Digital advertiser Audience Town gets powered by seed money, new staff

Audience Town’s programmatic advertising services receive boost from MathCapital and two new executives for the development of user-interfaces and APIs.

Salaried brokerage REX raises $40M in funding

REX, a real estate brokerage that pays agents salaries and charges only 2 percent for listing commissions, has raised $40 million in a C1 funding round, putting it over the $115 million mark in total.

IBuying can be huge, even if it remains a niche industry tool

Mike DelPrete found that iBuyers’ business models differ from traditional home flippers. He also suggested iBuyers can profit from staying in their lanes.

SoftBank posts $6.4B loss, CEO ‘regrets’ WeWork investment

The company also reported it lost $4.6 billion in its WeWork stock value after WeWork’s failed initial public offering earlier this year.

Opendoor appoints new batch of executives, board members

The new leaders — none of whom have backgrounds in real estate — have previous experience working at Amazon, Netflix, Hulu and in the venture capital industry.

Online, DIY brokerage Savvy Lane secures $2M, expands to SoCal

Discount broker Savvy Lane uses a small team of remote, tech-powered agents and 1 percent listing fee to win deals. It also facilitates a for-sale-by-owner option with low-fee MLS listings.

Patch Homes, another cash-for-equity startup, clinches funding

With an additional $5 million in financing, Patch Homes is among a growing list of startups that let homeowners sell an equity stake in their home for cash.

MoxiWorks eyes acquisitions, growth with new capital

Brokerage-owned real estate tech startup MoxiWorks announced Thursday it’s received “a meaningful growth equity investment” from private equity firm Vector Capital. Together with part owners Windermere Real Estate, Howard Hanna Real Estate Services and Long & Foster Real Estate, Vector Capital plans to help MoxiWorks accelerate growth and pursue acquisitions.

An estimated $4B will flow to U.S. proptech companies in 2019 – that’s just the beginning

An estimated $4 billion is forecasted to flow into the U.S. real estate technology (proptech) space in 2019, a record for the industry, according to a new report from CB Insights, but experts in the space say the industry hasn’t come close to reaching its peak.

Fund That Flip gets $11M for lending platform

The home financing platform is for experienced home investors and recently secured $11 million in funding from Edison Partners of Princeton, New Jersey.