CRETI · Center for Real Estate Technology & Innovation’s Post

Proptech funding is picking back up. In a recent article by Philip Russo of the Commercial Observer with insights by Raja Ghawi of Era Ventures and Gavin Myers of Prudence and venture capital research and insights by Ashkán Z. and CRETI · Center for Real Estate Technology & Innovation, optimism combined with a long-term view has many in the industry bullish on innovation and entrepreneurship in the sector. Read article: https://lnkd.in/gBNMtuYf #proptech #realestatetech #constructiontech #fintech #venturecapital #funding #innovation

Time to put your PropTech glasses on! 🏗️🔍 The September 2024 edition of #PropTechBuzz is in, and we're talking BIG numbers and BOLD moves. 🚀💰 Here's a snapshot of the Proptech companies who are not just walking the walk but securing the bag! 💼✨ Leading the innovation parade, we've got: Hotel Engine hitting a home run with $140M thanks to Elia Wallen's vision of seamless travel experiences! ✈️🚗 CenterSquare Investment Management and Todd Briddell crafting $100M deals that redefine resilience in real estate. 🏢💪 Safety's never been sexier with SafetyCulture's Luke Anear elevating it with a cool £85M raise. Safety dance, anyone? 🕺💼 ...and that's just the tip of the funding iceberg! Whether it's Greystone Monticello's big move in Las Vegas, Dandelion Energy's geothermal game-changer, or Cherre's data dazzle - we're in for a thrilling ride! But wait... there's more! Our very own Re-Leased has bagged $12.5M to push the AI envelope further into Property Management. IKR?! 🧠🏘️ Check out the full funding fiesta below and drop a "💡" if one of these innovations lights up your imagination! #Funding #Innovation #RealEstateTechnology #Growth

A glimmer of hope on the horizon for Proptech? In a conversation today with another proptech founder, he told me that we are still in a Tech Winter that started in March of 2022. Raising capital in 2022 and 2023 was abysmal. As with any economic shifts, when interest rates rise and money gets tight, the investor landscape changes. I'm hopeful for 2024. And Philip Russo does great reporting at Commercial Observer. He should always be on your to-read list. --- Excited to hear your thoughts and perspectives on this. What opportunities do you see emerging in the Proptech space in the near future? Check this out: https://lnkd.in/gHXBVtaS

This Week in Proptech: $80 million was invested across 24 companies at a median funding amount of $1.5 million. The Market: This week, funding across the residential and construction technology industry significantly lifted the sector, resulting in $56 million collectively invested across both sectors, representing 70% of weekly funding activity. Funding went to Pronto Housing, Parspec, Collov AI, Housi, Buildstock, and many more. 📖 Read More: creti.org 🏷 Tags: #proptech #fintech #contech #constructiontech #realestate #construction #finance #venture #innovation #startup #funding

🏠 Proptech Startup Landeed to Boost Product Portfolio with Backing from Paradigm Shift VC. Landeed, an innovative proptech startup, has received investment from Paradigm Shift VC to enhance its product offerings. This funding will support Landeed’s mission to revolutionize property transactions through technology. 💰 Funding Details: - Landeed has secured funding from Paradigm Shift VC, although the exact amount has not been disclosed. - The investment is aimed at expanding and improving Landeed’s suite of property technology products. 🚀 Strategic Objectives: - The funding will enable Landeed to develop new features and tools to simplify and streamline property transactions. - Landeed aims to leverage this investment to enhance user experience and increase the efficiency of real estate processes. 🔍 Technological Innovation: - Landeed focuses on providing digital solutions for property transactions, including title verification, documentation, and transaction management. - The company uses cutting-edge technology to reduce the complexities and time involved in property dealings. 📈 Market Potential: - The proptech sector is witnessing significant growth, driven by the need for digital transformation in real estate. - Landeed is well-positioned to capture market share by offering innovative solutions that address the pain points of property buyers, sellers, and professionals. 📊 Future Prospects: - With the backing of Paradigm Shift VC, Landeed plans to accelerate its product development and market expansion. - The company aims to become a leading player in the proptech space by continuously innovating and delivering value to its users. Landeed’s partnership with Paradigm Shift VC marks a strategic move to enhance its product portfolio and solidify its position in the proptech industry, driving innovation and efficiency in property transactions. Landeed (YC S22) #Landeed #Proptech #Funding #ParadigmShiftVC #RealEstate #Innovation #MarketGrowth #PropertyTransactions #StartUpNews #BusinessNews #MicroShots #NewsUpdates

🦄New York City's newest unicorn - EliseAI has raised $75M to transfor real estate with their AI-driven communications platform. 🔍Who are they EliseAI, founded by Minna Song and Stoyan (Tony) Stoyanov in 2017, has rapidly established itself as a leader in the AI-driven real estate communications space. Their platform automates over 90% of communication for more than 2M apartments across the country, serving major clients such as Asset Living, AvalonBay Communities, Bozzuto, and Greystar. EliseAI's technology is the only one in the market that works seamlessly across all property types, from multifamily to single-family and student housing, making it an essential tool for 70% of the top 50 rental housing owners and operators. 💰The investment The $75M Series D round was led by Sapphire Ventures, with participation from existing investors including Navitas Capital, Point72 Private Investments, DivcoWest, and KOCH REAL ESTATE AND INVESTMENTS. This investment pushes EliseAI's valuation to over $1 billion, solidifying its unicorn status. The fresh capital will be used to hire top engineering talent and expand the platform's product offerings, as the company aims to meet the surging demand and explore new verticals like healthcare. ⏩Going forward “Housing is a basic need for all humans, and that’s why we all work in this industry, and why we’re focused on the residential sector... [We need to] focus on making it efficient... solving the biggest operational challenges.” - Minna Song, co-founder and CEO of EliseAI Read more about the raise and EliseAI, including comments from Cathy Gao, a partner at Sapphire Ventures and a new EliseAI board member, via the article linked below.👇 https://lnkd.in/dJYh_Ukv #PropTech #RealEstate #NYC #VC #Unicorn ---- 💡 Follow PropTech Connect for daily Real Estate and PropTech news and insights.

VC Winter? MiamiTech turns up the heat! The Miami metro landed in the top 10 among US metros for its first half venture capital activity, and came in at No. 6 for deal count powered by seed rounds, according to the just released eMerge Insights report. Florida also ranked in the top 10 among states and was No. 5 for deal count. "This report underscores the collective power of Florida’s position as a growing hub for innovation and entrepreneurship, with the state maintaining its competitive edge on a national scale," says eMerge Americas CEO Melissa Medina. Did fintech continue to reign as the Miami-Fort Lauderdale metro's largest sector? You bet, but medtech is on its tail. Find all the sector breakdowns, plus top deals for both the Miami area and statewide, trends, exit news, ecosystem highlights and more in the new report, which you can download today. For the past six years and counting, I've been honored to compile this report, based on multiple sources, to try to present a true picture of the activity we've been seeing. @refreshmiami #MiamiTech #VC

Will Proptech Rise Again? Despite a challenging 18 months, we're seeing an uptick in proptech investments. While some might attribute this to VCs needing to deploy "dry powder" or a broader shift in focus, we believe the true driving force is the natural cycle of market resilience. The funding winter has weeded out weaker companies, leaving behind robust survivors that offer attractive opportunities at reduced valuations. This is a classic case of market correction, where the strongest emerge ready to lead the next wave of innovation. https://loom.ly/cJ5dPhw #proptech #investment #venturecapital Bisnow

Zurich proptech Optiml raises a $3.5 million pre-seed extension to push for decarbonization in real estate #Optiml, a Zurich-based proptech startup specializing in sustainable real estate investment and renovation strategies, has secured €3.5 million in a pre-seed extension. Led by BitStone Capital, the round also saw participation from KOMPAS VC, focusing on the construction and manufacturing industries. Existing investors, including Innovation Endeavors, the VC firm of former Google CEO Eric Schmidt, and Planet A Ventures, reaffirmed their commitment to Optiml by joining this round. Founded as a spin-off from ETH Zürich | School for Continuing Education, Optiml is co-led by CEO Dr. Evan Petkov. The company has developed a cutting-edge software platform that helps asset managers, investors, and consultants manage the complexities of decarbonizing individual buildings and entire portfolios. With a focus on achieving net-zero goals while aligning with corporate objectives, Optiml’s software delivers cost-effective and timely solutions tailored to each property. The fresh capital injection will accelerate Optiml’s growth, allowing the company to expand its team and enhance its software features to meet rising demand across the DACH region, Great Britain, and beyond. Optiml's innovative approach has already garnered significant industry recognition, including winning the ZIA Proptech of the Year Award and the Startup Awards of the W.A. de Vigier Foundation. The company has completed over 30 successful pilot projects with major industry players like AXA, Credit Suisse, and Grosvenor. The article on EU-Startups in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

Proptech companies remain constrained by a tightened funding environment, according to a survey of 1,088 startups from the Center for Real Estate Technology & Innovation Venture capital investments in proptech and adjacent companies fell 14.3% from $5.10 billion to $4.37 billion in the first half of the year, according to CRETI. By comparison, total venture capital funding was $13.13 billion in the first half of 2022. “This trend suggests a prioritization of quality over quantity in investments, reflecting broader economic uncertainties and a tightened financial environment,” according to CRETI.