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
Hippo founders Assaf Wand and Eyal Navon (LinkedIn)

Home insurance startup Hippo raises $350M

Home insurance startup Hippo raises $350M
CoStar’s Andrew Florance and Homesnap’s John Mazur (CoStart; LinkedIn)

CoStar to acquire Homesnap for $250M

CoStar to acquire Homesnap for $250M
From left: LX Collection's Justin Kitrosser, Terry Villani and Jared Seeger (Photos via LX Collection)

New platform aims to be “Neiman Marcus” of luxury listings

New platform aims to be “Neiman Marcus” of luxury listings
NestEgg nabs $7M to pay your rent

NestEgg nabs $7M to pay your rent

NestEgg nabs $7M to pay your rent
One Madison Avenue and Marc Holliday (Photos via SL Green)

SL Green snags $1.25B construction loan for One Madison Avenue

SL Green snags $1.25B construction loan for One Madison Avenue
arrow_forward_ios

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

Loading...