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$15 Million Series A supports the startup’s growth with a $10M Net Revenue Run Rate In 2021 realestate fintech startup Backflip launched an all-in-one platform for realestate entrepreneurs to support their acquisition and renovation of single-family homes. and growing.
Side , a realestate technology company that works to turn agents and independent brokerages into boutique brands and businesses, has raised “$50 million-plus” in a funding round that doubles its valuation to $2 billion. Today, Side supports more than 1,800 partner agents across California, Texas and Florida.
Groundfloor , the first realestate crowdfunding platform to gain regulatory approval, announced today that it raised its first round of institutional capital since 2015. Groundfloor’s platform offers investments in realestate debt to its 150,000+ users, with a minimum investment of $10. in convertible notes.
Side , a realestate technology company that works to turn agents and independent brokerages into boutique brands and businesses, announced Monday that it has raised $150 million in Series D funding. Existing backers Matrix Partners, Trinity Ventures and Sapphire Ventures also participated in the new financing.
Department of State is supporting five outstanding 2022 YLAI fellows to travel as youth delegates to the Summit of the Americas, where they will serve as a voice for the YLAI fellowship program, their communities, and youth across the region. Luxia Labs offers services in architectural and technical design to realestate developers.
Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the realestate industry. Layoffs in the sector began — and they took place in a range of realestate tech companies, big and small. Low interest rates mean more purchases and refinances.
I don’t agree with his protectionist solutions such as tariffs, but the problem seems both real and lasting. Personal balance sheets are still stretched: The problem in the US starts & ends with “consumerism” that was fueled by artificially high realestate prices, which drove up spending and the stock market.
But how can biotech teams effectively communicate to investors and partners how they will, with each round of financing, incrementally reduce the risks of discovering and developing successful new drugs? How much of the total financing is allocated towards the lead program?
Other Top States for Business Startups in 2025 While Florida takes the top spot, several other states also offer strong support for new businesses, providing a mix of affordable living, tax-friendly environments, and strong economies. The result is a larger, more diverse pool of potential employees.
Arrenda , a Mexico City-based fintech company, is offering digital financial services to the realestate market of Latin America and closed on $26.5 million in equity and $25 million in debt financing. Joe Merullo, founder and CEO, grew up in Boston and started his first business in realestate at 19 years old.
Greycroft and Global Founders Capital co-led the $75 million in equity financing, which is notable for a few reasons. 9 top realestate and proptech investors: Cities and offices still have a future. The company then partners with local realestate agents to market the properties. For one, the team.
The concept of fractional ownership in realestate is not new, and in recent years we’ve seen a flurry of startups focused on the space. In the past 14 months alone, for example, TechCrunch has reported on Fractional and Fintor , which are also focused on residential realestate. And so Arrived was born.
Comcast Ventures, Khosla Ventures and RealEstate Technology (RET) Ventures co-led the financing, which brings the company’s total raised to $32 million since its 2019 inception. Also, Juno claims that its design process, for example, is 60% faster than in traditional realestate development.
Orchard solves this problem by enabling homeowners to buy before they sell, and their proprietary platform provides consumers a “one-stop-shop” for brokerage, title, escrow, financing, and other ancillary services. Orchard’s customer service is also enhanced by their local realestate brokers who are hired full-time as home advisors (vs.
Fintech and proptech are two sectors that are seeing exploding growth in Latin America, as financial services and realestate are two categories in particular dire need of innovation in a region. SoftBank mints QuintoAndar a new unicorn in Latin American realestate tech. It’s also noteworthy who is backing the company.
Existing backers Madrona Venture Group, Lead Edge Capital, Second Avenue Partners and Seven Peaks Ventures also participated in the financing, which brings the company’s total capital raised to $47 million. You can’t just ‘shut them down,’ which has made multifamily resilient and even grow in comparison to retail and industrial realestate.”.
Egyptian proptech startup Nawy , which began life in 2016 as an AI-driven property, listing has grown to offer brokerage services, supporting the closing of property deals. The mortgage industry in Egypt is dominated by banks, most of which prefer to support buyers of new property over those seeking pre-owned ones.
The platform’s partner offerings span several alternative asset classes including venture capital, realestate, debt, crypto, art and collectibles. billion worth of searchable deals on the Vincent platform spread across supported platforms like WeFunder, Groundfloor, Republic, SharesPost, Rally Rd.
By creating one of the world’s largest repositories of commercial realestate data, Cohesion will lead the industry’s transformation to autonomous buildings. Investing in technology that ensures commercial realestate is a positive contributor to our world is central to our company ethos.”
Even though they collected rent one year upfront, the default rate of the yearly system is very high because when people’s finances take a hit, they might not be able to pay subsequent rent,” he said. The legal process of evicting tenants where they’ll have to wait six to 12 months is also not supportive of the landlords.”.
Spending on getting the world’s realestate to net zero will require $1.7 Our approach has always been to invest in and support the growth of companies that are true category leaders or well on their way there. Also, when transactions slow down, realestate groups tend to focus more on internal operations.
Many realestate technology companies are developing technology that is in competition with, or could potentially replace, realestate agents. For one, prior to this financing, Place says it had not raised any external capital. This round and company caught our attention for a couple of reasons. and Canada.
Specifically, the new firm aims to provide non-dilutive or less-dilutive financing options to asset-rich fintech, e-commerce and SaaS companies in the U.S. The region, Architect maintains, does not have a plethora of institutional financing available against assets. and Latin America, but with an emphasis on the latter.
Much of the Twitter stream is read on third-party applications where Twitter doesn’t own the realestate to monetize it. Finance and a host of other wonderful services brought to you by their sponsors. I believe Twitter will support this. Remember, Twitter is as much of a data pipe as it is a website.
The new funds will be used to support license applications in Asia, the Middle East and Europe, go-to-market plans, technology development as well as to expand the company’s innovation capabilities. Register DigiFT , a Singapore -based decentralised digital asset exchange (DEX) for asset-backed tokens (STO), announced that it has raised $10.5
82M Series A financing. Proceeds from the financing will enable the Company to submit an IND for RNDP-001 and complete Phase 1 clinical trials, which will initiate within the year. This is just one of our full suite of services supporting stakeholders across the entire company and portfolio lifecycle from start up through to exit.”
Blackstone, Breyer Capital and existing backers Adams Street, Javelin and LiveOak Venture Partners also participated in the equity financing, which brings Homeward’s total equity raised since inception to $160 million. . Most alternatives to traditional realestate minimize or replace the agent,” Heyl said.
Learn more about the different financing options and how you can get a startup loan for your business. The good news is that there are many options for startup financing available that can help kick things into gear. This means that there are a variety of financing products available with limited – or no – business or credit history.
In the eight years since Aceable’s launch, the company has grown from a driver’s ed test prep service to an online training tool for drivers and realestate agents. Only four years ago, Aceable was raising $4 million in financing , from investors including Floodgate Capital and Silverton Partners.
The philosophy of venture capital is that the entrepreneur runs the business and the investor provides capital and support in exchange for a minority share and a non-operational role. In fact, a good analogy for how this works may come from realestate. Intrinsic value is often called “replacement cost” in realestate.
The early-stage investment fund’s vertical specialties span realestate, finance, insurance, and sustainability. Founder and Managing Partner Constance Freedman and Partner, Liza Benson , oversee the generalist venture capital and growth equity firm.
Indian fintech startup BharatPe has raised $370 million in a new round of financing as it looks to aggressively scale its business in the next two years. To make these merchants comfortable with accepting digital payments, BharatPe relies on QR codes and point of sale machines that support government-backed UPI payments infrastructure.
So far, Penn has invested in five startups across a range of sectors including realestate, food, apparel and finance. . I’ve enjoyed being in a supportive community with differing levels of expertise, but where every question is welcomed.”.
Rising property prices in cities, coupled with a lack of financing options, mean more people have to delay buying their first homes unless they have family support. Part of Y Combinator’s latest batch, Homebase was founded in 2019 to give prospective buyers in Vietnam an alternative to traditional financing.
It also added more financial products for rental owners such as rent advance, rewards for tenured residents and brokerage services that give its customers a way to buy, sell, rent and manage with its support. Kickstart Fund, Peterson Ventures and Range Ventures also participated in the financing.
This financial leader could well have come through the finance org at another startup or at a larger company but they often also can come from strategy consulting (Bain, BCG or McKinsey) or through investment banking (Goldman Sachs, Morgan Stanley, etc.). Whereas New York City had people living in close clusters , Chicago and Washington D.C.
Opendoor co-founder and CEO Eric Wu said his company, a publicly traded realestate fintech, was navigating “one of the most challenging realestate markets in 40 years.”. How can finance-focused proptech startups survive the downturn? to curb finance-related fights between co-parents.
The realestate sales market has been in an upswing this year, and today a startup that’s addressing one of homeowners’ biggest needs — repair and maintenance services, and specifically the stress of sorting these out when things break down — is announcing some funding on the heels of strong growth.
s development finance institution, Commonwealth Development Corporation (CDC) Group, formally changed its name to British International Investment. As part of the name change, the development finance institution (DFI) announced that it surpassed its pledge to invest £2 billion in Africa over the last two years. On April 4, the U.K.’s
Three entrepreneurs in the finance technology space are choosing different paths to solve these issues by using digital tools and data to improve financial inclusivity. The platform supports women and underrepresented individuals throughout the salary and benefits negotiation process. As the U.S. So I just ignored it.”.
This week, flexible workspace operator (and one-time unicorn) Knotel announced it had filed for bankruptcy and that its assets were being acquired by investor and commercial realestate brokerage Newmark for a reported $70 million. Knotel designed, built and ran custom headquarters for companies.
Led by Lindsay Holden, the startup had raised more than $20 million in funding and had built a gamified finance mobile app that aims to help people “save, learn and engage” with their finances. Dallas-based Backflip raises $8 million seed for local realestate investment financing. million in Series A funding.
Point says that last year, it received over $1 billion in new capital commitments from realestate and mortgage-backed securities (MBS) investors. The way it works is that Point first evaluates the finances of applicants and makes a provisional offer. My weekly fintech newsletter, The Interchange, launched on May 1!
The financing will be used to dial up OfficeRnD’s marketing with the aim of expanding market share, including by growing its partnerships. employee/co-working space member engagement, and financial management tools through web and mobile applications.
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