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Real estate investing giant Fundrise breaks into venture capital

TechCrunch

Fundrise , a company that allows anyone to invest in real estate with a minimum investment of just $10, is making a splashy entry into the venture capital market with the goal of raising a new $1 billion growth equity fund to invest in late-stage tech startups, it announced today. Fundrise manages over $2.8

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Tech industry reacts to Adam Neumann’s a16z-backed return to real estate

TechCrunch

The stealthy startup is trying to reinvent real estate (again), but instead of commercial properties, which WeWork focused on, Neumann is looking into revolutionizing rental properties. It is unclear how the deal is structured between equity financing or debt financing. It’s a playbook that they never change.

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Sundae closes on $80M for residential real estate marketplace

TechCrunch

Sundae , a residential real estate marketplace that pairs sellers of dated or damaged property with potential buyers, has raised $80 million in a Series C funding round co-led by Fifth Wall and General Global Capital. 9 top real estate and proptech investors: Cities and offices still have a future.

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

TechCrunch

Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the real estate industry. Layoffs in the sector began — and they took place in a range of real estate tech companies, big and small. Low interest rates mean more purchases and refinances.

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Nigerian proptech Spleet gets $2.6M led by MaC VC to scale its property management products

TechCrunch

While Adesanmi worked for years in Nigeria’s banking and fintech space, his family’s real estate background pushed him to establish a startup in proptech. million seed funding led by Los Angeles–based early-stage VC firm MaC Venture Capital. monthly to finance rent payments. Now it is announcing the completion of its $2.6

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

TechCrunch

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. It claims that it is doing more than 100 real estate transactions per month and is currently originating over 50% of the mortgage loans for its customers. .

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OptioLend launches new marketplace to become ‘the LendingTree of commercial real estate’

TechCrunch

The commercial real estate industry is facing its share of challenges, considering the fact that so many people are working from home (and not in offices) and retail is riding a slippery slope as more people shop online. In other words, the company’s self-proclaimed mission is to become the “LendingTree for commercial real estate.” (For