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Deals | Techspace, IMMO, Reonomy

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Chloé Vaughan

London-based flexible workspace provider Techspace has announced a €5.8m investment from the Noé Group.

Techspace offers co-working for scaling technology businesses, and has four sites in London and one in Berlin.

The firm plans to use the investment to fund further growth in Europe over the next 18 months.


IMMO Technology Team

The IMMO team

IMMO Investment Technologies, a UK and Germany-based company, has closed its funding round at a total of €72m. This included €11.5m in equity from investors Talis Capital, HV Holtzbrinck Ventures, Tom Stafford and Rahul Mehta from DST Global and Mato Peric.

The remaining funds came from its real estate investment platform.

IMMO targets the long-term rental markets, and purchases single sites to scale. The company then combines data analytics, which draw on property data and other cost factors including location of schools, crime statistics, and the like, to offer a price to the seller.

Since its market launch in September 2018, the company has sourced over €35m of properties and assessed over 6,000 properties at a total value of €2.2bn.

The company plans to use these funds to continue its growth across the UK and Germany.


Reonomy CEO Rich Sarkis

Reonomy CEO Rich Sarkis

Property analysis company Reonomy has raised $60m in its Series D funding led by Georgian Partners.

Participation in this round also came from Wells Fargo Strategic Capital, Citi Ventures, and Untitled Investments. This round brings the total raised by the company to $128m.

Reonomy’s AI-based platform connects property information, including predictive analytics, portfolio analysis and market insights to enable users to make more informed decisions.

The company plans to use the funding to expand into the Canadian and UK markets.


Squarefoot

SquareFoot, a real-estate broker for SMEs office space, has raised $16m in its Series B.

This round was led by DRW VC, along with existing investors Triangle Peak Partners, RRE, and Rosecliff Venture. It follows the company’s $7m Series A last year and brings the company’s total funding to $29m.

The company has recently grown its offer to include PivotDesk and FLEX which allow landlords to let unused office space on short-term leases.


YourOwnROOM

YourOwnROOM, a startup that connects tenants to landlords, has raised $1.3m in seed funding from US investor Lotus Capital.

The Bangalore-based company plans to use this funding to scale its assets up to $25,000 and offer ‘Executive Housing’ as a premium option.


HomeLight

 

Homelight, a San Francisco-based software developer that provides services for home buyers, sellers, and real estate agents, has raised $109m led by Zeev Ventures.

Participation also came from Group 11, Crosslink Capital and Stereo Capital.

The AI-based platform collates data to connect people to their best match in the real estate chain, be it an agent or a person trying to sell a home.


Snapdocs Team

Snapdocs team

Snapdocs, a real estate technology platform which aims to make the homebuying process more efficient, has raised $25m in its Series B funding led by F-Prime Capital.

The platform helps people to close deals faster than the traditional six weeks, and at a cheaper rate, by opening up the process and connecting people in the housing chain. It is believed that Snapdocs completes 10% of the USA’s residential mortgage transactions which represents a value of $150bn.

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