A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – REAL ESTATE TECH
- WeWork, a provider of managed co-working spaces, raised $760M at a valuation of $20B. Link
- WeWork, a provider of managed co-working spaces, launched WeWork China with $500M funding from Hony and SoftBank. Link
- Cjia, a provider of branded residential accommodation, secured a $50M in pre-Series A funding from Huazhu and IDG Capital. Link
- UrWork, a managed co-working space provider for small businesses and freelancers, raised $29M from Aikang Group. Link
- Open Listings, an online P2P residential rental platform, raised $6.5M in a round led by Matrix Partners. Link
- Site1001, a provider of cloud-based software for facility managers, raised $6M in Series A funding. Link
- OneDome, a data and analytics solution for residential properties in the UK, raised $4M in Series A. Link
- LoftSmart, a student rental marketplace, secured $2.7M from an undisclosed investor. Link
- Urbanbase, a provider of 3D visual staging solutions, raised $1.8M in Series A. Link
- JetClosing, an online real estate closing company, raised $1.4M from Trilogy Equity Partners and existing investors. Link
- Lavanda, a UK-based prop-tech startup for residential lettings and property management, raised $1.2M in angel funding. Link
- Redfin, an online real estate brokerage firm, had a successful IPO on Nasdaq with its stock soaring 45% on opening day. Link
- RealtyShares, a crowdfunding platform for real estate, acquired its competitor Acquire Real Estate. Link
- NakedHub, a provider of managed co-working spaces, merged with Just Co to create one of the largest coworking space operator in Asia. Link
- NextSpace, a managed co-working community, was acquired by Pacific Workspaces. Link
- Real Geeks, a provider of SaaS-based CRM and marketing solutions for real estate agents, was acquired by Fidelity National Financial Inc. Link
- BuyRentKenya, an online listing platform for real estate, was acquired by Ringier One Africa Media. Link
SOME INTERESTING STARTUPS FOUND
Roomez (2016, Paris) – An online platform to find roommates and rooms.
Pop Up Showcase (2016, Singapore) – An online platform for finding shelf space rentals.
LEADER BOARD – REAL ESTATE TECH
Residential & Commercial
Discovery Platform – Listing Platform
Viva Real (2009, Sao Paulo, $74M) – An online listing platform for residential & commercial properties. Backed by Monashees Capital, Spark Capital, 500 Startups & others.
Discovery Platform – Auction
Auction.com (2007, Irvine, $142M) – An online platform that enables financial institutions, individuals and brokers to bid for residential and commercial properties. Backed by Google Capital and Stone Point Capital.
Residential
Discovery Platform – Listing Platform
Zillow (2005, Seattle, IPO) – An online platform for homeowners, buyers, agents and mortgage professionals to find and share information about residential properties and mortgages. Went IPO in July 2011.
Trulia (2005, SF, IPO, Acq.) – An online platform that provides home buyers, sellers, owners and renters information on residential properties and real estate professionals. Went IPO in September 2012. Acquired by Zillow in 2015.
Discovery Platform – MetaSearch
Apartment List (2008, SF, $53M) – An online platform that aggregates listings for residential rental apartments. Backed by Matrix Partners, Glynn Capital, Passport Capital, & others.
Discovery Platform – Online Brokerage
Redfin (2004, Seattle, IPO) – An online real estate brokerage firm. Went IPO in July 2017.
Compass (2012, NYC, $210M) – A technology driven online brokerage firm assisting in renting & buying of residential real estate. Backed by Goldman Sachs, 406 Ventures, Thrive Capital, Founders Fund & others.
Discovery Platform – Re-seller
Opendoor (2014, SF, $321M) – An online company that facilitates real estate transactions by holding its own inventory. Backed by Khosla Ventures, Slow Ventures, Thrive Capital, Felicis Ventures & others.
Residential – Booking Platform
Student.com (2011, London, $60M) – An online marketplace that helps students to find accommodation. Backed by VY Capital, Horizon Ventures, Hugo Barra & others.
Residential – Agent Search
Opcity (2015, Austin, $27M) – A cloud-based platform that matches real estate agents with buyers/sellers. Backed by Icon Ventures, Georgian Partners, & LiveOak Venture Partners.
Homelight (2012, SF, $16M) – An online platform that matches home buyers with real estate agents based on a proprietary algorithm. Backed by Google Ventures, 500 Startups, & others.
Residential – Shared Accommodation
Shared Accommodation – Co-Living
Common (2015, Brooklyn, $23M) – An online platform for users to search for and apply to community living spaces. Backed by 500 Startups, 8 VC, Grey Wolf, Slow Ventures, & others.
Shared Accommodation – Branded Accommodation
Mofang Gongyu (2010, Shanghai, $560M) – A chain of high-end branded rental apartments targeting high-income professionals. Backed by DT Capital Partners, Warburg Pincus, & others.
Commercial
Discovery Platform – Listing Platform
Loopnet (1995, SF, IPO, Acq.) – An online listing platform for buying/selling and leasing commercial properties. Went IPO in June 2006. Acquired by CoStar Group in 2012.
Uban (2015, Beijing, $43M) – An online listing platform for commercial real estate. Backed by Shunwei Capital Partner and Source Code Capital.
Discovery Platform – Online Brokerage
Haozu (2009, Shanghai, $39M) – A technology driven online brokerage firm assisting in renting & buying of commercial properties. Backed by Joy Capital, Nlight Venture Capital and 58.com.
Commercial – Short-term Booking Platform
Short-term Booking Platform – Private spaces
Breather (2012, Montreal, $73M) – An online marketplace for booking rooms in large urban areas for work, meeting, and relaxation. Backed by Real Ventures, RRE Ventures, Slow Ventures & others.
Short-term Booking Platform – Popups
Appearhere (2013, London, $21M) – An online marketplace to search for and book short-term retail space. Backed by Balderton Capital, Playfair Capital, Ballpark Ventures & others.
Short-term Booking Platform – Venues
Convene (2009, NYC, $119M) – An online platform that enables professionals and businesses to search for and book event spaces for a short-term basis. Backed by Tamarix Capital, Boat House Capital, Sunrise Capital Partners & others.
Commercial – Co-working
Co-working – Managed
Wework (2010, NYC, $3.25B) – A provider of managed co-working spaces. Backed by Benchmark, Fidelity Investments, Goldman Sachs, SoftBank Group, Harvard Management Co, JP Morgan, T. Rowe Price & others.
Urwork (2015, Beijing, $219M) – Managed co-working space for small businesses and freelancers. Backed by Sequoia Capital, ZhenFund, Zhongrong International Trust & others.
Co-working – Marketplace
Awfis (2015, Delhi, $31M) – An online marketplace for coworking spaces. Backed by Sequoia Capital.
Social
Reviews
Rate My Agent (2014, Melbourne, $6M) – An online platform for user-generated reviews of real estate brokers. Backed by angel investor Gabby Leibovich, Kidder Williams, and Smorgan Family.
Agent Network
Resaas (2009, Vancouver, IPO) – An online networking platform for real estate professionals. Went IPO in February 2011.
Property Finance
P2P Lending
Cadre (2014, NYC, $133M) – An online platform that enables P2P financing of real estate projects. Backed by Goldman Sachs, Founders Fund, Thrive Capital, & others.
Lendinvest (2013, London, $59M) – An online platform that enables users to lend directly to real estate borrowers while circumventing traditional intermediaries. Backed by Atomico, Kunlun and Macquarie Group.
Crowdfunding
Coassets (2013, Singapore, IPO) – An online crowdfunding platform for investments in the real estate market. Went IPO in July 2015.
Fundrise (2010, Washington D.C., $55M) – An online platform for crowdfunding real estate investments. Backed by Westmill Capital, Guggenheim Partners, & Others.
Visualization
Rooomy (2009, San Jose, $13M) – Provider of 3D virtual staging solutions to real estate and retail industry. Backed by Antimeridian and Bertoia.
Iris VR (2014, NYC, $10M) – Provider of VR solution for design and architecture for the real estate industry. Backed by Tech Stars, Valar Capital, Pritzker Group, & others.
Enterprise Solutions
For Agents & Landlords – CRM & Marketing
Placester (2008, Cambridge, $101M) – Provider of CRM & marketing website solutions to real estate agents. Backed by Romulus Capital, Angel Street Capital, New Enterprise Associates, & others.
For Agents & Landlords – Property Management
Appfolio (2006, Goleta, IPO) – Web-based property management solution for the rental residential real estate. Went IPO in June 2015.
Buildium (2004, Boston, $85M) – Cloud-based property management software for managers and community associations. Backed by Sumeru Capital and K1 Investment Management.
For Agents & Landlords – Data & Analytics
Reonomy (2013, NYC, $40M) – Provider of data and analytics solution for commercial real estate. Backed by Bain Capital, Softbank Venture capital, KEC Ventures, & others.
Enterprise Solutions – Portfolio Management
VTS (2011, NYC, $88M) – Cloud-based leasing and asset management platform for real estate portfolios. Backed by 500 Startups, Trinity Ventures, Insight Partners, & others.
Enterprise Solutions – For Facility Managers
For Facility Managers – Maintenance Management
SMS Assist (2010, Chicago, $255M) – Multisite property management technology and service provider. Backed by Insight Venture Partners, Goldman Sachs, and Pritzker Group.
For Facility Managers – Property Inspection
Happy Inspector (2011, SF, $11M) – Mobile-based platform for creating property inspection reports. Backed by 500 Startups, Point Nine Capital, Flight Venture Capital, and Flight Ventures.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest update visit RealEstate Tech feed.