VTS raises $90m in latest funding round

Real estate technology firm VTS has raised $90m (£69m) in its latest funding round, which is believed to be the largest proptech venture financing ever made. Brookfield Ventures (the technology investment arm of Brookfield Asset Management) led the Series D funding round and was joined by new investors GLP and Tishman Speyer. Previous investor Fifth Wall was also among investors involved. The proceeds will be invested into VTS’s platform for leasing and asset management, both domestically and internationally. Funds will also be used to accelerate the launch of end-to-end commercial real estate leasing marketplace, truva, which is expected to be live later this year. Brookfield Ventures managing director Josh Raffaelli, who will also be joining VTS’s board of directors, said: “VTS has been one of the most impactful technology platforms we have incorporated into our organisation and we are excited to be playing a part in their future. “VTS’s market-leading technology has transformed the way the industry operates, and we are incredibly excited to partner with them in this new capacity.” To send feedback, e-mail lucy.alderson@egi.co.uk or tweet @LucyAJourno or @estatesgazette