National
Proptech startup CEO on valuation woes: “Flat is the new up”
Three’s company HomeLight, a San Francisco-based proptech firm that facilitates contingency-free, cash transactions, bought the Denver-headquartered fintech Accept.inc —...
Future City
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National
Future City: Sonder’s deep cuts
Suit and sour An ex-Better.com executive is suing her former employer, alleging that the digital mortgage lender misled investors to retain their support for its still-pending SPAC merger. The suit, brought by Sarah Pierce,...
National
Future City: A steadfast SPAC sponsor
Second shot Joseph Beck and Thomas Hennessy, the investor pair behind Porch’s 2020 SPAC merger, promised a “category winner” when they launched their second SPAC back in 2020, raising $200 million. They say they...
National
Future City: An Amazon for architects
Paint by numbers Material Bank, a kind of Amazon for architects and designers, raised $175 million to expand its marketplace for paint, tile and other products used to put the finishing touches on projects....
National
Future City: Venture capital doubles down
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...
National
Future City: Opendoor’s manifest destiny
Coast to coast Flipping homes using algorithms to estimate values can be much more challenging on the coasts, where...
National
Future City: Smart home combo
Smart home combo The smart-home startup SmartRent made another big-ticket purchase — its second so far this year — buying the maintenance and resident service software company SightPlan for $135 million in cash. Orlando,...
National
Industry leaders gather at The Real Deal’s Future City retreat: PHOTOS
More than 100 top developers, proptech principals and architects gathered at The Real Deal’s Future City retreat in the...
National
Future City: Better.com’s troubles worsen
For better or worse Digital mortgage lender Better.com cut roughly 3000 employees, or about a third of its staff,...
National
Future City: Opendoor comes home
Coming home Opendoor, the largest iBuyer in the U.S., has flipped tens of thousands of homes, but not in its own backyard — until now. The San Francisco-based company said this month that it...