Brendan Wallace has a lot on his mind lately. Wallace is the co-founder of Fifth Wall Ventures, a nine-year-old proptech venture firm with $3.2 billion in assets under management. He’s also a homeowner in L.A., which continues to battle raging wildfires. While his place remains intact, many of his friends haven’t been so lucky. Wallace…
Category: Real estate
a16z, Exclusive, Global IT News, Global Security News, PropTech, Real estate, Startups
Some shareholders of a16z-backed Divvy Homes may not see a dime from $1B sale
The $1 billion acquisition of rent-to-own startup Divvy Homes, which was announced Wednesday, is expected to leave some shareholders without a payout, according to sources familiar with the deal. The terms — and Divvy’s journey from buzzy startup to acquisition target — reflects the rollercoaster ride the proptech industry has endured over the past decade.…
Divvy Homes, Global IT News, Global Security News, PropTech, Real estate, Real Estate Tech, Startups
Rent-to-own startup Divvy Homes selling to Brookfield for about $1 billion
After a turbulent few years for proptech, Divvy Homes announced Wednesday that it is selling to a division of Brookfield Properties for about $1 billion. © 2024 TechCrunch. All rights reserved. For personal use only.
Andreessen Horowitz, Blumberg Capital, Divvy Homes, Global IT News, Global Security News, PropTech, QED Investors, Real estate, shutdowns, Startups, Tiger Global Management
Once high-flying proptech startups Divvy Homes and EasyKnock are the latest to struggle
Many proptech startups, born and funded during the low-interest-rate heydays, are in the throes of struggle. With investments into U.S.-based real estate startups falling from $11.1 billion in 2021 to $3.7 billion last year, according to PitchBook data, some are selling themselves off, while others are closing shop. The two most recent examples are the…
Climate, Denmark, Donald Trump, Founders Fund, Global IT News, Global Security News, Government & Policy, greenland, Ken Howery, PayPal Mafia, Real estate, Venture
Ken Howery: the tech mogul at the center of Trump’s Greenland ambition
Surprise! Donald Trump’s big, audacious ambition to buy Greenland from Denmark has a tech angle. Ken Howery, named by U.S. President-elect Trump’s pick to be the next ambassador to the country (and thus chief broker of any deal), is one more part of the rich seam of tech people running through Trump’s upcoming administration. Part…
Global IT News, Global Security News, industrious, PropTech, Real estate, WeWork
CBRE buys remainder of co-working company Industrious at an $800M valuation
Real estate giant CBRE announced Tuesday that it is acquiring the rest of co-working startup Industrious, in which it already had a sizable investment, at a valuation of over $800 million. Founded in 2013, New York-based Industrious raised a total of $522 million in funding from investors including Riverwood Capital and Fifth Wall Ventures. Its last…
Global IT News, Global Security News, Real estate, renovation
Beams secures $9M Series A to digitize UK home renovation market
Home renovation projects can be unpredictable for both customers and builders. Meanwhile, small contractors barely use modern software and home renovation giants, like IKEA, tend to trundle on with dated legacy software. UK startup Beams thinks it can solve this conundrum and has now raised a $9 million Series A funding round to crack the…
Fifth Wall Ventures, Fundraising, Global IT News, Global Security News, interest rates, PropTech, Real estate, real estate investing, Venture
Real estate VC Fifth Wall is raising $500M for a new fund
Real estate venture firm Fifth Wall is raising a new $500 million fund called Fifth Wall React, according to a regulatory filing. © 2024 TechCrunch. All rights reserved. For personal use only.
Airbnb, Commerce, Fundraising, general atlantic, Global Security News, hostaway, Real estate, tourism, travel, Vacation Rentals
Travel is back: Hostaway raises $365M at a $925M valuation
The tourism and travel industries — after several tough years that included not just a global health pandemic but economic and geopolitical upheaval — are finally back on track, expected to make a “full recovery” to pre-pandemic levels of activity, the UN said earlier this month. As an indicator of that, Hostaway, one of the…