Tech

(Super Gen via Twitter/ArjunKharpal, Getty)
National Weekend Edition

Ready players: 5M-sf e-sports complex rises in Shanghai

 A nearly 5.4-million-square-foot e-sports complex will be built in Shanghai, meant to solidify the city as the center of...

Ready players: 5M-sf e-sports complex rises in Shanghai
Porch CEO Matt Ehrlichman (iStock)
National

Porch snaps up four startups for over $122M

Porch isn’t wasting time on the acquisition front: Just three weeks after going public, the home-services startup scooped up four companies for $122 million. The Seattle-based company said it inked a deal to buy...

Porch snaps up four startups for over $122M
From left: Lionheart's Ophir Sternberg, Fifth Wall's Brendan Wallace, Chamath Palihapitiya, Supernova Partners' Spencer Rascoff and Proptech Acquisition II's Tom Hennessy (Getty, LinkedIn, iStock)
National

These blank-check firms are courting proptech deals

 It’s a good time to be a startup aspiring to go public. Investors plowed more than $83 billion into...

These blank-check firms are courting proptech deals
Katerra CEO; SoftBank CEO Masayoshi Son and Katerra CEO Paal Kibsgaard (Photos via Katerra; Getty; iStock)
National

SoftBank bails out Katerra with $200M cash injection

Once bitten, twice shy? Not so for Japanese investment firm SoftBank, which despite its ill-fated bet on WeWork has...

SoftBank bails out Katerra with $200M cash injection
Despite recurring losses, Porch was valued at $1.1 billion on its first day of trading.  (Porch, Getty)
National

Porch valuation soars to $1B after IPO

After merging with a blank-check company, Porch.com is now a billion-dollar company. Despite recurring losses — which prompted accountants to raise red flags in the company’s IPO filing — the home-services startup made its...

Porch valuation soars to $1B after IPO
Procore's Tooey Courtemanche, REEF Technologies's Ari Ojalvo, Pacaso's Spencer Rascoff and Sonder's Francis Davidson (Procore, CoMotion Miami, Getty, Sonder, iStock)
National

10 biggest proptech funding rounds of 2020

Some got bailouts, others got boosters — but across the board, proptech firms continued to reel in cash in 2020 as the pandemic forced the slow-to-adapt real estate industry to fully embrace technology. As...

10 biggest proptech funding rounds of 2020
Porch CEO Matt Ehrlichman (right), with Abu Dhabi Investment Authority veteran Thomas Hennessey  (Ehrlichman via Porch,  Hennessey via LinkedIn)
National

Porch.com set to begin trading this week

Porch.com gave an early Christmas present to its investors: The home-services startup will start trading on Nasdaq on Dec. 24 after its merger with a blank-check company was finalized. The deal with Proptech Acquisition...

Porch.com set to begin trading this week

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