Reonomy, a massive database of commercial property intel, raises $60M

The property industry — covering people and businesses that invest in, build, purchase or rent and maintain property — is hugely fragmented when it comes both to data sources and the companies that work within it. Today, a New York-based startup that is building a database that helps bring all of that together is raising […]

Real estate fintech platform Immo Investment Technologies raises €11M Series A

Immo Investment Technologies, a London-based fintech startup that purchase homes on behalf of buy-to-let investors, has closed €11 million in Series A funding. Backing the round is Talis Capital and HV Holtzbrinck Ventures, with participation from Tom Stafford and Rahul Mehta of DST Global, and Mato Peric, among others. In addition, the company is disclosing […]

Airbnb to verify all of its listings

Following the death of five people at a Halloween party hosted at a California Airbnb rental, and a scathing Vice report outlining Airbnb’s failure to prevent nation-wide scams, the company says it will begin verifying all seven million of its listings. Airbnb properties will soon be verified for accuracy of photos, addresses, listing details, cleanliness, […]

Los Angeles-based BuildOps, subcontracting software for real estate, raises $5.8 million

Software development companies tackling services for niche industries, like commercial real estate subcontracting, continue to find Los Angeles to be fertile ground for development. The latest company to raise funding from a clutch of investors is BuildOps, which raised $5.8 million in seed financing from some big names in the Los Angeles tech ecosystem. Led […]

Trulia founder Pete Flint backs real estate startup Modus

The founders of Seattle-based Modus cold-emailed Pete Flint, the founder of Trulia and a current managing partner at the venture capital firm NFX, for months, to no avail. In a last-ditch effort, Alex Day, Jai Sim and Abbas Guvenilir sent one more message to the investor whose real estate listings tool sold to Zillow in […]

SoftBank says it has now invested $18.5 billion in WeWork, ‘more than the GDP’ of Bolivia, which has 11.5 million people

Yesterday, in addressing nervous WeWork employees at an all-hands, the company’s new chairman, SoftBank executive Marcelo Claure, told those gathered that their days of worrying are over, says Recode, which obtained a leaked recording of the meeting. In comments that may stun industry observers who haven’t done the math — and upset at least some […]

Real estate broker HelloOffice expands to Los Angeles after closing on $6.5 million

HelloOffice, a new real estate brokerage business out of San Francisco, has nabbed $6.5 million in new financing and is absconding down to Los Angeles to open its first regional office. The company provides software to expedite the often painful (especially in San Francisco) task of finding office space (not the Mike Judge movie, which […]

Adam Neumann planned for his children and grandchildren to control WeWork

WeWork co-founder Adam Neumann didn’t plan for his family’s control of WeWork to end at his death but instead expected to pass that control to future generations of Neumanns, too, says Business Insider. The outlet reports that in a speech Neumann gave to employees in January of this year, footage of which it says it […]

Airbnb’s WeWork problem

Airbnb may be another overvalued “unicorn,” but it’s no WeWork. The Information this morning reported new Airbnb financials — indicating a massive increase in operating losses — that immediately call Airbnb’s future into question. Precisely, Airbnb lost $306 million on operations on $839 million in revenue, namely as a result of marketing spend, in the […]

Booqed, a Hong Kong-based platform for on-demand work spaces, raises $1.675 million in seed funding

Booqed, a Hong Kong-based platform for booking short-term work spaces, announced today that it has raised $1.675 million in seed funding. Participants include Colliers International (the commercial real-estate management company), Techstars and Lazard Korea. The company participated in Proptech Accelerator, the Toronto-based accelerator program for property and real estate startups run by Colliers and Techstars, […]