CREtech Briefs August 15, 2022 – Stoa, OpenSpace and Properly close funding rounds, CREtech NYC Agenda at a Glance + More
August 15, 2022
In this week's issue on our Real Estate tech funding radar - Stoa , the Arizona-based company behind the iBuyer software platform, FlipOS by Stoa, raised $100 million. The capital injection will enable the company to work with more professional real estate investors to grow and scale, and help close the US housing gap. Separately, another Real Estate Tech startup raking in a $100 million round is San-Francisco-based OpenSpace , which expanded its $102 million Series D round in March 2022 with an additional $9 million. The funds will be used to expand its presence in APAC and to continue developing AI-powered technologies. Further North, Toronto-based Properly, a Real Estate tech-enabled brokerage offering a new approach to real estate secured a $36 million CAD funding round. The fresh funding will enable Properly to further streamline the real estate experience for Canadians, invest in its technology and expand its product suite.
On the news front, underscoring Altus Group 's continued drive for aggressive acquisitions in the sector, Commercial Observer unpacks the company's appetite for Real Estate tech startups. In a similar vein, according to proptech veteran investor Andrew Ackerman , changing market dynamics may present a golden opportunity for CVC - often shunned from top deals, to get a seat at the table.
We're proud to bring you our flagship conference, CREtech New York 2022's Agenda at a Glance, taking place this October 12-13 at Pier 36. Save $300 on an Early Bird pass for the BIGGEST event in real estate innovation before prices go up on August 27.
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Stoa Announces Additional $100 Million Raised to Help Real Estate Investors Flip Homes Faster
Stoa USA Inc., the Arizona-based company that launched the FlipOS by Stoa platform for professional single-family home investors, has closed another $100 million securitization. The funding is underwritten by Cantor Fitzgerald, a leading financial services firm that specializes in real-estate investments. Read more
OpenSpace Follows Recent $102M Raise With $9M More in Funding
As if raising a $102 million Series D round in March 2022 wasn’t enough for OpenSpace, the proptech startup announced Tuesday that it has raised an additional $9 million in the round targeted toward expanding the company’s presence in the Asia-Pacific region (APAC). The $9 million came from new limited partners investing through existing investors Taronga Group, a Sydney, Australia-based investment firm, and Manhattan-based GreenPoint Partners, according to OpenSpace. Read more
Properly Raises $36M CAD in Financing to Accelerate Transformation of Canadian Real Estate
Today, Properly announces a $36 million CAD financing round, strengthening its leadership role in the transformation of the Canadian real estate industry. This fundraise closed in late July and was led by existing partners including Parker89, Bain Capital Ventures, Prudence, FJ Labs, Golden Ventures, Intact Ventures, Max Ventures, AlleyCorp, Interplay, Industry Ventures and others, and brings Properly's total funding to $192 million CAD, making it the best funded and fastest growing real estate startup in the country. Read more
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Altus Group’s Jim Hannon Has a Big Appetite for Proptech Startups
领英推荐
In April, Jim Hannon ascended to CEO at Altus Group after almost two years as president of Altus Analytics, a subsidiary. He’s looking to continue the company’s long policy of aggressive acquisition of proptech startups that feed its valuation, tax appeal, project management and due diligence platform for real estate investors and owners. Read more
Is The Current Market Cycle A Golden Opportunity for Corporate Venture?
According to proptech veteran investor Andrew Ackerman, Corporate Venture Capital has a bad reputation in the startup world. While there are some notable exceptions, this reputation is all too often well deserved. The best startups have their choice of investors and corporate venture funds are rarely at the top of that list and as a result even the best CVCs sometimes don’t get the opportunity to invest in those top startups. But recent economic conditions have dramatically reduced the supply of venture capital so this could be a golden opportunity for CVCs to get a seat at the table.
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The Key to Understanding CRE Across the Asian Markets, Part 1
Paul Chen, C-Founder of Asia PropTech, shares unique insights on navigating the CRE industry in Asia, and why he bes an innovative operational strategy is essential to success. Watch here
Collaborating for Climate Tech in the UK, Part 1
Sammy Pahal, Managing Director at UK PropTech Association, discusses the UK’s digital transformation and what she considers the most impactful emerging climate tech solutions. Watch here
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CREtech Releases Agenda at a Glance for Flagship Conference, CREtech New York, this October 12-13, 2022
CREtech, the world’s leading community of professionals devoted to technological innovation in the real estate sector, has released their agenda at a glance for CREtech’s flagship conference, CREtech New York, which will take place this October 12-13 at Pier 36. Read more
Michael Turner, President, Oxford Properties and Richard Croft, Executive Chairman, M7 Real Estate, to deliver Keynote Conversation at CREtech New York, this October 12-13, 2022
CREtech, the largest international community of professionals devoted to technological innovation in the real estate sector, has announced that Michael Turner, President, Oxford Properties, and Richard Croft, Executive Chairman, M7 Real Estate, will take center stage at CREtech New York, this October 12-13, 2022. Read more
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