So happy and proud to be named with these great new companies!
- See more at: http://www.thenewsfunnel.com/blog/explosion-fundraising-real-estate-technology-companies-last-year#sthash.NeqkvCXb.QtZMmtFd.dpufPosted January 23rd, 2014 by FunnelCastAs we turn the corner into a new year, it’s always a good time to be reflective, but it’s more pragmatic to look ahead toward the future. The end of 2013 had an extraordinary revolution in the consumer tech sector, with several technological marvels that were anticipated for some time. We now have the smart watch and wearable technology. We now have the next generation of gaming consoles. We even have a 3D scanner (here’s proof if you don’t believe us).
While these innovations are definitely exciting, none seem to hold any degree of impact in the real estate sector. But the past year was a defining year for the real estate industry in the tech fundraising space, specifically in the commercial real estate sector. The News Funnel is excited to profile the following companies, which have raised a collective $44.25 million in their latest rounds of funding, as driving forces behind the burgeoning industry of real estate technology.
View The Space – ($7 million)
View the Space (VTS) is a cloud based leasing platform tailor made for brokers, asset managers, and portfolio managers to manage their deal flow from their desktop or mobile phone. VTS was founded in 2011 by Nick Romito. The site’s largest investor is California-based Trinity Ventures. Another notable investor is Greg Waldorf, former CEO of eHarmony.
42Floors – ($12.3 million)
42Floors is an office space search engine that services the New York and San Francisco areas. The company has raised over $17 million to date. The Series B round was led by new investor NEA, with participation from existing backers Bessemer Venture Partners and Thrive Capital, as well as new investor Columbus Nova Technology Partners. Since being founded in 2011, 42Floors has connected approximately 1,500 businesses with office space, and plans on growing to markets in 2014.
Compstak – ($4.45 million)
Compstak is a NYC-based website that utilizes crowdsourcing to gather commercial real estate information that is hard to find, difficult to compile or otherwise unavailable. Its Class A round raised nearly $5 million and was led by Canaan Partners. Other investors included Founder Collective, Expansion VC and 500 Startups.
Storefront – ($1.6 million)
Storefront is an online marketplace created for artists, designers and brands to find and rent retail space. The company was co-founded in 2012 by Erik Eliason and Tristan Pollock. Subsequently, it has received $1.6 million in seed funding from investors such as Great Oaks Venture Capital, 500 Startups and Mohr Davidow Ventures.
Honest Buildings – ($9.5 million)
Honest Buildings is a commercial real estate marketplace that matches top building professionals with building owners, decision makers and project managers. Architects, engineers, contractors and technology providers can quickly create a custom profile and showcase relevant case studies to a network of tens of thousands of real estate professionals, including owners and other decision-makers who are looking to bid out building projects. The HB Network originated over $55 million of transactions in 2013. HB's investors include Thrive Capital, Westly Group, and Rockport Capital.
The News Funnel – ($2 million)
The News Funnel is a website that builds customized news feeds for business professionals and corporate websites. The News Funnel retrieves industry-specific articles, press releases, blogs, videos, event announcements and market research reports from thousands of media feeds, creating the most comprehensive set of sources in the industry. The News Funnel closed its Class A funding round with $2 million at the end of 2013. Michael Beckerman, the company’s founder/CEO and a PR executive with more than 25 years of experience, is the site’s largest investor. Other investors include Steve Siegel, chairman of Global Brokerage at CBRE, Jim Petrucci, founder and president of JG Petrucci, the Silverman family, the Criscola family and Scott Landis, a principal of the Landis Group.
LiquidSpace – ($7.3 million)
LiquidSpace is a website built to help business professionals locate optimal space to meet or work from a marketplace composed of thousands of meeting rooms and workspaces. Whether it is a private workspace held within a company’s portfolio or a co-working venue, business center, hotel lobby, private or public office, LiquidSpace allows business people find, book and share thousands of different venues located in hundreds of cities across the U.S.