PropTech
The latest in real estate and property tech (PropTech) news, analysis, and more. TechCrunch covers the technology, startups, and founders building the future of real estate technology.
Flipping houses is not for the faint of heart, no matter how fun or easy HGTV might make it seem. One startup wants to make the process less complicated by…
The transaction represents a premium of a whopping 212% over Matterport’s last closing share price before the deal was announced on April 22.
Kode’s platform allows customers to control HVAC and lighting, monitor energy use, track carbon emissions and keep an eye on water consumption.
Guesty snaps up $130M at $900M valuation to help property managers list on Airbnb and beyond
The company, based out of New York with roots in Israel, says its revenue has increased 5x in the last 3 years, and it expects to turn profitable this year.
Furnished rental startup Blueground defies proptech woes with $560M in revenue, a new $45M raise
Blueground, which operates a global network of furnished apartment rentals for stays of a month or more, has raised $45 million, on sales of $560 million.
Adam Neumann, who co-founded flexible workspace provider WeWork in 2010 and notoriously stepped down nine years later, is attempting to buy the company out of bankruptcy, according to multiple reports.…
PadSplit aims to address the lack of supply, access and affordability in the rental market with its co-living marketplace designed specifically for lower-income workers, which includes flexible commitment terms and…
Historically, vacation rental companies have managed homes for homeowners. While this model has proven popular, it also has its drawbacks. Customer complaints around quality get routed through the companies to…
Another proptech startup’s investment platform crashes and burns, cites ‘current interest rate environment’
Here, a fractional short-term vacation rental marketplace, has shut down its investment platform after just over two years of operation. The Miami-based startup, which had raised a known $5 million…
Another proptech startup has run into trouble. Frontdesk, a startup that managed more than 1,000 furnished apartments across the United States, laid off its entire 200-person workforce Tuesday after attempts…
We’re saying goodbye to 2023 with an Equity tradition: our predictions episode!
Opendoor co-founder Eric Wu is stepping down from the real estate tech company, according to an SEC filing. In a statement, Wu said: “After ten years, I am called to…
The traditional role of the real estate agent has long been challenged as the internet has made it easier for people to search for, and tour, homes. Historically, agents have…
The United States has long had an affordable housing crisis, but it’s been exacerbated as of late by a surge in mortgage interest rates and low inventory. The problem is…
Veev, a real estate developer turned tech-enabled homebuilder, is on the verge of shutting down after reaching unicorn status last year, according to multiple reports. Calcalist reported on Sunday that…
AI is a chaotic free-for-all right now, especially when it comes to the fundraising cycles. Does Fifth Dimension stand out from the crowd?
Startup Zeus Living is the latest casualty in the proptech world. The Airbnb-backed startup is reportedly “winding down operations,” as reported by The Information. TechCrunch has reached out to the…
Multiple studies show that younger generations aren’t buying homes as quickly as their generational predecessors. Yet a relatively new startup, Summer, thinks it can convince this cohort to snatch up…
Getting the required permits for construction can take an excruciatingly long time in many cities — whether it’s for a residential or commercial project. One new proptech startup is out…
Cedar has coverage across Austin now, however, the new capital will enable the company to expand to more cities over the next 12 to18 months.
Mighty Buildings, a startup building tech for prefabricated, ostensibly environmentally-friendly homes, today announced that it raised $52 million in a funding round co-led by Waed Ventures and Bold Capital with…
Featured Article
Divvy Homes goes from $2B valuation to third round of layoffs in a year
Divvy Homes, the rent-to-own startup that gained attention and investment from Tiger Global and other high-profile investors, is laying off 94 employees. The layoffs — its third round in the past year — represents the latest blow to the real estate tech company, as mortgage interest rates have continued to…
It’s long been argued that relying on credit scores for things such as evaluating rental applications is an old-fashioned model that needs to be done away with. But the question…
Kiki (formerly EasyRent), a subletting startup that matches listers with people looking to rent for up to six months, recently closed a $6 million seed round, its co-founder Toby Thomas-Smith…
Real estate marketing is no walk in the park. Not only do realtors have to weather market volatility, but they need to meet buyers where they shop — creating compelling…
WeWork is struggling to survive in a post-pandemic world. In announcing its earnings today, the flexible space provider said that “substantial doubt exists about the company’s ability to continue as…
Proptech startup Dongnae said Tuesday it plans to acquire Stevens, a South Korean company that operates co-living business Dears. The two companies did not disclose the acquisition price, but Dongnae said…
If you own a home, you know that there is always something that needs to be repaired, installed or generally addressed. Whether it’s a leaky faucet, a new bed that…
The concept of taking existing properties and repurposing them is not a new one. After all, Airbnb is a high-profile example of people turning vacation homes, for example, into revenue…
Redfin has laid off 201 employees, the third time the Seattle-based real estate company has reduced its workforce since June. The layoffs, which represents about 4% of its workforce, was…
