Egypt's Nawy, the largest proptech in Africa, raises $52M to take on MENA

For decades, buying property in Egypt meant navigating a fragmented real estate market, relying on personal networks, dealing with commission-driven brokers, and facing developers more focused on selling than serving customer needs. In 2019, Mostafa El Beltagy co-founded Nawy to bring transparency

Rocket Companies to acquire Redfin for $1.75B

Redfin is being acquired in an all-stock transaction that values the real estate listing platform at $1.75 billion. The acquiring company is Rocket Companies, a Detroit, Michigan-based finance and real estate holding firm that owns various brands, including Rocket Mortgage, Rocket Money (formerly

Real estate firms pivot to energy development amid booming data center demand

Brendan Wallace has a lot on his mind lately. Wallace is the co-founder of Fifth Wall Ventures, a 9-year-old proptech venture firm with $3.2 billion in assets under management. He's also a homeowner in L.A., which continues to battle raging wildfires. While his place remains intact, many of his

CBRE buys remainder of co-working company Industrious at an $800M valuation

Real estate giant CBRE announced Tuesday that it is acquiring the rest of co-working startup Industrious, in which it already had a sizable investment, at a valuation of over $800 million. Founded in 2013, New York-based Industrious raised a total of $522 million in funding from investors, in

Beams secures $9M Series A to digitize UK home renovation market

Home renovation projects can be unpredictable for both customers and builders. Meanwhile, small contractors barely use modern software and home renovation giants, like IKEA, tend to trundle on with dated legacy software. U.K. startup Beams thinks it can solve this conundrum and has now raised a $9