Goldman Sachs halts work in SPAC market
TRD Staff | May 09, 2022 05:59PM
Goldman Sachs Group is withdrawing from the SPAC market over new guidelines from regulators, an ominous sign for real estate companies looking to go public through a so-called SPAC, or special purpose acquisition vehicle....
Goldman Sachs halts work in SPAC market
Issue
Crashing the party: New SPAC rules could slash proptech deals
By T.P. Yeatts | May 02, 2022 07:30AM
Taking a proptech firm public will never again be so easy — if regulators have their way. Many feel...
Crashing the party: New SPAC rules could slash proptech deals
How we make cement isn’t set in stone: Brimstone raises $55M in huge pre-revenue round
By Hiten Samtani | April 28, 2022 12:12PM
Brimstone Energy is taking on a challenge of biblical proportions: producing mass-market, zero-carbon Portland cement, a key building material....
How we make cement isn’t set in stone: Brimstone raises $55M in huge pre-revenue round
Future City: Venture capital doubles down
By T.P. Yeatts | April 26, 2022 07:00AM
Undaunted Venture capital firms poured an unprecedented $4 billion of equity funding into the proptech sector in the first quarter, doubling down on their bets even as rising interest rates and the resulting market...
Future City: Venture capital doubles down
Insurtech startup TheGuarantors raises $50M
By T.P. Yeatts | April 25, 2022 07:00AM
TheGuarantors, a startup that offers a security deposit alternative and lease guarantees to cash-strapped renters, raised $50 million in Series C funding. The raise, led by Portage Ventures, follows the New York-based startup’s $15...
Insurtech startup TheGuarantors raises $50M
Weekend Edition
Mortgage tech firm lays off 200 as rates surge, industry slumps
TRD Staff | April 23, 2022 09:00AM
A digital lending platform is laying off 200 employees as a historic surge in mortgage rates tamps down applications....
Mortgage tech firm lays off 200 as rates surge, industry slumps
“Prudent and necessary”: More layoffs at Better.com
TRD Staff | April 19, 2022 01:30PM
Better.com tried to convince some of its employees to leave earlier this month. So it likely wasn’t a surprise...
“Prudent and necessary”: More layoffs at Better.com
Venture capitalists piled record $4B into proptech in Q1
By T.P. Yeatts | April 19, 2022 07:00AM
Rising interest rates and market volatility have whipped up headwinds for real estate technology in recent months, but venture...
Venture capitalists piled record $4B into proptech in Q1
Convene’s deal with Saks owner not as rosy as it sounds
By Keith Larsen | April 14, 2022 08:45AM
Department store powerhouse Hudson’s Bay Company is combining its co-working business with startup Convene to become a major provider...
Convene’s deal with Saks owner not as rosy as it sounds
Future City: Opendoor’s manifest destiny
By T.P. Yeatts | April 12, 2022 07:00AM
Coast to coast Flipping homes using algorithms to estimate values can be much more challenging on the coasts, where the housing stock is varied and idiosyncratic. That hasn’t stopped Opendoor, the dominant iBuyer, from...
Future City: Opendoor’s manifest destiny