)
Jones' Blue Star Innovation Partners has made a rare investment in the proptech sector.
)
The proptech sector had experienced huge growth in past years, but funding drying up in 2023 has led startups to shut down and lay off staff.
)
A credit card that can be used to pay rent attracted young customers to Wells Fargo, but the bank's forecasts of how those cardholders would spend were off.
)
The Verified Renter Network uses Clear's security technology to identify renters who pass background checks and pose minimal fraud risk to owners and operators.
)
After the most turbulent year in proptech funding yet, the sector has yet to recover, with funding dropping nearly 15% in the first half.
)
In a letter to the company's board, Jonathan Litt cited missed growth targets and excessive turnover as reasons to sell.
)
Proptech funding has been falling since 2022, but things might be turning around for the sector.
)
Property management services like DoorLoop are poised to gain the most investment activity as Q4 continues, based on last quarter's data.
)
The company plans to use the funds to focus on product development, hiring and expanding its healthcare services.
)
New York-based Jones says it will use the funds to roll out artificial intelligence agents to help address rising insurance costs.
We're not asking for your money. This is not a step towards a paywall. Our news is free and we intend to keep it that way.