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Real estate investing giant Fundrise breaks into venture capital

TechCrunch

Investing in private markets has long been reserved for the ultra-rich. The new fund will be evergreen, meaning it will have an indefinite life, a structure that unlike the traditional VC model provides investors with the ability to come and go as they please. Fundrise manages over $2.8 Fundrise manages over $2.8

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Accacia tackles the real estate industry’s massive carbon emissions problem

TechCrunch

The real estate and infrastructure sectors contribute about 40% of global carbon emissions , and part of solving the climate crisis is fixing how those industries work. Accacia gives large property owners a way to track their carbon impact in real-time by integrating with ERPs and property management systems like Yardi.

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Sundae closes on $80M for residential real estate marketplace

TechCrunch

Sundae , a residential real estate marketplace that pairs sellers of dated or damaged property with potential buyers, has raised $80 million in a Series C funding round co-led by Fifth Wall and General Global Capital. 9 top real estate and proptech investors: Cities and offices still have a future.

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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. Layoffs in the sector began — and they took place in a range of real estate tech companies, big and small. Low interest rates mean more purchases and refinances. News that T.

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Nigerian proptech Spleet gets $2.6M led by MaC VC to scale its property management products

TechCrunch

While Adesanmi worked for years in Nigeria’s banking and fintech space, his family’s real estate background pushed him to establish a startup in proptech. This March, the company announced a pre-seed investment of $625,000. million seed funding led by Los Angeles–based early-stage VC firm MaC Venture Capital.

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Mudafy raises $10M in Founders Fund-led Series A to fix LatAm’s ‘broken’ real estate process

TechCrunch

Mudafy , a tech-enabled real estate broker operating in Latin America, has raised $10 million in a Series A round of funding led by San Francisco-based Founders Fund. It claims that it is doing more than 100 real estate transactions per month and is currently originating over 50% of the mortgage loans for its customers. .

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The ‘art’ of VC startup valuations is a forgery

TechCrunch

At the seed stage, where the value is arguably zero, investors would own all of the startup with an investment of any amount. The VC also won’t take a majority of the startup in most cases, because a control position means the entrepreneur is “working for” the investors. Thus, to be fair to the entrepreneur, the lie is born.

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