proptech

Startups among entities to face tougher laws as Kenya moves to protect personal data

Startups processing personal data in Kenya are among the entities required to register with the Office of the Data Protection Commissioner (ODPC), as the East African country implements a law protecti

Mudafy raises $10M in Founders Fund-led Series A to fix LatAm’s ‘broken’ real estate process

Mudafy, a tech-enabled real estate broker operating in Latin America, has raised $10 million in a Series A round of funding led by San Francisco-based Founders Fund. Founded in mid-2019, Mudafy operat

FTC slams Opendoor with $62M settlement over false advertising claims

Opendoor has agreed to pay $62 million to settle charges by the Federal Trade Commission, which says the company’s claims that it helps people make more money by selling their house to the company r

You can’t afford a house, but you can probably afford Nada

Rents are going up in cities across the U.S., but the national homeownership rate has been steadily declining as prospective buyers grapple with low supply, weakening purchasing power and record-high

Indonesia’s IDEAL takes the pain out of applying for mortgages

Applying for mortgages is often a time-consuming and disorganized process, with reams of manual paperwork required. Based in Jakarta, IDEAL simplifies the process with a platform that lets users compa

Butlr lands new cash to put people-detecting sensors in the office

Butlr, an MIT Media Lab spinout developing sensors that use body heat to estimate office occupancy, today announced that it raised $20 million in a Series A round with participation from Carrier Globa

Embattled digital mortgage lender Better.com reveals string of new senior exec hires in ‘rebirth’ attempt

Online mortgage lender Better.com is on a mission to reinvent its image. The embattled startup announced today several new hires of senior executives, including a new chief growth officer and a new he

Brazilian proptech startup Loft, which was valued at $2.9B last year, lays off 380 employees

Loft, a Brazilian proptech unicorn, has laid off about 380 employees, or 12% of its workforce, the company announced today. The layoff marks the company’s second round of cuts this year so far. In A

HomeLister wants to make selling your home more of a DIY affair, and cheaper

Most real estate agents charge a commission — in many cases up to 6% of the sale price of a home — for listing and selling a house on behalf of a homeowner. For a home that sells for about

Taking on Bilt, Stake aims to expand its cash-back rewards program for renters

Aiming to compete with Bilt in the nascent property renter rewards market, Stake, a startup that provides cash back and banking services to renters, today announced that it raised $12 million in a Ser

Sequoia Capital India and Founders Fund back UAE-based proptech startup Huspy in its $37M round

Founders Fund has made its first investment in the Middle East by backing UAE-based proptech startup Huspy. The $37 million Series A round, one of the largest at this stage in MENA, was led by Sequoia

Amid real estate tech industry layoffs, HomeLight raises $60M and acquires lending startup Accept.inc

Just days after publicly traded real estate tech companies Redfin and Compass laid off a combined 900-plus employees, another proptech — HomeLight — is announcing that it has secured $60 m

Redfin and Compass lay off a combined 900+ employees as mortgage interest rates continue to climb

The housing market has taken a huge hit this year as mortgage interest rates have surged and homeowners scale back on purchases. The latest casualties in the proptech world are Redfin and Compass, whi

Summer launches to let you ‘try before you buy’ a second home

As many millennials struggle to come up with the cash to buy their first home, plenty of other folks are looking to buy their second. Summer is squarely aimed at the latter group. Even for those afflu

Roofstock founder closes on $90M fund to back early-stage proptech startups

Early-stage proptech startups have a potential new source of capital in 1Sharpe Ventures, which recently closed its $90 million inaugural fund. Roofstock co-founder and chairman Gregor Watson and real

Viola Credit closes $700M fund to provide asset-based lending to fintech startups

Fintech startup and alternative credit asset manager Viola Credit has closed its latest $700 million fund, which provides asset-based lending capital to fintech, proptech and insurtech startups. If t

Latch, a proptech meets SaaS play, conducts two consecutive weeks of layoffs

Latch, a proptech smart lock company that raised $152 million in known private capital before debuting on the stock market through a SPAC last year, is conducting another round of layoffs. Earlier thi

Belong secures $80M to take the pain out of rental property management

Historically, the relationship between landlords and tenants can be a contentious one. At the same time, the experiences of managing a property, and renting one, are not always smooth. Belong, a start

Forerunner, Bezos back Arrived, a startup that lets you buy into single-family rentals for ‘as little as $100’

Arrived has raised $25 million in a Series A funding round led by Forerunner Ventures to give people the ability to buy shares in single-family rentals with “as little as $100.” Returning backers

Colombian proptech Habi reaches unicorn status with $200M raise co-led by SoftBank and Homebrew

Habi, a Bogota-based proptech, has closed on $200 million in a Series C funding round co-led by Homebrew and SoftBank Latin America Fund. The startup did not reveal its exact valuation, saying only it
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