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.
While there’s no doubt that technology has made real estate transactions faster, more streamlined and more user-friendly for today’s real estate buyers, sellers and professionals, it has also made these same audiences more vulnerable to cybercriminals who are looking to cash-in. Earlier this year, the FBI reported that nearly $1 billion had been stolen from buyers in real estate transactions in 2017 and a 480 percent increase in inbound complaints—establishing the real estate industry as one of the fastest-growing targets for cyber attacks.
Headout, a mobile app that lets consumers book last-minute activities in 15 major cities, has raised $10 million in Series A financing. Nexus Venture Partners and Version One Ventures led the investment in the New York City-based startup, which has raised $12 million to date.
Residential real estate has proven to be a strong driver of economic growth and individual wealth, representing more than 15% of our nation’s GDP. The combined value of housing in the United States reached a record-high $31.8 trillion in 2017, according to Zillow.
The procedure for cleaning patients’ ears hasn’t changed in close to 200 years. But, Dreamit HealthTech alum SafKan has developed a medical device that modernizes this process. SafKan recently announced additional funding from cultivate(MD) to continue its commercialization efforts.
Dreamit UrbanTech alum Traxyl is raising $3 million in seed financing with a mission to make optical fiber-quality data connectivity accessible and affordable to everyone. The team will use the funding to develop its machines that build optical fiber networks, to hire employees and find a new warehouse space. The company previously received a Small Business Innovation Research grant totaling nearly $225,000, for third-party lab testing.
Technically Philly covers the launch of Dreamit’s new SecureTech vertical.
Commercial real estate firms are investing heavily in technology startups and established companies that help manage data. The acquisition of FacilitySource comes after the company established itself as the go-to data solution for the facilities management industry and built advanced analytics capabilities that tap into performance data gathered since its founding in 2005.
Today we announced the launch of Dreamit SecureTech and our plans to invest in and accelerate game-changing securetech startups. Dreamit SecureTech has three focus areas: Logical will focus on hardware and software-based cybersecurity products; Physical will focus on mitigating threats to people and property; and Social will focus on the dimension of human communication such as fraud, social media/fake news, and information warfare.
On June 8th, 2018, executives, investors, founders, and other leaders from the Philadelphia healthcare community came together for Dreamit HealthTech’s Spring 2018 Demo Day. 7 innovative healthcare startups pitched at the event and attendees listened to Adam Dakin, Roy Rosin, and Brian Lobley discuss the future of healthcare innovation.
There is relatively little opportunity for a moat around scooter businesses apart from being the first to market in any geographic area. This explains why Sequoia pumped $150M into Bird for rapid expansion, and why GV invested $250M into Lime. When companies are built and deployed at scale, users are more likely to choose the product with wider availability. This is what gave Uber a massive advantage in the ride-hailing market, which has many similarities to the mobility market occupied by electric scooter companies.
JLL is one of the largest players in real estate, with over $7B in revenue and over 77K employees around the world. Now, the real estate developer and property manager is getting into the property tech investment game with the launch of a new $100 million fund run by corporate subsidiary JLL Spark.
As the Brooklyn Army Terminal (BAT) celebrates its 100th birthday, NYCEDC is turning to the city's rich ecosystem of smart building innovators to enhance the infrastructure and operations of this New York City landmark. The Smart Buildings Tech Challenge invites applicants to submit proposals to address three key smart building areas. Selected finalists will be invited to a pitch event this summer, and winning proposals will be contracted by NYCEDC to pilot the project at BAT.
Dreamit HealthTech startup Infermedica recently won the award for best pitch during the EC2VC Investor Forum at HIMSS Europe & Health 2.0 Conference 2018. The company, which has developed an artificial intelligence diagnostics tool, already has several clients including Allianz Partners, Medicover, and HealthLoop.
Dreamit HealthTech alum PhotoniCare recently received a $2.1M grant from the National Institute of Health. Learn how PhotoniCare improves ear infection detection and find out how it plans to use the new funding to commercialize its product.
Dreamit HealthTech alum Voiceitt scooped up the “AI for Good” prize in the Innovate.AI competition hosted by Microsoft. Tel Aviv-based Voiceitt uses speech recognition smarts to translate unintelligible sounds into clear speech in real time, which could help people suffering from disorders such as Parkinson’s, cerebral palsy, autism, strokes, and more. Voiceitt won a $500,000 investment and $500,000 in Azure credits.
Dreamit HealthTech alum Kaizen Health recently announced it raised a $3.8M Series A round of financing. Find out more about the company and how it will improve access to healthcare.
CRE property management software startup Workframe announced that it has raised $9.5 million in a Series B funding round led by commercial real estate giant Newmark Knight Frank.
Saskatoon-based startup myComply could be set to revolutionize construction site safety across North America. Timed with Construction Safety Week 2018, myComply has announced its flagship solution that helps to reduce risk by making it easy for general contractors to verify that all trade contractors on site at a construction project are properly trained and safety certifications are current.