Corigin Ventures raises $22M in second fund

Venture capital firm has dedicated much of it to RE tech

New York /
Aug.August 20, 2018 04:00 PM

Corigin Ventures’ David Goldberg (Credit: Corigin Ventures and iStock)

With an eye on investing in real estate tech companies, venture capital firm Corigin Ventures has raised $22 million and plans to bring in another $27.9 million by the end of the year.

The company, which focuses on real estate tech and consumer products, raised nearly half of its $50 million fund from “family offices and high net-worth individuals with connections to real estate,” David Goldberg, general partner at Corigin, told The Real Deal on Monday. He declined to further identify the fund’s investors.

Corigin has already invested $5.75 million from the fund in five real estate-related companies, including home renovation start-up Renoviso, which received $2.5 million; and hotel booking site the Guild, which took in $1.25 million. Another $2.75 million was dedicated to companies unrelated to real estate.

This is Corigin’s second fund, but the first it has launched independently from the balance sheet of its development arm, Corigin Real Estate Group. The company was an early investor at Compass and made a number of PropTech investments with its first fund. Other recipients included Paintzen and LoftSmart.

TRD recently detailed the surge of real estate venture investment. In recent years, there’s been a spike in the number of VC funds devoted exclusively to real estate startups. Major players include Fifth Wall, MetaProp and Camber Creek.


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
Eric Gordon
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
Billionaire entrepreneur Mark Cuban (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images)
Mark Cuban: Metaverse real estate is the “dumbest sh*t ever”
Mark Cuban: Metaverse real estate is the “dumbest sh*t ever”
Homeward founder Tim Heyl (Homeward, Getty Images)
Power buyer Homeward lays off 20% of staff
Power buyer Homeward lays off 20% of staff
The office building at 2400 Sand Hill Road in Menlo Park, part of DivcoWest’s “The Quad” campus
Sand Hill Road reckons with its future
Sand Hill Road reckons with its future
Sen. Mitt Romney and Sen. Kyrsten Sinema (Getty)
Developers, rejoice: Carried-interest loophole is saved again
Developers, rejoice: Carried-interest loophole is saved again
Zillow's Rich Barton and Opendoor's Eric Wu (Zillow Group, LinikedIn, Getty)
After iBuying debacle, Zillow partners with Opendoor
After iBuying debacle, Zillow partners with Opendoor
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...