Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
NMHC
The National Multifamily Housing Council (NMHC) has announced the five finalists for its 2019 Innovation Challenge. Every year, the Challenge seeks innovative solutions to vexing apartment industry challenges. This year’s challenge sought solutions for reducing the construction costs or time to bend the cost curve of housing production as a way to address the nation’s housing affordability crisis.
YAHOO FINANCE
Verizon (VZ) CEO Hans Vestberg on Thursday said that 5G connectivity will have an enormous impact on how consumers and businesses operate across the globe. “This is one of the most important technologies to transform the world,” Vestberg said during the Yahoo Finance All Markets Summit in New York. (Note: Verizon is the parent company of Yahoo Finance) According to Vestberg, Verizon has three main business cases for 5G. There’s the main consumer use case, which includes 5G smartphones; the…
NEXKEY
Nexkey, an end-to-end provider of mobile access control solutions, today announced that it has raised a $6 million Series A round led by Upfront Ventures. Manu Kumar’s K9 Ventures, Mark IV Capital and Anand Chandrasekaran, former Head of Platform for Messenger at Facebook also participated in the round….
JONES
Jones completes $8M seed round to accelerate adoption of compliance network for commercial real estate owners, managers and developers. Oct. 10, 2019 (NEW YORK CITY) Jones, a New York City based commercial real estate startup, announced today an additional $4.6 million venture round led by Hetz Ventures alongside JLL Spark, WeWork, MetaProp Ventures, GroundUp Ventures and 500 Startups. The company raised $8 million to date. Jones provides a software-as-a-service solution helping commercia…
GLOBEST
In 2017, Vanessa Anderson joined Truss, a real estate technology company that created an online marketplace for commercial real estate leasing, to manage the supply side of the market. As VP of Operations, she has spearheaded the creation of a modernized, automated, and comprehensive commercial real estate listing database in 10 major US markets. She used innovative techniques and cutting-edge technology to gather and maintain the listing data in the challenging CRE data environment.
TECHCRUNCH
Einride, the Swedish autonomous vehicle startup known for its futuristic pods designed to haul freight, has raised $25 million in a Series A round that will be used to fund its expansion into the United States. The round was co-led by EQT Ventures and NordicNinja VC, a fund backed by Panasonic, Honda, Omron and the Japan Bank for International Cooperation. Other investors joining the round include Ericsson Ventures, Norrsken Foundation, Plum Alley Investments and Plug and Play Ventures. The st…
CREtech
The World’s Most Influential Commercial Real Estate Tech Conference Is Coming To Brooklyn This Week New York, NY (October 11, 2019) — CREtech (cretech.com), the leading event, content and connectivity platform for the commercial real estate technology industry has announced its final list of confirmed speakers for their flagship NYC conference. The 2019 CREtech NYC Conference will be held this week on October 16th and 17th at Dock 72 in Brooklyn and will be the largest commercial real estate t…
FINSMES
Sweepr, a Dublin, Ireland-based provider of a smart-home customer service platform, raised a $9m in Series A funding. The round was led by Draper Esprit, with participation from Frontline.vc. The company intends to use the funds to continue to expand operations and its business reach. Founded in 2017 and led by CEO Alan Coleman, Sweepr provides a voice-activated smart-home customer service platform to reduce stress for residents and support teams alike. The platform allows service prov…
BISNOW
Embattled coworking behemoth WeWork has opened five locations in Northern California to people in need of power during Pacific Gas & Electric Co.’s massive power shut-offs, the company said Thursday. The company is making available San Francisco locations WeWork at Waterfront Plaza (50-60 Francisco St.), WeWork at 995 Market St. and WeWork at 1460 Mission St., as well as its 75 East Santa Clara St. location in San Jose and The Towers at Emeryville at 1900 Powell St.
CRUNCHBASE
WeWork’s impending layoffs are coming into sharper focus after the highly valued and well-funded unicorn reckons with the wreckage of its attempt to go public. The We Company, parent company to popular coworking brand WeWork, tried to go public this year, only to meet a fusillade of criticism after its filing became public. Obtuse financials, staggering losses, a messy CEO, and more led investors to pass on its shares, leading to their rapid devaluation during the IPO process….
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