REBNY PropTech Challenge

REBNY PropTech Challenge

The Real Estate Board of New York (REBNY) are hosting a PropTech Challenge and giving startups a chance to win $50,000. This new virtual real estate hackathon encourages the development of cutting-edge solutions to solve challenges faced by today’s leading real estate companies and removes the physical limitations of a traditional hackathon, while creating active mentorship for up-and-coming technology innovators.

SecureTech Insights | Meet the Startups | 9-21-2018

SecureTech Insights | Meet the Startups | 9-21-2018

Earlier this month, our team at Dreamit kicked off our Fall 2018 SecureTech cohort, the inaugural group of security-focused startups in our new program led by Bob Stasio. After evaluating hundreds of potential startups for entry into the program, several trends emerged that point to how security technology will evolve in the coming years. We wanted to share some of those insights with you.

UrbanTech Insights | August 22

UrbanTech Insights | August 22

Dreamit UrbanTech Managing Director Andrew Ackerman gives his advice to founders in Propmodo about how to create a market size slide that will impress potential investors. Too often, founders present a top-down market size estimate that includes irrelevant pieces of the market and does not include any numbers related to product pricing. Investors have such low expectations from this slide that they often gloss over it during meetings and figure out the estimate themselves.

Our Investment in InquisitHealth

Our Investment in InquisitHealth

We recently announced our investment in InquisitHealth, a Dreamit HealthTech company focused on improving health outcomes via peer mentorship and coaching programs. The new round of funding brings InquisitHealth’s total funding, including non-dilutive grants from the National Institutes of Health, to $4.2M.

The Rise of Innovative Blockchain Products in Healthcare

The Rise of Innovative Blockchain Products in Healthcare

Blockchain applications have grown in popularity with the rise of technologies like Bitcoin and Ethereum. But, whether blockchain can transform or disrupt healthcare for the better remains unclear. In this article, we evaluate several potential use cases for blockchain in healthcare and showcase some of the startups that are bringing this technology to the industry.

Venture Trends in Real Estate Tech

Venture Trends in Real Estate Tech

At the Future of Real Estate Tech Summit in Miami, three investors joined a panel to discuss trends in proptech. Michael Beckerman (Founder, CEO of CREtech), Jeff Berman (Partner at Camber Creek), and Andrew Ackerman (Managing Director at UrbanTech Dreamit) are thought leaders in the space and discuss the biggest changes in the market. As the industry grows increasingly aware of the cost and time-saving benefits of real estate technology spurring adoption and boosting sales, investor interest has skyrocketed. In 2017, venture investors deployed over $5 billion in real estate technology, more than 150 times the $33 million invested in 2010.

 Grubhub Acquires Dreamit Alum LevelUp for $390M

Grubhub Acquires Dreamit Alum LevelUp for $390M

Dreamit portfolio company LevelUp was acquired by Grubhub in a “spectacular outcome” for the accelerator and venture fund. Founder and CEO Matt Maloney told TechCrunch that while previous Grubhub acquisitions like Eat24 were designed to give the company’s delivery business more scale, “This is kind of a different acquisition. It’s a product and strategic positioning acquisition.”

PhotoniCare: A surer way to diagnose ear infections

PhotoniCare: A surer way to diagnose ear infections

PhotoniCare's new hand-held device uses advanced light-based technology to see through the eardrum to the middle ear. Otitis media, commonly known as middle-ear infection, is an inflammation in the middle ear, the area behind the eardrum. It's usually associated with the buildup of fluid.

How big is the proptech or real estate tech industry?

How big is the proptech or real estate tech industry?

How big is proptech market? Venture investors sank $18.6 billion into real estate property technology — known as proptech — firms from 2015 to 2017, and more than 25 percent of that came in the fourth quarter of last year alone, according to a report from real estate tech research and marketing agency Re:Tech. In 2017, VCs put $12.6B into the real estate tech sector, with WeWork and Compass leading in terms of funds raised. Softbank invested $4.4 billion in WeWork and $450 million in Compass. United Stated-based real estate tech firms comprised nearly $6.5 billion, or 52 percent, of the venture capital funding raised in 2017.

July 27 UrbanTech Newsletter

July 27 UrbanTech Newsletter

Real estate giants like JLL, CBRE, Newmark, and others are adapting to a new environment in which they are no longer the primary arbiters of market data in the commercial real estate sector. Tech companies with large transaction volume and innovative data collection methods are offering an alternative. In response, large CRE brokerages have diversified their businesses, rolling out advisory services for their clients and moving into areas like property management that are less cyclical than the data-dependent brokerage side of the business.  

UrbanTech Newsletter

UrbanTech Newsletter

According to a new report published by commercial real estate giant JLL, VCs invested $1.05 billion in global construction technology startups in the first half of 2018, a record high. The investment volume in 2018 is already up nearly 30 percent over the 2017 total. These construction tech startups are helping to deliver projects more quickly, to reduce wasted resources and materials, to make worksites safer, to increase coordination among stakeholders on project sites, and to provide new data sources for project leaders. 

Investors Pour $1.05 Billion Into Construction Tech Startups

Investors Pour $1.05 Billion Into Construction Tech Startups

According to a new report published by commercial real estate giant JLL, VCs invested $1.05 billion in global construction technology startups in the first half of 2018, a record high. 2018’s investment volume is already up nearly 30 percent over the 2017 total. These startups are helping to deliver projects more quickly, to reduce the amount of resources being consumed, to make worksites safer, to increase coordination among stakeholders in the projects, and to provide new data sources for project leaders. 

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