Blueprint: The Future of Real Estate’s Post

Our portfolio company VERO spoke with Commercial Observer about why they're bullish on the proptech scene in Dallas. VERO moved its office to Dallas from New York City, and CEO Lou Baugier says that the city has exceeded his expectations. For one, he likes that Dallas has an established real estate community on top of a diversity of other industries, like energy and finance. Additionally, he likes that Dallas has expanded his horizon beyond solving problems that only exist in New York real estate: "We have fundamentally changed our business as a result of moving to Dallas, in the context of knowing what to build for the broader United States...It is a very easy trap for startup or product companies to fall into New York-specific problems that do not apply to the rest of the country. If you’re in Dallas, you’re likely building a solution to better cater to broader U.S. market needs.” #realestate #proptech

⚡️This week, Center for Real Estate Technology & Innovation venture board members Vince C. and Ashkán Z. shared their insights into the Dallas proptech market with Philip Russo at the Commercial Observer. “Since then, $2.3 billion has been invested in equity rounds in proptech companies, with $450 million invested in Dallas-Fort Worth-based proptech companies, and $860 million invested in Austin-based proptech companies,” said Zandieh. Included in those investments is $43 million invested in CrowdStreet, an Austin-based commercial real estate investing platform; $20 million in TestFit, a Dallas-based site planning software company; and $15 million in Austin-based Setpoint, a warehouse securitization management platform, he added. In addition, since 2020, 47 percent of Dallas-Fort Worth-based proptech companies have raised a pre-seed round, while 24 percent went to seed stage rounds, said Zandieh. “I do see more and more groups in Dallas regularly involved in conversations in proptech fundraising rounds, and more as advisers in different capacities,” said Cicciarelli. “That’s become a lot more prevalent in the last couple of years. Link: https://lnkd.in/gsF8ayn4 Tags: #proptech #fintech #climatetech #cretech #constructiontech #logisticstech #realestate #dallas #dallasproptech #dallasrealestate #dallascre

⚡️Dallas Proptech is Driving the Future of Real Estate. In a recent article by the Commercial Observer, Dallas has cemented its position as a cornerstone of the real estate industry. Our city’s rich legacy in corporate real estate, backed by Trammell Crow Company, CBRE, Transwestern, Stream Realty Partners, Invitation Homes, RealPage, Inc., and more provides a robust platform for advancements in proptech. Since the onset of the pandemic, Dallas has welcomed 17 proptech companies setting up headquarters here, fueled by strategic investments and a vibrant ecosystem conducive to innovation. Ashkán Z. of The Center for Real Estate Technology & Innovation (CRETI) reports a significant $450 million of the $2.3 billion in equity investments directed at proptech companies has been deployed right here in the Dallas-Fort Worth area. Highlighting our city's strategic advantages, Lou Baugier CEO of VERO articulates the unique blend of industries—from real estate to technology—that defines Dallas, setting it apart from other tech hubs like Austin. This diverse industrial landscape facilitates unparalleled synergies and innovation in proptech. Furthermore, LPC Ventures (Lincoln Property Company) exemplifies the commitment of local firms to nurturing early-stage technology ventures, emphasizing Dallas's growing influence as a national proptech leader. Vince C. of LPC Ventures observes an uptick in local engagement with proptech ventures, underscoring a shift towards Dallas as a key player in the industry. The growing proptech scene is home to many of the industries leading companies including Roofer.com, TestFit, Dottid, Monument, Nada Inc., Common Desk, and more. 🌐 Join Dallas Proptech to stay connected, access to our meetups, investment opportunities, and emerging trends. 📰 https://lnkd.in/gsF8ayn4 #DallasProptech #proptech #dallasrealestate #dallascre #venturecapital #innivation

I’ll never forget the first time I saw a skyscraper. In 1996, A six-year-old me was captivated by the towering Torre Agbar and Torre Mapfre in Barcelona. In my defense, they seemed taller back then 😆 Little did I know that this childhood wonder would ignite a lifelong fascination with real estate. Many years later, my partner Enric Baltasar 🚀 and I channeled that passion into Doraway, a prop-tech startup incubated by Demium. Recently, a key lesson emerged: stability is paramount for long-term wealth building. While global opportunities abound, the US real estate market stands out. Its robust legal framework, favorable tax policies, and dynamic economy create an unparalleled environment for secure, high-yielding investments. The US tax book was created to encourage two things: Procreation and home ownership. We cannot help with the first one but we have you cover with the second one 😂💪🏻 #USRealEstateMarket #InvestmentStability #MogulClub #LongTermInvesting #RealEstateInvestment #PropTech

Where are the angel investors with an appetite for a niche in a large $763Bn home improvement and consumer + B2B market? We are raising our first seed round!! See blurb below! Scandinavian Loft is targeting young professionals who are facing a growing housing crisis. We offer a unique tech-enabled and personalised design system that solves their problem We are having conversations with early investors and are aiming to close within 2 months. DM me or email directly to arrange a conversation martin@scandinavianloft.com 👈 A quick summary of our highlights: £2M in sales request £100K in innovation grants Patentable system 22 solutions delivered and de-risked Spatial design and resources optimised with 3D and AI/ML Glocal Smart Manufacturing network Featured in Grand Designs 🤘 #scandinavianloft #smarterspaces #personalisedsolutions #coolstartups #liveablecities #innovation #propertydevelopment #propertyinvestors #sustainablecities #towardsnetzero #makingspace #propertytech #designtech #addingaroom #angelinvestors #fundraising #investors #seedfunding #raisingcapital #beststartupstoinvestin #awardwinningstartups #compactliving #aiinvestment #seedinvestment #investment #smallspaces #smartmanufacturing #digital #blaoventures #wales #hackney

As Martin highlights below, we are looking for investors 🚀 🚀🚀 We already have interest and need to raise match funding, so are reaching out to our friends and network for potential leads 😀 If you know anyone who might have an investment network in; ⋆⌂ᰔᩚ home improvements 🦾 technological innovation 🛋️ design Please do pass this on! #scandinavianloft #smartdesign #smarterspaces #AIinvestment #personalisedsolutions #coolstartups #liveablecities #innovation #propertydevelopment #propertyinvestors #sustainablecities #towardsnetzero #makingspace #propertytech #designtech #addingaroom #angelinvestors #fundraising #investors #seedfunding #raisingcapital #beststartupstoinvestin #awardwinningstartups #compactliving #seedinvestment #investment #smallspaces #smartmanufacturing #digital #blaoventures #wales #hackney

In the recently released Year-End 2023 Global PropTech Confidence Index, we asked leading PropTech founders and investors to share the most significant changes, key challenges, and promising opportunities they foresee in the coming year. Here is what they had to say: Landon Cooley, Co-Founder and CEO, Pest Share: "The challenge ahead for founders comes back to all the basics: crystal clear vision for a high-value and impactful business, product-market fit, opportunity for scalable growth, and a pathway to profitability. With that, founders will be required to be grittier than ever to find real traction, know their metrics, and paint a clear picture of the path they are on. The next 12 months will continue to separate the 'wheat from the tares.'" Minna Song, Co-Founder and CEO, EliseAI: "The real estate sector is notably cautious when it comes to adopting new technologies, with a strong preference for established, tried-and-tested solutions... This cautious approach is part of a larger cyclical trend within the industry, where periods of excessive cost-cutting can lead to compromised property performance, followed by phases of overspending in an attempt to rectify previous cutbacks, more cost-cutting, and so on." Taehong Huh and Aaron Toppston, Managing Partners, GS Futures: "We believe 2024 will see a significant increase in the number of new investor-led Series A and B rounds for the best-performing companies. We are excited to welcome a wide range of potential leads on these rounds — particularly from the well-established generalist VC space. We believe inter-disciplinary partnerships can create strong support for founders, particularly as a company matures beyond initial product-market fit." Elizabeth Pipes, Investor, Intact Ventures "Despite having a high-quality product, I believe a lot of PropTech companies struggle to find a champion in an organization to buy, implement, and then use technology in their real estate assets. For this reason, I predict to see more PropTech companies shift towards a tech-enabled services model. For example, a construction robotics company that may face difficulties in selling their hardware product to a general contractor may shift to behave as a GC themselves." Read more in the Year-End 2023 Global PropTech Confidence Index, sponsored by PwC: https://lnkd.in/e2kiVGit #PropTech #vc #venturecapital #realestate #vcinsights #innovation

Are you a tenant tired of repeatedly sending documents just to view potential apartments? Or Are you a landlord/broker frustrated by sifting through hundreds of applications to find the perfect tenant? 🚀 Exciting News! 🚀 We are thrilled to introduce Estate Empire, a groundbreaking platform designed to simplify the renting process for both tenants and landlords. Under the visionary leadership of Philip Park and Remigio Arteaga, and with the mentorship and guidance of CUNY Startups, Zicklin School of Business and Blackstone LaunchPad, we have crafted an innovative solution that makes apartment rentals transparent, efficient, and stress-free. 🌟 Estate Empire streamlines the process by reducing apartment viewing delays, ensuring a seamless experience for all parties involved. Our platform empowers tenants to effortlessly access and explore potential homes, while providing landlords with a streamlined system to manage applications and find the perfect match. Watch this video to witness how Estate Empire is reshaping the real estate landscape in NYC. Our platform is your gateway to a smarter, more connected rental experience. 📈 Join us on this journey as we redefine urban living together! Stay tuned and follow us for upcoming revelations. TechDay HQ Shray Arora Albin Joseph Kanishk Verma Nandini Maheshwari #RealEstateInnovation #TechStartup #NYCRealEstate #Renting #Leasing #Apartments #Highrise #EstateEmpire #FutureOfLiving #AIInRealEstate #NewYork

🚀 Exciting times in the digital twin market! The recent acquisition of Matterport marks a significant step in the consolidation phase for digital twin startups. Many companies emerged amid the COVID-19 and AI boom, and now we are seeing the industry mature and solidify. As cities and local authorities are growing interest in digitising their infrastructure, Detekt is emerging in this dynamic landscape 🌍✨ #DigitalTwins #GeoAI #SmartCities

Happy to be able to contribute to MetaProp's Global Proptech Confidence Index. Very insightful information for anyone in the space!! "The challenge ahead for founders comes back to all the basics: crystal clear vision for a high-value and impactful business, product-market fit, opportunity for scalable growth, and a pathway to profitability. With that, founders will be required to be grittier than ever to find real traction, know their metrics, and paint a clear picture of the path they are on. The next 12 months will continue to separate the 'wheat from the tares.'" Pest Share