Real estate debt marketplace PeerStreet files for bankruptcy

The company intends to sell “substantially all of its assets,” including its technology platform to pay creditors that include thousands of retail investors. Continue reading

Picket’s $20M Series B a sign of proptech growth in SFR

With a focus on the single-family rental (SFR) category, Picket calls itself a provider of integrated technology and services for residential real estate investing, management and resident experience. Continue reading

Offerpad executes 1-for-15 reverse stock split to head off delisting

The pioneering iBuyer hopes to bring its share price back above the New York Stock Exchange’s $1 minimum threshold. Continue reading

Credit-building app for renters, Boom, reports $4.5M seed round

“We invested heavily into building our end-to-end software solution for rent reporting and consumer app layer and now we’re focused on revolutionizing the entire renter experience,” said Boom CEO and co-founder Rob Whiting. Continue reading

Co-founder of UK’s LendInvest launches new US venture

Christian Faes’ Los Angeles-based Faes & Co. will back tech-enabled direct lenders that cater to U.S. residential real estate investors including F2 Finance. Continue reading

‘Innovative’ digital-ad builder Adwerx lands $3M in funding

The company set the standard for easy digital advertising campaigns for real estate agents and brokerages, using retargeting and fast onboarding to place agents across the internet. Continue reading

Avenue One nets $100M in sign of SFR-market evolution

Single family rentals, collectively, is now officially an asset class of real estate investment, and the $100 million funding of Avenue One, a technology company born to support it, is another example of the category’s evolving presence on Wall Street. Continue reading

Fathom Realty parent company borrows $3.5M from existing investor

Fathom Holdings will pay at least 8 percent interest on a convertible note company executives say will provide more flexibility as they seek “cash flow profitability” by Q3. Continue reading

Fifth Wall leads $9M Series B for Vero’s ‘new generation of leasing’

Vero, a RentTech company offering a platform for landlords and tenants, closed on a series B round of funding worth $9 million led by Fifth Wall, according to an announcement shared exclusively with Inman. Continue reading

Proptech has reached an inflection point. So, like, what happens now?

Disruptive sales models, lead aggregators and search products have transformed proptech into a true marketplace while freeing venture capitalists up to become more than mere power brokers. Continue reading