Author: JLL Spark

By leveraging proptech to meet the challenges of COVID-19, commercial real estate hopes to ready itself for the future.

Used in more than 50,000 properties worldwide, Re-Leased is a cloud-based platform that allows real estate companies to manage lease events, arrears, document storage, building maintenance, reporting and other processes.

The startup just raised $8.5 million to prepare more companies for an office return.

Laurent Grill spoke with us at our 2022 Venture West Conference in Palo Alto, California about how JLL Spark is creating an expansive ecosystem of ventures in the built world, closely reflecting themes of our 2022 Buildings Conference.

Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from March 2022. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis.

Less than a year after a $30 million Series A, commercial real estate finance platform Lev is in advanced discussions to raise more than twice that for its next round, The Real Deal has learned.

The company plans to have a minimum viable product ready in May with a view to trading by the end of the year in line with the business plan stated when it raised £42m last year. The fundraise was led by US-based Updata Partners, followed by Flashpoint Secondary Fund, with additional capital from existing investors JLL Spark and Pi Labs

Roofstock, a platform for investing in the single-family rental rental market, announced yesterday a Series E raise of $240 million, raising its valuation to $1.94 billion. 

OpenSpace, a startup that develops technology for the construction industry, raised $102 million in a new funding round that the company said gives it a valuation of $902 million.

2021 was the year of the great bounce back in real estate tech as VCs set a new record for capital invested in proptech. So, what’s next?