Latest Trends and Insights in Real Estate Technology

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  • Patrizia acquires real estate crowdfunding platform BrickVest

    REALASSETS

    Real estate fund manager Patrizia has acquired a real estate crowdfunding platform that recently went into administration. The German-based company has bought BrickVest, a proptech business that was created in 2014 to enable individuals to participate in institutional-grade real estate deals. BrickVest raised close to £12m (€14.1m) and made a number of real estate deals before going into administration. It is the latest move by Patrizia into the burgeoning proptech sector. Last year, it invested…

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  • UK proptech fund PiLabs raises £17.5m for new fund

    PROPERTYWEEK

    The goal for the fund would make it Pi Labs largest to date⁠—five times the value of Fund 2. “The success of our first close of Fund 3 firmly cements our position as one of the leading European proptech VCs,” said Faisal Butt, chief executive, chairman, and founder of Pi Labs. “It is testament to the continued appetite for institutional capital to be invested into proptech.” In June 2019, Butt said Pi Labs would double the number of startups it funds over the next five years, giving each funding…

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  • H2O, a Japanese vacation rental management platform, raised $7 million in Series B funding from Samsung Ventures, Stonebridge Ventures, IMM Investment, and Shinhan Capital.

    TECHCRUNCH

    Japan’s tourism industry is booming, but it faces a hotel room shortage, especially in Tokyo as the country prepares for the Summer Olympics. H2O (the name stands for Hospitality 2.0) addresses the market opportunity with a platform that helps vacation rental owners manage their properties. The startup announced today it has raised $7 million in Series B funding from Samsung Ventures, Stonebridge Ventures, IMM Investment and Shinhan Capital, bringing its total raised to $18 million.

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  • Law Firms Join the Modern, Flexible Office Trend

    GLOBEST

    Law firms have been one of the mainstays in traditional office space; however, that trend may be shifting. Law firm leasing expert Jonathan J. Larsen at Avison Young, has seen more law firms considering small and more efficient workspaces. “I am seeing one broad trend among the majority of law firms—they are seeking smaller, more efficient and flexible office spaces,” Larsen, a principal, managing director and member of the US executive committee at Avison Young, tells GlobeSt.com. “This tre…

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  • Austin: The Next PropTech Hub

    CRETECH

    For the past decade, North America has been dominating headlines within the real estate technology (proptech) industry. Venture capital interest in proptech companies has seen a steady increase in the last few years, more so in North America than any other continent. This surge in interest is partly driven by the proliferation of companies that aim to transform the real estate landscape in the U.S.

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  • Fast-Growing Hotel Disrupter Raises $30M As Its Business Model Gets Put To The Test

    BISNOW

    A lean, tech-oriented hotel operator, Life House, has raised $30M in a Series B funding round, it announced this week, which comes as its business model is being put to the test. Life House’s model is to be hired by independent hotels, do a cosmetic refresh and use proprietary software to operate the property with minimal staff. At a typical Life House hotel, there may be just housekeepers and a community manager to welcome people and troubleshoot on-site. Functions like booking, check-in, accou…

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  • 1Huddle Closes $5M Series A Funding

    FINSMES

    1Huddle, a Newark, N.J.-based workforce tech company, raised $5m in Series A funding. The round was led by Tribeca Venture Partners with participation from Humbition, NRD Capital and Newark Venture Partners. The company intends to use the funds to increase staffing, accelerate growth, and meet global demand for its product. Led by Sam Caucci, CEO and founder, 1Huddle provides a training solution that upskills, trains and motivates employees through the use of science-backed, quick-burst mobil…

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  • Latest Front in Food Delivery: Kitchens in Empty Malls

    WSJ

    Property developers are building kitchens in empty mall space and parking lots to fill food-delivery orders, a new approach in the fast-growing business of shuttling meals to customers. The plan to make restaurant food for delivery in former retail space melds two industries that have been upended by e-commerce.

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  • CEO Who Celebrated WeWork’s Demise Must Fix Own Firm: Knotel

    THEREALDEAL

    As WeWork crumbled last year, one onlooker watched with glee. Amol Sarva, who as CEO of office-space firm Knotel had needled his high-flying rival for years, finally had his moment. “We’ve been waiting for the music to be over,” Sarva told the Financial Times. “And now the music is over, and it’s time to dance.” He strutted as WeWork lost $40 billion in value, ousted its CEO, slashed head count by thousands and slowed leasing in a mad scramble to trim losses.

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  • SoftBank Is Funding Every Side of a Bruising Startup Battle

    WSJ

    For two years, the legendary late-night snack spot El Moro relied on Uber Eats to deliver its churros and hot cocoa to takeout customers across the capital. Then, in late 2018, it dumped the Uber Technologies Inc. app for an exclusive deal with rival delivery startup Rappi Inc. “Rappi pursued us really aggressively,” said Santiago Iriarte, El Moro’s chief executive. The Colombian company offered to make deliveries for 10% of the price of an order, compared with Uber’s 30%. …

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