Deals
CBRE invests another $100M in flex office space provider
Connected Real Estate - May 31
CBRE’s confidence in the co-working concept has not wavered, as the real estate firm recently announced it invested $100 million in flexible workspace solution provider Industrious. The investment will allow Industrious to expand its international presence and execute key strategic growth initiatives.
ALICE Technologies raises $30M in Series B funding
Engineering News-Record – June 16
AI-based scheduling and project management tech firm ALICE Technologies announced in mid-June that it raised $30 million in a Series B funding round. The company specializes in an AI-driven analysis of preconstruction data to generate a full construction sequencing plan.
Energy data software firm Cleartrace raises $20M to accelerate growth
PV-Tech – July 1
Energy management software company Cleartrace has secured $20 million in a financing round to accelerate the growth of its platform. The software platform traces and manages by the hour building energy data and carbon intensity, enabling clients to record their decarbonization progress.
Doorvest credit line to fuel rental investment platform
PlaceTech – June 29
Doorvest last week announced a $50 million asset-backed credit facility with Pollen Street Capital, a private capital asset manager with $3 billion assets under management. Launched in 2020 and based in San Francisco, Doorvest’s mission is to reduce barriers for average Americans to generate passive income by owning rental properties.
Stake aims to expand its cash-back rewards program for renters
TechCrunch – June 30
Aiming to compete with Bilt in the nascent property renter rewards market, Stake, a startup that provides cash back and banking services to renters, last week announced that it raised $12 million in a Series A round led by RET Ventures’ new ESG Fund. Stake uses a “behavioral science” algorithm to suggest to property owners how much in cash back they should reward renters who pay rent on time or sign a lease renewal early.
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