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Fintech Startup Backflip Gains Series A Round for Platform Supporting Real Estate Entrepreneurs

American Entrepreneurship

$15 Million Series A supports the startup’s growth with a $10M Net Revenue Run Rate In 2021 real estate fintech startup Backflip launched an all-in-one platform for real estate entrepreneurs to support their acquisition and renovation of single-family homes. Over 400,000 homes are flipped every year in the U.S.

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Groundfloor steps up its real estate debt crowdfunding platform with fresh capital

TechCrunch

Crowdfunding has become an increasingly popular way for companies to raise capital, and investors are taking notice. Groundfloor , the first real estate crowdfunding platform to gain regulatory approval, announced today that it raised its first round of institutional capital since 2015.

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São Paulo’s QuintoAndar real estate platform raises $120M, now valued at $5.1B

TechCrunch

New investors Greenoaks Capital and China’s Tencent co-led the round, which included participation from some existing backers as well. Ribbit Capital led the first tranche of its Series E. evolve into a one-stop real estate shop that also offers mortgage, title insurance and escrow services. Its long-term plan is to ??evolve

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Feedback Ventures Invests, Elevates Soho.com.au to $20M Valuation

AsiaTechDaily

Register Soho.com.au , an AI-powered real estate discovery app, has secured a $750,000 equity investment from Singapore-based proptech venture capital firm Feedback Ventures. The collaboration between Soho and Feedback Ventures aims to leverage AI technology to transform the real estate sector.

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Concreit closes on $6M to allow more people to invest in the global private real estate market

TechCrunch

Concreit , a company that wants to open real estate investing to a broader group of people, announced today that it has closed $6 million in a seed funding round led by Matrix Partners. . Concreit raised the capital at a $22.5 But they were only for the already wealthy or required multiyear commitments of capital.

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After seeing 200%+ ARR growth, Occupier raises $10.5M to become the OS for corporate real estate teams

TechCrunch

The COVID-19 pandemic has created all sorts of real estate issues for companies as it forced so many employees to work from home, leaving empty space all over the globe. And while there is no shortage of technology out there for landlords, there are fewer options for commercial real estate tenants and brokers.

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Burn, baby, burn. Real estate-focused fintech startups feel the heat

TechCrunch

Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the real estate industry. Venture dollars flowed into proptech after proptech. At the same time, as the venture market slowed dramatically and suddenly, raising capital was much harder. Then 2022 came.