Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
VENTUREBURN
Proptech startup Flow, which last year raised R20-million in a seed round, is set to close a second seed round at the end of this month, the Johannesburg based company’s CEO Gil Sperling revealed today. Sperling (pictured above, middle, with co-founders Daniel Levy, right and Jonathan Liebmann, left) confirmed in a call with Ventureburn today that Vunani Capital is participating in the round.
CRETECH
This week witnessed several relatively large deals in real estate tech venture capital. Most of this week’s capital went to companies that focus on lease process management, home improvement, parking management and smart key solutions. Porch, Seattle-based provider of a home improvement marketplace, raised $21 million as part of a Series C round. Porch matches customers with home services professionals for improvement projects. The company is currently pushing towards profitability. FlashParking…
GLOBEST
Recent studies have concluded that more than 25% of traffic congestion incidences around the world can be attributed to the scarcity of parking spaces, according to TrafficTechnologyToday.com. The cloud-based parking industry is growing more rapidly with the assistance of capital partners.
WSJ
FORBES
Changes that result from technological breakthroughs are not always positive. A couple of months ago, reading the article “Digital dystopia: how algorithms punish the poor,” which outlines technology’s ability to negatively impact the most vulnerable, made me reflect on the impact of technological innovations on the real estate industry.
MILLIONACRES
The telecommunications industry is in the beginning stages of rolling out its fifth-generation (5G) standard for mobile service. It promises download speeds 100 times faster compared to the current 4G system, which will allow for increased connectivity between mobile devices. Because of that, it will be a game changer for our increasingly data-driven society. As a result, the rollout of 5G, which will become more pronounced in 2020, will have major implications for the commercial real estate sec…
SMARTCITIESDIVE
The future of smart city mobility dominated the conversation at this year’s CES show. With panelists, exhibitors and attendees abuzz about the latest advancements in flying taxis, autonomous shuttles and even grocery-carrying robots, we’ve recapped three main mobility takeaways from the event.
FINSMES
KeyMe, a US smart key company, closed a $35m financing round. The round was led by Brentwood Associates. The company intends to use the funds to scale its presence across the U.S. Launched in 2012 by Greg Marsh, Founder & CEO, KeyMe operates smart kiosks, which provide a variety of locksmith services, including key duplication for advanced electronic keys such as vehicle keys with transponders and RFID keys.
INQUIRER
The global commercial real estate firm CBRE is teaming with the owner of the 1818 Market St. office tower on two stories of shared space at the Center City high-rise that would compete with the likes of WeWork. The 50,000-square-foot coworking space, which is set to open during the last three months of 2020, is the seventh to be announced under CBRE’s Hana brand of collaborative offices and will be its first to open in the Northeastern United States. …
PROPERTYIDX
PROPERTYIDX, New York City’s largest investment sales marketplace with over $25 billion in exclusive mixed-use, multifamily and commercial properties, marks a massive milestone for the greater commercial real estate market. In a first for the commercial real estate industry, PROPERTYIDX announced the launch of Listing Intelligence™, the industry’s first-ever real-time market intel and benchmarking platform for investment sales professionals.
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