VTS, a New York-based provider of a real estate technology platform to improve strategic decision processes across the asset lifecycle, raised over $125M in Series E funding.
The round was led by CBRE Group, Inc. (NYSE:CBRE), which is providing $100m and will join VTS’ Board of Directors. Other investors included BentallGreenOak, AmTrust, Brookfield Ventures, and Insight Venture Partners, among others.
The company intends to use the funds to accelerate product innovations, continue to source strategic acquisitions, and hire talent – with team expansion across the U.S., U.K., and Canada.
Led by CEO Nick Romito, and Chief Strategy Officer Ryan Masiello, VTS provides a commercial real estate industry technology platform to improve how strategic decisions are made and executed across the asset lifecycle. With the platform, consisting of VTS Lease, VTS Rise, VTS Data, and VTS Market, every business stakeholder in commercial real estate access to the real-time market information and executional capabilities to do their job with speed and intelligence.
The VTS Platform is now used by 19 of the 20 largest global asset managers, and over 300,000 tenant companies are managed throughout the platform. Today, more than 87,000 office, retail, industrial, and multi-family properties are managed on VTS across 40+ countries.
FinSMEs
06/09/2022