The Real Deal New York

A look at the developers bankrolling real estate tech’s gold rush

The money behind the startups. Think Rudin, LeFrak and Wilpon

January 18, 2016 09:45AM
By E.B. Solomont

From left: SilverTech partners Charlie Federman, Lawrence Wagenberg and Tal Kerret

From left: SilverTech partners Charlie Federman, Lawrence Wagenberg and Tal Kerret

From the January issue: Roughly $1.5 billion flowed into real estate tech companies in 2015, and those funds came from an increasingly diverse pool of investors.

In addition to about a dozen venture capital firms, institutional and family organizations — which wouldn’t have touched real estate tech 10 years ago — are expanding their hold on the nascent industry.

“You have everyone from the Milsteins to the Rudins to the Wilpons to the LeFraks all doing deals,” said Zachary Aarons, an angel investor and co-founder of MetaProp, a New York City-based real estate technology “accelerator,” which mentors tech startups. [more]

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