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        Qbiq, an AI-powered 3D virtual tour and property viewing platform, has raised USD 10 million in seed funding from investors including JLL Spark Global Ventures, 10D, Ocean Azul, Randomforest, and M-FUND.
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        The company plans to use the capital proceeds to support its business growth plans and expand its presence across the US.
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        Founded in 2018, Qbiq is an AI-powered visualization and viewing platform that creates customized layout alternatives and 3D virtual tours for real estate spaces. Currently, the platform has over 150 million square feet of spaces under management.
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    <a href="https://www.prnewswire.com/news-releases/qbiq-secures-10m-in-seed-funding-to-accelerate-real-estate-deals-with-generative-ai-space-planning-and-visualization-platform-301932823.html">
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Residential PropTech

Qbiq, a 3D virtual tour and property viewing platform, has secured $10 million in seed funding from investors, such as JLL Spark Global Ventures and 10D. The company intends to use the funds to support its growth and expand its presence in the US. Qbiq, founded in 2018, uses AI technology to create customized layout alternatives and 3D virtual tours for real estate spaces. The platform currently manages over 150 million square feet of spaces.

Qbiq raises USD 10 million in seed funding

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Rental management platform RentSpree has teamed up with NorthStarMLS to expand its reach in Minnesota and Western Wisconsin. This partnership will integrate RentSpree's platform with the multiple listing service provider, allowing property agents and brokers to generate more leads, decrease transaction time, and enhance potential rental returns. NorthStarMLS, established in 1987, offers property agents and brokers access to information about property listings in Minnesota and Western Wisconsin.

RentSpree partners with NorthStarMLS to generate leads in Minnesota and Western Wisconsin

Flyhomes, a property marketplace platform, is set to acquire certain assets from Home Sale Assured, a buy-before-you-sell platform for properties. Home Sale Assured enables users to move into a new home and take up to 90 days to sell their previous property. The details of the deal have not been disclosed. By acquiring Home Sale Assured, Flyhomes aims to enhance its platform by utilizing the guaranteed backup contract offered by Home Sale Assured and by bringing on board the founder, Eric Meadow, who will contribute his expertise in the mortgage industry and his network of relationships.

Flyhomes signs definitive agreement to acquire Home Sale Assured for undisclosed sum

Rental management platform, Poplar Homes, has acquired property management company BBW Homes LLC and real estate brokerage company Best Management Team LLC for an undisclosed amount. This acquisition will allow Poplar Homes to expand geographically by utilizing the single-family rental property portfolios of the two acquired companies. Poplar Homes will be adding 735 homes in St. Louis from BBW Homes' portfolio and 175 homes in Las Vegas from Best Management's portfolio to its platform's properties under management in these two markets.

Poplar Homes acquires BBW Homes LLC and Best Management Team LLC for undisclosed sum

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Vero, a rental property management platform, has formed a partnership with RealPage, another property management platform. The purpose of this alliance is to integrate Vero's platform with RealPage and other top property management platforms. The aim of the partnership is to simplify the leasing processes, automate tasks, reduce bad debt, and improve transparency in order to expand the reach of Vero's platform.

Vero partners with RealPage to expand product reach

Rent Butter, a tenant screening platform, has secured $3 million in seed funding led by RET Ventures. The funds will be used to expand its product offering and customer base to include traditional multi-family and single-family rental properties. Rent Butter currently serves more than 100,000 residential properties and was founded in 2021. The platform allows landlords and property managers to screen tenants using various criteria such as credit scores, income and employment history, criminal and eviction records, and alternative metrics. It generates reports on financial and credit behavior.

Rent Butter raises USD 3 million in seed funding

Plunk partners with Xome to offer AI-Powered property valuation and predictive remodel analytics

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Appfolio, a rental property management platform, has announced that it will lay off 149 employees (9% of its workforce) as part of its cost reduction initiative and business restructuring plans. The company aims to improve efficiency by making technological investments, shrinking office spaces, and re-evaluating its hiring needs. Despite beating consensus estimates on earnings and revenue in its Q2 2023 financial results, Appfolio joins other residential property tech companies, such as Matterport, Opendoor, and Redfin, in announcing layoffs to adapt to the housing market downturn and improve profitability.

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