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

TechCrunch

Groundfloor , the first real estate crowdfunding platform to gain regulatory approval, announced today that it raised its first round of institutional capital since 2015. Brian Dally, a former mobile network exec, and Nick Bhargava, a co-author of the bipartisan JOBS (Jumpstart Our Business Startups) Act, founded Groundfloor in 2013.

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Vontive wants to be the Palantir of real estate investing

TechCrunch

residential real estate market has been booming because of the pandemic. Vontive , an embedded mortgage platform for investment real estate that just came out of stealth, is trying to streamline some of those processes by helping mortgage lenders upgrade their tech. housing crisis.

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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.

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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. It was the landlords who needed convincing, but it helped that we already had a network of landlords,” said CEO Adesanmi in an interview with TechCrunch on the company’s takeoff. “So

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S3 Ventures, Tacora close on new funds to boost Austin startups

TechCrunch

Austin’s venture capital scene has been hot for years now, but a pair of local investment firms just closed on new funds aimed at injecting more capital into startups in Austin and elsewhere. It was a great place to live and work, and I believed that over time, it would be a growing venture opportunity.”.

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Columbus-based Tribevest bags $3M for its collaborative investing platform

TechCrunch

The brothers had dreams of finding their own financial freedom through investing in real estate, but didn’t have enough individual capital to go into business alone. “On The groups source their own investment opportunities through personal networks or external platforms, as Tribevest is “investment-agnostic,” according to Smith. .

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Lesson #360: How to Survive a Difficult VC Funding Environment

Red Rocket

CB Insights, a leading research organization that tracks venture capital financings, recently released its report on t he state of the venture capital market in 2023. Gone are the days of “unicorn” creation (companies worth more than $1 billion), mega-sized financings, and excessive valuations.

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