CREtech Briefs September 26, 2022 –DoorLoop, Codi & PassiveLogic raise funds + more

September 26, 2022

In this week's issue, funding is led by DoorLoop , with a $20m Series A round. Per the rental property management software startup, the funding will be used for development, marketing and recruiting. Codi , a San Francisco, based startup pairing flexible leasing with ongoing office management, raised a $16m Series A round. In the autonomous building arena, PassiveLogic has scored a $15m investment from global chip manufacturer, 英伟达 . The investment will facilitate integration between PassiveLogic’s tools and Nvidia’s Omniverse platform for the industrial metaverse. ?

In the news, the much anticipated LMRE and Fifth Wall earnings survey unpacks earnings potential across the proptech spectrum. Compass, in further efforts to reduce costs and attain profitability, has reduced its headcount again. The reduction volume was undisclosed, but the largest portion was from its technology team. 伟创力 by 仲量联行 , an enterprise-grade flexible workplace solution, will be launching at 500 Plaza Dr. in Secaucus, New Jersey. Spanning over 15K square feet, this will officially mark JLL's first Flex by JLL space in the U.S.

Save $100 on your all-access pass for the BIGGEST event in real estate innovation,?CREtech New York, October 12-13, before pricing increases next week!

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Rental Management Software Firm DoorLoop Lassos $20M Series A Funding

The continuing strength of the residential market showed itself Tuesday as DoorLoop, a rental property management software proptech startup, announced it had closed a $20 million Series A funding round. The round follows a $10 million seed round that closed in September 2021. Read more

Codi lands $16 million, led by a16z, to prove that we never really actually liked co-working

We know that long-term leases aren’t the move anymore, but San Francisco–based Codi has a hotter take: neither is co-working. The company, co-founded by Christelle Rohaut and Dave Schuman, began in 2018 to create more flexible office space for companies whose employees want private, flexible workspaces. Read more

Nvidia and PassiveLogic team up to drive integration for autonomous buildings

Nvidia has invested $15 million in PassiveLogic, a pioneer in autonomous building control systems. The investment will help drive integration between PassiveLogic’s tools and Nvidia’s Omniverse platform for the industrial metaverse. Read more

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This is how much you could earn in proptech

Nearly a quarter of CEOs in the sector earn $250,000 or more per year, according to a survey by LMRE and Fifth Wall. While salaries in top roles can be high, they also vary significantly. Some 17% of CEOs and presidents earn between $30,000-$50,000. Read more

Compass Eliminates More Jobs as Real Estate Brokerage Seeks to Cut Costs

Compass Inc. cut more jobs, part of cost-reduction moves by the real estate brokerage as it aims to turn a profit even in a weakening US housing market. Read more

First ground-up Flex by JLL space will open in Q2 2023

JLL announced that Flex by JLL, its enterprise-grade flexible space solution, has entered into a leasing agreement with Manulife US Real Estate Investment Trust (“MUST”) for the opening of a 15,407-square-foot flex office and coworking space at 500 Plaza Dr. in Secaucus, New Jersey. This opening will mark the first official ground-up Flex by JLL space to come to market in the U.S. Read more

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CREtech New York Speaker Spotlight: Faisal Butt, Pi Labs

Faisal Butt, CEO, Founder & Chairman, Pi Labs, will be joining panel session ‘Global VC Perspectives’ on CREtech New York’s Main Stage this October 12-13, 2022. Ahead of the conference, Faisal shares a sneak peek into insights he will be discussing in the panel session. Watch here

Creating a Technology Strategy That Fits Your Needs, Part 3

Jim Carr, Chief Innovation Officer at BentallGreenOak, advocates for adjusting corporate structure to meet modern needs, and shares what he’s most looking forward to as companies invest more in IT initiatives. Watch her

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New Speakers From Bozzuto, CBRE, EQ Office, PGIM Real Estate, Prologis Ventures and UDR Added to CREtech New York Conference Lineup

CREtech announced today that speakers from Bozzuto, CBRE, EQ Office, PGIM Real Estate, Prologis Ventures and UDR will join the speaker lineup for CREtech’s flagship conference and largest real estate technology conference, CREtech New York, this October 12-13. Read more

Coming Soon: Security Trends Research on the Commercial Real Estate Sector From SIA’s Proptech Advisory Board

The Security Industry Association, Proptech Advisory Board is excited to announce that we will be introducing a first-of-its-kind report focused on security solutions trends in the proptech and commercial real estate sector. We’ve enlisted CREtech – a company with extensive experience in proptech and commercial real estate that offers research, events and the largest international community of professionals devoted to tech innovation in real estate – to produce this report. The new resource will share an external view of the security industry from the insiders of proptech. Read more

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