Nick Romito, co-founder and CEO of VTS
NEW YORK CITY—VTS raised $90 million in a Series D funding round, in one of the largest ever proptech venture financings. Brookfield Ventures, the technology investment arm of Brookfield Asset Management (also is a customer of VTS), led the funding. New investors include GLP, one of the world's largest investment managers that focuses on industrial assets; real estate firm Tishman Speyer; and venture capital firm Fifth Wall which helps online retailers open brick-and-mortar stores.
The funding values the real estate tech firm VTS at $1 billion according to the Wall Street Journal. The publication reports that VTS has raised a total of $197 million. VTS, whose technology helps landlords track tenant leasing, was founded in 2010 according to its website.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
