real estate tech

Virtual Staging AI helps Realtors digitally furnish rooms within seconds

House staging is a significant part of the real estate industry, and while Realtors have traditionally staged houses physically before posting a listing, it’s an expensive and time-consuming pro

Opendoor co-founder Eric Wu is stepping down to return to his startup roots

Opendoor co-founder Eric Wu is stepping down from the real estate tech company, according to an SEC filing. In a statement, Wu said: “After ten years, I am called to get back to my startup roots and

Pitch Deck Teardown: Fifth Dimension AI’s $2.8M seed deck

AI is a chaotic free-for-all right now, especially when it comes to the fundraising cycles. Does Fifth Dimension stand out from the crowd?

Divvy Homes goes from $2B valuation to third round of layoffs in a year

Divvy Homes, the rent-to-own startup that gained attention and investment from Tiger Global and other high-profile investors, is laying off 94 employees. The layoffs — its third round in the past ye

Proptech in Review: 3 investors explain how finance-focused proptech startups can survive the downturn

3 VCs talk about which fintech-focused startups have the best shot at survival and the advice they are giving startups in their portfolios.

Opendoor lays off about 550 employees, or 18% of its workforce

Opendoor is letting go of about 550 people, or 18% of the company, across all functions, its co-founder and CEO Eric Wu announced in a blog post today. The real estate technology company is one of man

Clear Capital lays off 27% of its global staff

Clear Capital, a real estate valuation technology company and firm, is laying off 27% of its staff months after freezing mass hiring, TechCrunch has learned from sources. A spokesperson for Clear Capi

Burn baby burn. Real estate-focused fintech startups feel the heat

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Real estate tech startup Reali to shut down after raising $100M one year ago

Startups that are catering to homebuyers are struggling as interest rates and inflation have climbed and inventory shortages continue in many markets.  The latest casualty in the space is Reali, whic

Kleiner Perkins leads $30M raise for Zumper to meet flexible, short-term rental demand

One consequence of the COVID-19 pandemic is more people had flexibility to work remotely, and that meant they also had more flexibility to live where they wanted. As a result, more people chose to rel

Crypto, where the fallen seek a fresh start

Welcome back to Chain Reaction. Last week, we talked about privacy in crypto and how it’s sometimes at odds with regulation. This week, we’re covering a larger-than-life founder who is per

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

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

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

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

Meta M&A exec leaves role to join real estate startup Pacaso as COO

Lara Cumberland is leaving her role as head of M&A Integration at Meta (formerly Facebook) to join proptech unicorn Pacaso as its chief operating officer (COO). Cumberland first joined Meta in Feb

Playhouse is TikTok meets Zillow for the next generation of homeowners

We’re all guilty of it: Sometimes, even when we’re not looking to move, it’s fun to look at home listings on Zillow just to see what’s out there. If that sounds weird to you… I don’t b

Flock Homes closes on $26M for landlords to exchange rentals for shares in a portfolio of homes

Historically, only institutions have been able to be part of REITs (real estate investment trust), which are made up of companies that own or finance income-producing real estate across a range of pro

Profitable proptech Place raises $100M at a $1B valuation as Goldman Sachs leads its first round of funding

Many real estate technology companies are developing technology that is in competition with, or could potentially replace, real estate agents. One startup that aims to help agents succeed and flourish

Real estate marketing software provider Luxury Presence raises $25.9M in a Bessemer-led Series B

Luxury Presence, a startup selling marketing software to real estate brokerages, announced today it has raised $25.9 million for its Series B round. Bessemer Venture Partners led the round alongside f
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