Proptech firm VTS added more than $125 million in an E-round, according to a press release, to reach a total of $462.4 million by the count of startup data analyst Crunchbase. Leading the round with $100 million of capital was existing investor and customer CBRE Group. Other investors include BentallGreenOak, AmTrust, Brookfield Ventures, and Insight Venture Partners.
"This latest funding round, in addition to a debt facility we put in place a few months ago, unlocks over $275 million of new capital in 2022 alone," wrote CEO Nick Romito in a blog post. The debt financing of $150 million came from Canadian-based CIBC Innovation Banking. This fifth venture round comes about three years since the company last raised capital by selling equity.
"In addition to CBRE's capital investment, we're excited to partner with them to roll out VTS as the agency leasing and property management platform of choice for their operations, initially in the U.S., with plans to expand usage of VTS to their operations in other regions and asset classes globally," Romito added.
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