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Compass files S-1, reveals $3.7B in revenue on net loss of $270M

TechCrunch

Compass , the real-estate brokerage startup backed by roughly $1.6 The company’s last fundraise was in July 2019, when Compass — a company that has built a three-sided marketplace for the real estate industry, along with a wide set of algorithms to help make it work — raised a $370 million round of funding. 31, 2020.

.Net 260
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JLL reinvents itself for the AI era

CIO

City skyscrapers and office parks may remain scarcely occupied in the post-pandemic work era, but commercial real estate player JLL’s business is not slowing down, thanks to the company’s embrace of technology and high-growth opportunities to adapt and prosper. You don’t have to clean it up.

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Knock is the latest proptech said to be eyeing the public markets

TechCrunch

“We pioneered the real estate transaction revolution over five years ago and our priority is to build a war chest to dramatically widen the already cavernous gap between us and any unoriginal knock-offs.” We’re able to lend some money before an owner’s [old] house is even listed on the market.” . billion in 2014.

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IT Vortex: The Effort to Achieve Net Zero Carbon Emissions is Far More Than a Business Goal

CIO

But that depends on our ability and commitment to take care of it properly.” — Lou Corriero, Vice President of Cloud Technologies at IT Vortex. Lou Corriero, Vice President of Cloud Technologies at IT Vortex, notes that the organization frees its customers to focus on their businesses, not the IT required to run them.

.Net 240
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ARR per employee is the north star efficiency metric you’ve been looking for

TechCrunch

He focuses on early- and growth-stage companies across technology sectors. In the first installment of our Cloud Quarterly report series, we spoke about how the market has shifted to valuing cloud companies’ profitability, even when it comes at the expense of growth ( this thread on Twitter goes in-depth into that data ).

Metrics 246
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Singapore wealth management platform Endowus raises $35M

TechCrunch

Participants also include “four of Asia’s wealthiest families,” the startup said in its press release, whose operating businesses encompass banking and real estate across Southeast Asia and China. We may see some players exit the market, and smaller players closing down.”

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YC-backed Homebase is an alternative to traditional mortgages for home buyers in Vietnam

TechCrunch

Co-founders Junyuan Tan and Phillip An originally started Homebase in Singapore, but decided to focus on Vietnam because Tan had lived there while working on his previous startups, RePrice Technologies and Atlantis Lab. Tan wanted to buy a home, but found bank mortgages charged high interest rates even on short-term loans.