#RealEstate-10RealEstateStartupsToWatchIn2018

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Real Estate - 10 Real Estate Startups To Watch In 2018

Real Estate - 10 Real Estate Startups To Watch In 2018

Real Estate - 10 Real Estate Startups To Watch In 2018

By Omri Barzilay Real Estate - The last decade has witnessed an exponential growth in real estate tech startups. Globally, the number of startups rose from 176 in 2008 to 1,274 by 2017. In the same period, cumulative investments in these startups soared from $2.4 billion to $33.7 billion. 2017 was a monumental year for real estate tech with some incredible financing rounds, IPOs, exits and ICOs. Softbank Vision Fund has shown great confidence in the sector, deploying $4.4 billion to the coworking behemoth WeWork, $450 million to tech enabled brokerage Compass and $120 million to home insurance company Lemonade. Fifth Wall Ventures raised $212 million for its first fund, the biggest dedicated real estate technology fund to date. Redfin’s IPO was one of the most successful IPOs of this year, soaring 45% in its first day. Multifamily listing company ForRent was acquired for $385 million, while other late stage startups like Cadre, Honest Buildings, Convene and Common, raised tens of millions of dollars in late stage financing rounds. Who is going to shine this year? I gathered 10 different early stage companies that managed to raise up to $10 million to date. Based on the quality of the teams, investors, current traction and the market opportunity, here are the 10 most promising prospects for 2018: Rentalutions Rentalutions is building a community of responsible DIY landlords and trustworthy tenants by providing them with education, end-to-end tools, and customer service to support them in their renting experience. 55,000 DIY landlords with fewer than ten properties use the platform to manage single-family homes, condo units, and small multifamily buildings in 14,000 zip codes across the United States. Cultivation Capital led a $2 million round of funding for the company in May 2017, and the company has more than doubled since then. Rentalutions’ top priorities in 2018 are creating more high quality educational content and adding additional functionality that helps DIY landlords and tenants. Dealpath Dealpath is the leading deal management platform for commercial real estate investment teams. Using Dealpath’s powerful platform, development and acquisition teams are able to improve efficiency by reducing time spent on repetitive, tedious tasks, and providing a high-level strategic view of their deal pipeline. The platform delivers the streamlined efficiency and the deal view necessary for high-performing investment teams. Dealpath had a series A round in 2016 and currently boasts more than $100 billion in evaluated commercial real estate transactions and more than 1.1 million tasks created on the platform. Having recently completed a major office move, Dealpath plans to continue its rapid growth with platform improvements, more integrations, and enterprise-level support. Rentberry Rentberry is an all-encompassing long-term rental platform that manages every step of the rental process, from hosting open houses to paying rent. It empowers tenants by increasing the transparency in the rental application process and offering them ability to save more than $500 billion frozen in rental security deposits. The company has raised a total of $4 million from high-profile investors from eleven different countries to date. On December 5, 2017, the company launched its first ICO through which the company plans to raise $30 million. As of today, the company operates in more than 5,000 cities in the U.S. and plans to expand to Canada, Australia, New Zealand and the U.K. In 2017, it processed more than 250,000 properties through the platform. WeSmartPark If Airbnb turns your home into a hotel, WeSmartPark turns your empty garage spot into a smart space. The company created a new parking infrastructure, providing attractive rates for drivers, while doubling the income for parking space owners. WeSmartPark operate in three cities around the world, Barcelona, Madrid and Santiago de Chile, operating more than 160 parking locations and 3,000 spots, serving more than 75,000 drivers. This year the company plans to continue and grow in South America and launch in major cities as Buenos Aires, Bogotá, Lima, México DF, Sâo Paulo and Panama. Workframe Workframe is the collaboration platform for the built environment. The platform drive efficient space-centric communication and decision-making across project teams on a single platform. The company closed its Series A financing led by Venrock in June 2017. Workframe works with a wide range of forward-thinking clients that span all industries and sizes – from tech startups to financial services firms and Fortune 500 companies. In 2018, Workframe aims at becoming the dominant communication and decision-making platform for the real estate industry by expanding its geographic footprint through select investments in new markets. It plans to form strategic partnerships with companies that offer complimentary CRE solutions while cementing a leadership position in areas that extend beyond space planning, such as facilities and space management. Flip Flip is a housing platform legally facilitating subletting an apartment for a long-term stay, giving renters greater flexibility and landlords greater security. Average Flip leases typically come in at about six months, but the agreements can range anywhere from one month to a full year. Flip handles credit checks, assures that a would-be tenant can afford the lease they’re looking to take over, and guarantees rent payments for eligible subtenants. Flip closed a $2.2 million seed round led by Union Square Ventures in May and processes thousands of dollars in active rentals each month. The company currently operates in New York City, San Francisco and Los Angeles with plans of launching in new markets in 2018. Reali Reali takes the hassle out of buying and selling real estate, promising buyers a full cash back refund of the standard buyer’s commission. Reali only takes a flat fee per transaction. Seller’s commissions are also replaced with a flat fee. Reali is able to make it happen thanks to its focus on technology innovations such as open house on demand, self-guided tours and IdeaStaging so potential buyers can tour homes without an agent needing to be present. Reali raised a $9 million Series A. The company plans to to boost its marketing and engineering efforts and expand to new metropolitan markets (currently in the Bay Area and the Sacramento Area). Reali growth rates are at more than fifty percent quarter over quarter this year. Bowery Powered by big data, advanced technology, and extensive expertise, Bowery is reinventing the entire commercial appraisal space. In a graying industry, in which 62% of appraisers are over the age of 50, Bowery is the first company to modernize the process, taking appraising out of dated excel sheets and into a powerful cloud based platform. By eliminating the pervasive administrative work, Bowery’s proprietary software allows its appraisers to produce more consistent reports, faster and at lower cost, than anyone in the industry. Bowery closed its $1.75 million seed round in May and has been accelerating growth, both from a team and customer standpoint, since its launch in June. In September, Bowery signed an industry-shaking partnership with Cushman & Wakefield. In 2018, it will begin to look for new markets for geographic expansion. Rented.com Rented.com brings certainty to the often uncertain short-term rental market – consistent income, professional management and guaranteed use. With more than 1,000 of the best short-term rental managers in the world within its network, Rented.com and its new $125 million Rented Capital fund provides guaranteed rental property income and turnkey management service to homeowners, and a competitive advantage to professional managers. Founded in 2012 and now covering six continents, Rented.com is based in Atlanta and has already won numerous innovation awards. ChromeAway Founded in 2014, ChromaWay has pioneered a new private blockchain paradigm with the consortium database Postchain and a complementary smart contract middleware called Esplix. These platforms have found traction in mortgage origination, servicing, and closing processes, digital title management, and complex contractual workflows. High profile pilot projects with the Swedish land registry and the government of Andhra Pradesh led to partnership agreements with in India, Intelleqt and Evry in Sweden and Taiwan, and several others, to build and market solutions built with ChromaWay technology. ChromaWay has recently closed a seed round having raised over $ 1 million, and is growing rapidly with offices in Tel Aviv, Sweden and Washington D.C. Its goal for 2018 is to continue to refine Postchain/Esplix to offer the most stable and secure platform for innovation, collaboration and growth in real estate and beyond. Read more https://global.goreds.today/real-estate-crowdfunding-finding-way-real-estate/   Read the full article