May 8, 2019
Leasing and asset management platform VTS has completed a $90-million Series D funding round, led by Brookfield Ventures, the technology arm of Brookfield Asset Management. It’s believed to be the largest venture financing in the history of commercial real estate software.
Other new investors include GLP and Tishman Speyer, both VTS customers, along with previous investor Fifth Wall. VTS had already raised more than $100 million.
“There’s no truer validation as a founder when your customers invest in your product,” said VTS co-founder and CEO Nick Romito (pictured). “We’re thrilled to welcome Brookfield Ventures and GLP as our partners, alongside return investor Fifth Wall, as we enter the next phase of growth.”
Co-founder Ryan Masiello said the funding round “signifies the clear shift that’s taking place in commercial real estate. Never before have we seen the world’s leading owners playing such a key role in driving transformation in our industry.”
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