VTS, a NYC-based commercial real estate (CRE) industry’s leasing and asset management platform, raised $90m in Series D funding.
The round was led by Brookfield Ventures, the technology investment arm of Brookfield Asset Management, with participation from GLP and Tishman Speyer, as well as previous investor Fifth Wall, among others. In conjunction with the funding, Josh Raffaelli, Managing Director, Brookfield Ventures, will also be joining VTS’ Board of Directors.
The company intends to use the proceeds to deepen its investment in its platform for leasing and asset management domestically and internationally, as well as accelerate the launch of its end-to-end commercial real estate leasing marketplace – truva – which will be live later this year.
Led by Nick Romito, Co-Founder, and CEO, and Ryan Masiello, co-Founder and Chief Strategy Officer, VTS provides a commercial real estate industry’s leasing and asset management platform, which is used by landlords to maximize portfolio performance and brokers to manage their deal pipeline and get tenants into empty spaces faster, collaborate across teams and work with their landlord clients using VTS for Brokers.
The platform manages more than 10 billion square feet of commercial real estate, has a user base exceeding 35,000 and boasts a client roster that includes global leaders such as Blackstone, Brookfield, GLP, LaSalle Investment Management, Hines, Boston Properties, Oxford Properties, JLL, and CBRE.