Today is a momentous day at VTS – the most significant milestone in our company’s history. I’m extremely proud to announce a $90 million Series D funding round, led by Brookfield Ventures, the investment arm of Brookfield Asset Management. Other new investors in the round include strategic investors (and VTS customers) GLP, Tishman Speyer, as well as previous investor Fifth Wall, among others. Prior to this round, VTS had raised more than $100 million.
This is the single largest software round in the history of commercial real estate, and the first time leading institutional investors have made an investment of this magnitude in a technology company. This is truly symbolic of the tremendous strides we’ve made as an industry towards transforming how we operate.
Here’s my video covering the highlights of the announcement:
The Wall Street Journal covered the news, and I also announced the news live at our global innovation conference Accelerate to an audience of more than 400 of the world’s leading landlords and brokers.
I couldn’t be more thankful to our customers and partners for your ongoing support on this journey so far. We’re incredibly excited to use this new capital to accelerate the speed at which we deliver powerful technologies to help you win in a rapidly changing market.
Read our official announcement here.
