PropTech in the Era of COVID-19
As we move towards re-opening across the globe, COVID-19 has made it almost indispensable for real estate owners to incorporate PropTech solutions into the day to day of operating and managing their buildings.
That’s why AnySizeDeals Week – The Festival of Real Estate Innovation, is the ideal opportunity for real estate executives to meet the most transformative companies in the PropTech space to help them meet their needs.
In addition the ASDCup, Startup PropTech Competition is a great way to discover the next wave of new PropTech firms before anyone else and get an edge on the competition.
Between, the content, panel discussions, networking opportunities, innovative companies and startup competition, AnySizeDeals Week is one stop shopping for real estate executives.
For the next 2 weeks we are encouraging real estate executives to sign up for our ASDMatch program which focuses on setting up meetings between real estate executives and PropTech firms.
All real estate executives who sign up for ASDMatch will be given complimentary tickets for the 4 days of AnySizeDeals Week, which includes an all-access pass to all the events, networking opportunities and much more.
It doesn’t get much better than this. If you are a real estate executive interested in ASDMatch sign up today!.
This Week in Real Estate Innovation
THE FUTURE OF WORK & WORKPLACE
Microsoft is Replacing its Employees With AI Software | Novinite
Dozens of journalists have been sacked after Microsoft decided to replace them with artificial intelligence software.
Staff who maintain the news homepages on Microsoft’s MSN website and its Edge browser – used by millions of Britons every day – have been told that they will be no longer be required because robots can now do their jobs.
Around 27 individuals employed by PA Media – formerly the Press Association – were told on Thursday that they would lose their jobs in a month’s time after Microsoft decided to stop employing humans to select, edit and curate news articles on its homepages…
ARTIFICIAL INTELLIGENCE & ROBOTICS
Planck raises $16 million to underwrite commercial insurance risk | Venture Beat
AI commercial insurance platform Planck today announced it raised $16 million in equity financing, a portion of which came from Nationwide Insurance’s $100 million venture investment fund. CEO Elan Tsur says the proceeds will be used to finance expansion into geographies including Germany (in 2021) as the company works with U.S.-based commercial carriers including Chubb, Great American Insurance Group’s Republic Indemnity, and AIG’s Attune and others…
Amazon bans police use of facial recognition technology for one year | CNBC
Amazon said on Wednesday that it’s banning use of its facial recognition software by police for one year, as pressure on tech companies builds to respond to the killing of George Floyd by a police officer in Minneapolis.
“We’ve advocated that governments should put in place stronger regulations to govern the ethical use of facial recognition technology, and in recent days, Congress appears ready to take on this challenge,” Amazon said in a statement. “We hope this one-year moratorium might give Congress enough time to implement appropriate rules, and we stand ready to help if requested.”
STATE OF THE MARKET
China’s Tencent Plays Master Builder as Tech Firm Plans ‘Net City’ | WSJ
A number of big U.S. tech companies are moonlighting as part-time real-estate developers. China’s Tencent Holdings Ltd. is trying its hand at urban planning.
In Shenzhen, the company wants to build a real-estate development on land the size of Midtown Manhattan. The 21-million-square-foot development will include corporate offices, a school, apartments, sports facilities, parks and retail space, according to the project’s architect, NBBJ…
Pandemic Threatens to Upend a Thriving Real Estate Model | NY TIMES
Safety concerns have forced developers to rethink mixed-use projects combining retail, residences and offices, which have helped define the live-work-play ethos that many younger professionals seek.
“Is water wet?” Will Gilson is blunt when asked whether it’s particularly challenging to open three restaurants in the middle of a pandemic.
But the restaurateur is also optimistic because they are slated to open this fall in Cambridge Crossing, a 4.5 million-square-foot mixed-use development near Boston. He sees the complex’s density and location as boons for his business, come what may.
Starbucks to close 400 stores, speed expansion of Pickup locations, curbside and more | TechCrunch
Starbucks announced today it will expedite the rollout of its new “Pickup” store concept, powered by mobile ordering, in response to the coronavirus pandemic. It will also expand access to curbside pickup, drive-thru and walk-up counters in less dense, suburban markets, the company said. These changes aren’t going to arrive as new additions to Starbucks’ existing store lineup, however. Instead, the company said it will close up to 400 company-owned stores in the U.S. and Canada over the next 18 months, as it rolls out the new format stores and makes other changes…
Dexus, CBRE back fresh PropTech funding wave | Financial Review
The COVID-19 pandemic is driving a fresh wave of proptech funding from large institutional investors as landlords seek new ways to bring tenants safely back into office, retail and industrial buildings.
Among those raising capital, proptech investment firm Taronga Group is well on its way to securing its target of $100 million in fresh capital for its RealTech Ventures fund after securing investment from ASX-listed office giant Dexus, global real estate firm CBRE and Frankfurt-listed real estate investment manager Patrizia AG.
The minimum investment in the fund is $10 million…
Vietnamese proptech startup Propzy banks $25m from SoftBank, others | TECHINASIA
Propzy, a Vietnamese online real estate platform, said it has raised US$25 million in a series A round led by Gaw Capital Partners and SoftBank Ventures Asia.
Next Billion Ventures, RHL Ventures, Breeze, FEBE Ventures, RSquare, and Insignia Ventures Partners also participated in the round, according to a statement.
Propzy is an end-to-end platform that aims to provide safe real estate buying, selling, and renting experiences. It operates a marketplace where users can view properties that have been vetted and verified by its staff…
Kitchen Software Startup Drop Raises $13.3 Million To Help it Build The ‘Kitchen Operating System’| The Spoon
Today Drop, the San Francisco and Dublin based smart kitchen platform startup, announced that it had raised $13.3 million in Series A funding co-led by Alpha Edison and Morpheus Ventures.
The funding brings the company’s total funding to just over $20 million.
As with the company’s last funding round, Drop indicated they plan to use the funding to continue building out its core platform, but this time with a heavy focus developing the consumer experience…