wants to turn his company, UK-based Project Etopia, into the Tesla of housing, by which he means building high-quality, affordable homes that create energy rather than putting…

Office Software Company Envoy Unveils New Product Platform

The San Francisco-based startup, which has provided visitor management software since 2013, will now move beyond the lobby with a host of new workplace products, from conference room booking to a new employee app, it said in a blog post last week. With over 13,000 offices already using its guest check-in software, Envoy’s new product suite includes Envoy Rooms, which books meeting rooms, and Envoy Mobile, a mobile application for employees and office guests.

A/O PropTech Launches With €250M

A/O PropTech, a London, UK-based venture capital and private equity firm focused on proptech, has launched with €250m. The firm backs emerging-technology companies, enhancing the real estate industry at large, from Series A to later stage growth breakouts. It enables founders to create, iterate and scale disruptive tech-enabled products and platforms. It uses its $35bn+ strategic RE portfolio to test, integrate and scale the products and technologies we invest in and help accelerate their growth…

When Retail Startups Get Valued Like Tech Companies, Trouble Follows

Rent The Runway, the designer women’s fashion rental service, is private and doesn’t publish earnings but it would be surprising if it was profitable. It is valued at a cool $1 billion. Stitch Fix, the online personal styling service, makes money but its earnings are erratic. It is valued at $2 billion, over 50 times EBITDA (earnings before interest, taxes, depreciation and amortization).

The News Funnel Spotlight: Andrew Ackerman of Dreamit Urbantech

On this week’s Spotlight, The News Funnel is excited to feature Andrew Ackerman, Managing Director at Dreamit Urbantech. Since the launch of Dreamit Urbantech in 2017, Andrew has been closely involved with proptech and construction startups, leading them through the process of pitching to investors and securing funding. Outside of commercial real estate, you might find Andrew skiing or enjoying a good book. Read on to learn more about Andrew:

WeWork’s Troubles Increase Scrutiny On Other CRE Unicorns

Growing Bricks and More Ways to Shrink Concrete’s Carbon Footprint

Cars. Airplanes. Power plants. Cows. These are among the biggest sources of greenhouse gas emissions that scientists say are warming the climate. Another culprit? Concrete. The world’s most widely used construction material, concrete plays a significant role in emissions of carbon dioxide, a common greenhouse gas, simply for the sheer scale of its production. More than four billion metric tons of cement, a primary ingredient in concrete, is produced a year, accounting for

First American to buy Docutech for $350M

Title insurance giant First American has reached a deal to buy housing tech company Docutech for $350 million. The deal should close by the end of March, and Docutech’s current management team, including president and CEO Amy Brandt, will stay on board to lead the company, according to HousingWire.