Viewing entries tagged
urbantech

The Proptech Startups Using VR & AR to Reshape Real Estate

The Proptech Startups Using VR & AR to Reshape Real Estate

According to Goldman Sachs,  virtual and augmented reality (AR) will become an $80 billion market by 2025, and $2.6 billion will be specifically for real estate. The medium is extremely powerful. About 30% of the neurons in the brain are dedicated to vision, compared to only 8% for touch and 2% for hearing. Over the past week, Zillow announced the rollout of their 3D Home tool, which lets real estate agents show immersive VC views of homes for sale. Read about the startups innovating in this space.

Video: Andrew Ackerman and Charlie Stephens from Cushman & Wakefield

Video: Andrew Ackerman and Charlie Stephens from Cushman & Wakefield

Dreamit UrbanTech Managing Director Andrew Ackerman joined Charlie Stephens (@charlieNYC), a real estate advisor at Cushman & Wakefield, for his “Leaders Live” series of interviews. Stephens has been involved in advising over a million square feet of tenant and landlord representation transactions within Manhattan and across the country since 2009. He has worked with clients such as Conde Nast, ING, Ernst and Young, and many more.

Future of Real Estate Pitch Competition in Miami

Future of Real Estate Pitch Competition in Miami

On May 14, 2019, our friends at Lab Ventures Miami are hosting Future of Real Estate Tech Summit Miami
This event brings together investors, innovative startups and leading corporations in the construction and real estate industry. The audience will be highly curated creating powerful networking opportunities with C-level executives from Developers, Owners, Associations, Construction Companies, Multifamily Offices, Architects, Growth Stage Startups, Strategics, Commercial Developers and more. Startups can apply to pitch at the event.

UrbanTech Transit Startup Remix Raises $15 Million

UrbanTech Transit Startup Remix Raises $15 Million

Remix is currently being used by over 4,000 planners in over 300 cities to enable planners to visualize tradeoffs when making urban planning decisions. The startup is attempting to streamline decision-making for city planners, allowing planners to drag and drop changes like re-route bus routes or additional bike lanes. Planners then see in real time how that change will affect other streets and the flow of transportation as a whole. For cities, better planning results in shorter commute times, safer streets, and lower greenhouse gas emissions.

UrbanTech News Roundup

UrbanTech News Roundup

What we’re reading in urban tech, real estate, and construction tech news this week.

#PropTech Venture Capital Trends from November

#PropTech Venture Capital Trends from November

According to RE:tech, venture investors deployed over $3.2 billion into real estate tech startups in November. The majority of this capital went to just three companies. WeWork raised $3 billion, while Nested and PropertyFinder raised just over $120 million each. All other earlier stage real estate tech startups split the remaining $34 million of total funding in November.

Real Estate Data Platform Cherre Raises $9 Million in Seed Funding to Accelerate Expansion

Real Estate Data Platform Cherre Raises $9 Million in Seed Funding to Accelerate Expansion

Cherre, a real estate data platform that completed Dreamit UrbanTech in 2018, announced a $9 million seed funding round led by Navitas Capital. Cherre provides large enterprises, insurance companies, banks and investors with a platform to collect, augment, and resolve property data in real-time from thousands of public, private, and internal sources, allowing them to evaluate investment and underwriting opportunities more accurately and efficiently than ever before.

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.

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.

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.

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.  

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