Total amount raised
$1.7 Billion
Latest funding date
09/01/2022
Location
Title
VTS has successfully raised significant funding over multiple rounds, establishing itself as a key player in the commercial real estate technology sector. The platform offers a suite of solutions designed to unify owners, operators, brokers, and tenants, enhancing collaboration and efficiency.
Keep reading to delve into the details of VTS's fundraising journey and discover the investors who are supporting this innovative platform.
What Is VTS?
Founded in 2012, VTS is a leading provider of technology solutions for the commercial real estate industry. The company is headquartered in New York City and aims to unify owners, operators, brokers, and tenants to maximize property potential.
VTS was co-founded by Nick Romito and Ryan Masiello, who envisioned a platform that could streamline leasing and asset management processes. Today, VTS offers a suite of products designed to enhance various aspects of commercial real estate management.
With a growing team, VTS continues to innovate and expand its offerings, serving a diverse range of clients in the commercial real estate sector. For more information, visit their official website or their profile on wellfound.com.
How Much Funding Has VTS Raised?
- Series A Round
- Amount Raised: $3.3 million
- Date: January 14, 2015
- Lead Investors: Blackstone Group LP’s real estate group
- Valuation at Round: Close to $35 million
- Motivation Behind the Round: To leverage technology for landlords and brokers to track data such as tenants, rents, leases, and deals in the pipeline.
- Series B Round
- Amount Raised: $21 million
- Date: July 15, 2015
- Lead Investors: OpenView Venture Partners
- Valuation at Round: Around $100 million
- Motivation Behind the Round: To boost growth in the U.S. and expand internationally, with plans to open offices in Sydney and London by the end of the year.
- Series C Round
- Amount Raised: $55 million
- Date: May 4, 2016
- Lead Investors: Insight Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel global expansion into EMEA and APAC markets and to work on product innovation to become the industry standard platform for commercial real estate management.
- Series E Round
- Amount Raised: Over $125 million
- Date: September 6, 2022
- Lead Investors: CBRE Group, Inc.
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product innovations, pursue strategic acquisitions, and expand the team across the U.S., U.K., and Canada.
VTS has raised a total of $204.3 million with a current valuation of not publicly disclosed.
Key Investors
- CBRE Group, Inc.
- Details: CBRE Group, Inc. is a global real estate services firm listed on the New York Stock Exchange. They offer a wide range of services including property management, investment management, and valuation.
- Investment Focus Areas: Real estate services, investments, property management.
- Notable Investments: Industrious, Floored, Streetsense.
- BentallGreenOak
- Details: BentallGreenOak is a global real estate investment management advisor. They manage a diverse portfolio of real estate assets across various regions.
- Investment Focus Areas: Real estate investment management, commercial properties, sustainable investments.
- Notable Investments: Not publicly disclosed.
- AmTrust
- Details: AmTrust is a multinational property and casualty insurer. They provide a wide range of insurance products and services to businesses and individuals.
- Investment Focus Areas: Property insurance, casualty insurance, specialty risk.
- Notable Investments: Not publicly disclosed.
- Brookfield Ventures
- Details: Brookfield Ventures is the venture capital arm of Brookfield Asset Management. They focus on investing in technology and innovation within real estate and infrastructure sectors.
- Investment Focus Areas: Technology, real estate, infrastructure.
- Notable Investments: Not publicly disclosed.
- Insight Venture Partners
- Details: Insight Venture Partners is a private equity and venture capital firm focused on growth-stage technology and software companies. They have a strong track record of investing in high-growth businesses.
- Investment Focus Areas: Technology, software, internet businesses.
- Notable Investments: Twitter, Shopify, DocuSign.
What's Next for VTS?
VTS stands poised to capitalize on a vast array of opportunities, driven by its innovative platform that is already utilized by 19 of the 20 largest global asset managers. With the commercial real estate industry increasingly relying on technology for strategic decision-making, VTS is well-positioned to expand its footprint across the U.S., U.K., and Canada. The company’s recent $125 million Series E funding will fuel product innovations and strategic acquisitions, further solidifying its market position.
Future fundraising opportunities seem promising, given the involvement of major investors like CBRE Group and Insight Venture Partners. However, VTS will need to navigate challenges such as integrating acquisitions and maintaining rapid growth. The competitive landscape of real estate technology also demands continuous innovation to stay ahead. As VTS scales internationally, it must ensure its platform meets the diverse needs of a global market, overcoming traditional resistance to new technology in the commercial real estate sector.
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