proptech

Former Cisco executive Shaun Cooley's two-year-old Los Angeles startup is creating a platform to make buildings smarter.

Mapped, which just raised $6.5 million led by Allegion Ventures and MetaProp, helps commercial real estate companies operate their buildings remotely.

Read more Show less

Armed with nearly $3 million, a list of prominent investors and tens of thousands of users, the apartment rental platform PocketList looked like a startup poised to take off.

CEO and co-founder Nick Dazé touted the proptech software that let potential renters get an inside peek at apartments before being listed as technology that "turned the entire rental market on its head." He sold it as a way for landlords to save billions of dollars by cutting down turnover time between tenants and assured renters access to honest, up-to-date information about units before they went online.

Read more Show less

The venture capitalist Aileen Lee coined the term "unicorn" in 2013 as a catchy way to denote startups reaching the milestone of a billion-dollar valuation. It was meant to describe something unusual; at the time there were just 39 unicorns.

In today's red hot startup market, unicorns are far less rarified, currently numbering more than 600 worldwide, according to CB Insights.

Pacaso, a platform facilitating fractional ownership in second homes, announced Wednesday it too will join the unicorn club. That makes it one of the fastest companies ever to reach a $1 billion valuation, according to Pitchbook data.

Read more Show less

Trending