Losses dominate but revenue rises in WeWork’s Q3 results

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From JLL Spark in the US to PwC in Germany, major global investors have recently backed VC fund PropTech 1 Ventures. PlaceTech spoke to managing partner Nikolas Samios to find out why.

The deposit guarantee platform, which tenants can use to replace upfront deposit payments for real estate, has raised £42m to fuel an expansion across every commercial real estate sector.

Driven by strong growth in its US business, essensys has reported full year results that CEO Mark Furness said demonstrates the “resilience” of its business model.

A recent £42m fundraise for development platform LandTech marks the next step in building an “ecosystem” of products for developers, the company’s co-founder has said.

Responding to the sector’s notoriously slow payments, construction management software provider Procore has agreed to acquire Levelset for $500m.

Last year was monumental for sustainable finance with companies issuing $700bn of green, social and sustainable bonds. But will a surge in green lending really make property more sustainable?

Rebounding after a pandemic-led slump, funding for property technology hit a record high $9.7bn in H1 2021.

The AIM-listed flexible office software provider reported a 19.5% rise in US revenue in the year to July 2021.