Topics

  • Why We Invested: TrustLayer August 18, 2021 We’re delighted to announce our newest investment in TrustLayer’s $15M Series A led by Craft Ventures, with participation from Abstract Ventures, BoxGroup, NFP and Propel Venture Partners. Nine Four Ventures is excited to partner with John and the TrustLayer team to build a category-defining insurance verification software platform. Here is a bit more about the …

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  • PropTech Financial Services Infrastructure February 19, 2021 A few weeks ago, I wrote a blog post titled “Digital PropTech Financial Services” where I talked about how consumer preferences are shifting, and how it’s impacting the way consumers are interacting with banks. As other parts of our lives are digitized, it is training us to expect the same type of experience from our …

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  • Digitally Native, Direct Insurance January 8, 2021 Anyone that has purchased insurance knows just how opaque and painstakingly slow the process is. The status quo typically requires working with multiple agents from different carriers over several weeks to gather a range of policy quotes. The lack of price transparency, long turnaround times, and offline experience across all insurance lines isn’t pleasant, to …

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  • The NAR Lawsuit: What does it mean and what is at stake? December 4, 2020 Per Reuters, the National Association of REALTORS (NAR) recently settled a federal lawsuit by agreeing to give potential home buyers and sellers more accurate information about commissions and fees. Per the article: “The changes include requiring NAR to stop misrepresenting that buyer broker services are free, eliminate rules that prohibit filtering multiple listing services based …

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  • The Great Acceleration: Remote Online Notary November 6, 2020 COVID-19 has acted as a major change agent across every inch of every industry around the world. It significantly impacted the way humans work, live, and play, and as a result, fundamentally changed the way people, processes, and ecosystems interact with the built world. Prior to shelter-in-place, and over the previous decade, the built world …

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  • PropTech to FinTech September 18, 2020 In our current COVID world, PropTech is in the spotlight. It’s a time when we’re 1) having more conversations than ever about how we interact with our environment and 2) seeing more adoption of digital solutions across all facets of the real estate lifecycle than ever before. That said, we also argue that even with …

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  • Furniture as a Service May 30, 2019 Today’s modern workplace is shifting towards a more dynamic, fast changing and disparate environment. As a result, high growth startups need to keep up and provide the newest and best office amenities to keep employee retention high and churn low in this competitive recruiting marketplace.
  • Scooters as a Service December 20, 2018 Nine Four Ventures believes scooters and micromobility solutions are going to be meaningful part of our everyday lives
  • The Scooter Effect September 13, 2018 Given the implications that mobility has for real estate, we believe that real estate owners and operators should pay close attention to how mobility networks can impact the demand for properties

  • The Data Problems in Real Estate August 6, 2021 Real estate data is often heralded as a wildly valuable asset for stakeholders in the ecosystem. Data can inform the past, present, and future – it can be in pure dollars and cents form, factor into the acquisition or sale process, valuation, or financing considerations. It can be more operational in nature to understand tenant …

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  • Photogrammetry: Keeping Insurance “Open for Business” May 13, 2020 In this post I build upon my previous blog and discuss how the insurance industry can benefit from photogrammetry, computer vision technology
  • Photogrammetry: Keeping Construction “Open for Business” with Virtual Inspections April 16, 2020 Photogrammetry is the science of making measurements from photographs. The inputs are typically 2D photos and the output is typically a 3D map, drawing or model of a real-world object or environment
  • The Importance of Data October 18, 2019 Data is in the center of business. From tracking buying habits in the retail world to predicting fraud in the banking world, data scientists are figuring out the best ways to extract the most value for their customers and companies.
  • Network Effects July 19, 2019 We believe technical expertise combined with our real estate experience and strategic real estate limited partner network can create a unique unfair competitive advantage.
  • The Data Advantage: Innovation for the Brokerage of Today April 12, 2019 In a space where technology is still uncharted territory, but also celebrated, where can startups make the most impact and how will agencies benefit?
  • Artificial Intelligence: The Human Advantage December 13, 2018 The advancement of machine learning is undeniably valuable as we look at technologies being conceptualized within the RE space. Whether it be for residential, multifamily, or commercial, the growth potential it creates is something we at Nine Four feel strongly about.

  • Why We Invested: Built Technologies September 30, 2021 We’re thrilled to announce our newest follow-on investment in Built Technologies’ $125M Series D that was led by TCV (Technology Crossover Ventures) and included participation from Brookfield Technology Partners, 9Yards Capital, XYZ Venture Capital, and HighSage Ventures. Nine Four Ventures cannot be more excited to continue supporting Chase and Andrew on their mission to build …

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  • Why We Invested: Agora August 12, 2021 We’re delighted to announce our newest strategic investment in Agora’s $33.3M Series B which was led by Tiger Global and included participation from 8VC, DST and Tishman Speyer. Nine Four Ventures cannot be more excited to partner with Maria and the entire Agora team to build a category defining construction materials platform. Here is a …

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  • Construction Technology: Current Stakeholder Priorities July 24, 2020 Construction Technology: Current Stakeholder Priorities Construction plays a critical part of the global economy. In the US alone, the industry represents trillions of dollars of annual spend and employs more than ten million people[1]. It’s massive, to say the least. Yet, the industry is consistently plagued by inefficiencies such as high costs and slow turnaround …

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  • Construction Technology Market Map May 7, 2020 Construction plays a critical role in the US economy. The industry employs millions of workers and involves trillions of dollars every year.
  • Photo documentation management February 21, 2020 Institutional construction job sites are incredibly complex projects and have myriad different stakeholders including, but not limited to, architects, designers, general contractors, subcontractors, developers, lenders, inspectors, etc.
  • Tech Enabled, Vertically Integrated General Contractors August 29, 2019 Technology can not only reduce costs but also increase revenue.
  • Construction Payment Automation April 25, 2019 …the lack of formidable software tools available to contractors, subcontractors and suppliers exacerbates major manual pain points around purchase orders, invoices, receipts and liens. Today, we’re going to take a deeper dive into those downstream challenges and potential solutions.
  • Construction Loan Draw Management March 28, 2019 The construction industry is massive. It’s one of the largest sectors of the global economy representing $5 trillion in payments annually, with the US construction industry representing a $1T market.
  • Modular Homes November 29, 2018 Modular home builders benefit from many cost savings and pass along some of those to prospective buyers. Manual labor is traditionally the biggest expense associated with every construction project.

  • Google + ADT and the Scale Advantages of Landlords August 7, 2020 This week, Google announced a $450M investment into 145 year old home security company ADT. From the announcement: “Google will make a $450 million investment in ADT in exchange for shares… Upon the closing of Google’s equity investment in ADT, Google will own approximately 6.6 percent of ADT’s outstanding aggregate common equity. Google will combine …

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  • COVID’s Spotlight on Hardware-enabled SaaS June 26, 2020 COVID has made everyone rethink where and how they work, and as a result, there are looming questions about how the office environment is changing. What does this mean for commercial office owners, corporate tenants, and the employees that ultimately occupy those spaces? We’re seeing cities begin to open up and some firms appear closer …

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  • CRE Smart Access Management June 12, 2020 It’s no surprise the traditional paradigm of working from the office every day of the week is gone. Fortunately, in 2020, we have tools such as Zoom, Slack, and DocuSign, for example, that allow us to communicate with each other and maintain acceptable productivity levels.
  • SmartRent Series C May 29, 2020 Nine Four Ventures is excited to announce its follow-on investment in SmartRent’s $60M Series C round led by Spark Capital and with participation of Bain Capital Ventures, RET Ventures, Fifth Wall, Energy Impact Partners, and the Amazon Alexa Fund.
  • Real Estate Technology and the Reduction of Carbon Emissions February 7, 2020 Coming into the new decade, one question that is top of mind for many is – what are we going to do about climate change?
  • The Sustainability Shift October 31, 2019 Building a sustainable brand in today’s eco-conscious climate is something real estate companies can no longer ignore. Not only do renters and owners expect it, it’s imperative to take part in this movement as real estate stands for 40% of overall energy usage globally. Yet, as we see a shift in awareness and adoption there …

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  • Millennials and Multifamily Sustainability September 12, 2019 The conscious effort to make an impact and change the narrative is one in which the millennial generation, and those to follow, feel strongly about.
  • Tech: The New Amenity For Aging Properties August 23, 2019 The introduction of new technologies provide owners and operators an added layer of amenity that once wasn’t available to them.
  • Self Tours May 23, 2019 The concept of self-touring (a prospective renter or home buyer tours the property on their own, without an agent) has been around for a long time, but with the help of smart locks, smart home devices, and software integrations, we are seeing the true potential of self-touring.
  • Baby Steps: CRE’s Energy Efficient Future March 21, 2019 To achieve the goal of reducing the globe’s net greenhouse gas emissions to zero percent by 2050, we need the vast majority of commercial property owners to become more energy efficient with a focus on renewable energy sources.

  • Education Technology’s Impact on the Built World September 10, 2021 Smartphone ubiquity and the Internet have allowed humans to interact with content in more dynamic ways than traditional books and videos. Those trends, among others, have dramatically impacted the way people learn today and led to an explosion of education technology (“edtech”) startups benefitting from the meaningful increase in digital usage and engagement. Startups that …

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  • Tokenized Real Estate: Rethinking Liquidity, Ownership, and Transaction Management May 14, 2021 While dividing ownership through REITs or equity shares is not a new concept, alternative investment startups are facilitating property transactions and creating new models for ownership in real estate. Startups such as Pacaso and Fractional have made it easier for more people to own a home by splitting ownership into several different pieces as part …

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  • PropTech for CRE Office Tenants April 30, 2021 A few weeks ago, I wrote about how Nine Four Ventures works with our Partners to recommend the best-in class real estate technologies that might be helpful to their process. Last time, I focused on multi-family developer partners. In this post, I’m going to focus on PropTech suggestions for CRE office tenants. If you’re an …

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  • Embedded Products and Services April 16, 2021 A while back, we’d often joke about startups “sprinkling a little blockchain” (or ‘AI’) in every pitch deck or business overview. The next descriptor that might take its place is “embedded ____”. Embedded insurance, embedded lending, embedded marketplaces, embedded services…embedded…everything. While the use of the phrase is entering fever-pitch territory (no pun intended), history feels …

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  • Multi-Family Tech Stack April 2, 2021 As strategic investors, we at Nine Four take adding value to each and every one of our portfolio companies very seriously. In order to fulfill our promise of meaningfully moving the needle for startups, it’s important for us to keep a close network of traditional real estate stakeholders who can be partners, advisors, and customers …

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  • Back to the Future: A Look Back to Look Forward March 19, 2021 Using the start of Spring as an excuse to reflect, I thought about the past in an attempt to identify emerging pockets of opportunity across the built world. As the wise Carl Sagan once said, “you have to know the past to understand the present” and understanding the present is key to understanding the future. …

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  • 2020 in Review and 2021 Outlook February 5, 2021 As we’re all well aware, COVID-19 took the world by storm in 2020. It acted as a major change agent across every inch of every industry around the world. For better or worse, it significantly impacted the way humans work, live, and play, and as a result, fundamentally changed the way people, processes, and ecosystems …

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  • Office Space Post-COVID August 21, 2020 One of the biggest questions on everyone’s mind is “what does the future of work look like?”. We’ve gone from a world in which the office was a place an employee visited daily, no questions asked, to a world in which the office is just steps away from one’s bed. The first few weeks post …

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  • COVID and Campus Housing August 1, 2020 The COVID-19 pandemic is still dramatically impacting our world. The number of new cases in the US is rapidly growing and is showing no signs of slowing down. I’m Charlie Hallene, Summer Intern at Nine Four Ventures and I’m also a rising Junior at the University of Arizona. With the school year just around the …

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  • We’d love to hear from YOU! July 10, 2020 PlaceTech recently posted results from a Colliers International survey about distributed companies. The results show that about half of those surveyed saw no change in productivity working at the office versus working at home. We’ve all been hearing mixed messages about workforce productivity post-COVID. That said, we created a quick questionnaire to learn more from …

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  • COVID’s Spotlight on Hardware-enabled SaaS June 26, 2020 COVID has made everyone rethink where and how they work, and as a result, there are looming questions about how the office environment is changing. What does this mean for commercial office owners, corporate tenants, and the employees that ultimately occupy those spaces? We’re seeing cities begin to open up and some firms appear closer …

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  • SaaS: Gateway to FinTech Fund Flows March 18, 2020 SaaS and payments and even lending represent other combinations contributing to the creation of deep activity systems leading to bigger addressable markets, expedited growth and greater differentiation.
  • Payment Operations Management January 23, 2020 Managing invoices, purchase orders and delinquencies across legacy payment channels including ACH, wire, check, etc. is complex and a painful process. But it doesn’t stop there!
  • SaaS Enabled Marketplaces December 13, 2019 The combination of SaaS and marketplace network effects creates complex activity systems expediting growth, strengthening competitive advantages and expanding addressable markets over time.
  • SMB Service Provider Marketing Automation: Driving Offline to Online Commerce September 18, 2019 Generally speaking, services-focused SMBs in flooring, painting, plumbing, roofing, etc., historically concentrated their efforts within a hyper-local geography to service their immediate local community.
  • Go-To-Market: Find the Wedge August 7, 2019 Nine Four Ventures not only appreciates founders taking this approach but also believes many “wedge” opportunities exist in PropTech today across verticals…
  • Underwriting Software: One Size Does Not Fit All January 24, 2019 Underwriting software needs to be flexible in order to achieve mass adoption. Prior to joining Nine Four Ventures, I spent 8+ years in multifamily and commercial real estate acquisitions, where I underwrote nearly $10B in transactions.

  • Why We Invested: Built Technologies September 30, 2021 We’re thrilled to announce our newest follow-on investment in Built Technologies’ $125M Series D that was led by TCV (Technology Crossover Ventures) and included participation from Brookfield Technology Partners, 9Yards Capital, XYZ Venture Capital, and HighSage Ventures. Nine Four Ventures cannot be more excited to continue supporting Chase and Andrew on their mission to build …

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  • Why We Invested: Bungalow August 24, 2021 Nine Four is excited to announce our latest follow-on investment in Bungalow’s $75M Series C led by Deer Park Road, with participation by Atomic, Coatue, Founders Fund, Khosla Ventures and Maverick Ventures. This new round of capital will turbocharge Bungalow’s growth and expansion into new markets across the US. Bungalow cofounders Andrew Collins and Justin …

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  • Why We Invested: TrustLayer August 18, 2021 We’re delighted to announce our newest investment in TrustLayer’s $15M Series A led by Craft Ventures, with participation from Abstract Ventures, BoxGroup, NFP and Propel Venture Partners. Nine Four Ventures is excited to partner with John and the TrustLayer team to build a category-defining insurance verification software platform. Here is a bit more about the …

    Why We Invested: TrustLayer Read More »

  • Why We Invested: Agora August 12, 2021 We’re delighted to announce our newest strategic investment in Agora’s $33.3M Series B which was led by Tiger Global and included participation from 8VC, DST and Tishman Speyer. Nine Four Ventures cannot be more excited to partner with Maria and the entire Agora team to build a category defining construction materials platform. Here is a …

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  • Why We Invested: Bowery Valuation June 29, 2021 Nine Four is excited to announce our latest follow-on investment in Bowery Valuation’s $35M Series B round led by Goldman Sachs, with participation from Capital One Ventures, Builders VC, Fika Ventures, Navitas Capital, Camber Creek, Greenspring Associates, and Alpaca VC. The new infusion of capital will drive Bowery into its next phase of growth and …

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  • Why We Invested: handdii June 16, 2021 We’re delighted to announce our newest strategic investment in handdii’s $3M Seed round led by Brick & Mortar Ventures. Nine Four Ventures cannot be more excited to partner with Christie, Kathryn, and the entire handdii team to build a category-defining claims management software platform for the insurance industry. Here is a bit more about the …

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  • Why We Invested: Finley June 14, 2021 We’re delighted to announce our newest strategic investment in Finley’s $3M Seed round led by Bain Capital Ventures. Nine Four Ventures cannot be more excited to partner with Jeremy, Josiah and Kevin and the entire Finley team to build a category defining debt capital management software platform. Here is a bit more about the business, …

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  • Embedded Products and Services April 16, 2021 A while back, we’d often joke about startups “sprinkling a little blockchain” (or ‘AI’) in every pitch deck or business overview. The next descriptor that might take its place is “embedded ____”. Embedded insurance, embedded lending, embedded marketplaces, embedded services…embedded…everything. While the use of the phrase is entering fever-pitch territory (no pun intended), history feels …

    Embedded Products and Services Read More »

  • Why We Invested: AgentSync March 8, 2021 We’re delighted to announce our newest strategic investment in AgentSync’s $25M Series A led by Elad Gil and Craft Ventures. Nine Four Ventures cannot be more fortunate and excited to partner with Niji and Jenn and the AgentSync team to build a category defining company. Here is a bit more about the business, opportunity, and …

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  • What’s Happening Out There? March 4, 2021 In our 2021 PropTech outlook, we summarized some of the trends we expect to gain steam throughout the year. While the summaries focus on the themes and trends from a product and services standpoint, we didn’t address the investing macro-environment, or what it may look like this year. The topic came up last week ahead …

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  • Why We Invested: Bungalow August 24, 2021 Nine Four is excited to announce our latest follow-on investment in Bungalow’s $75M Series C led by Deer Park Road, with participation by Atomic, Coatue, Founders Fund, Khosla Ventures and Maverick Ventures. This new round of capital will turbocharge Bungalow’s growth and expansion into new markets across the US. Bungalow cofounders Andrew Collins and Justin …

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  • Remote Work: Technology Solutions to Transition March 12, 2020 With the current state of worldwide health concerns due to COVID-19, many companies are leaning (or will eventually be forced) towards changing their day-to-day communication strategy by asking employees to work from home. With so many uncertainties, how will people adjust, and what companies will take charge to help with the transition from our everyday …

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  • PropTech: A Remedy For The Lonely? February 14, 2020 Companies specifically targeted to advance and contribute to how humans live within the built world, can have a tremendous impact on a path to a healthy, fulfilled life.
  • Branch Office Furniture and the Disruption of an Antiquated Space December 5, 2019 Branch, a digitally native office furniture solution and new Nine Four portfolio company, has entered the market to simplify the process, offering direct-to-business furniture with the guidance, flexibility, and the quality that growing companies require, all at an extremely affordable price.
  • Hospitality, Short Term Rentals, and The Value of Consistency October 25, 2019 From the short-term rental point of view, the positions that Marriott, Hilton, and other hospitality brands are taking with regards to home-sharing, consistency, and demand, indicate that professionally managed short-term rental companies could be on to something.
  • Space-as-a-service Cost Structures June 21, 2019 Over the past few years, PropTech has experienced an explosion of space-as-a-service startups. These businesses are optimizing real estate assets and re-inventing how employers manage their offices, employees travel and people rent their living space.
  • Co-living: The Human Perspective June 6, 2019 At Nine Four Ventures, we are excited for this sector to take flight. There will be endless conversations about the pros and cons for both the owners/developers and renters but as I see it, the value it will provide to the diverse demographic of today’s renters will be invaluable.
  • The Future of Work’s Impact on Real Estate May 16, 2019 The Future of Work – that is, the new paradigm of interactions between workers, jobs or employment arrangements, and their physical/virtual workspaces – has significant implications for the Real Estate sector.
  • The WeWork Effect: Stay Alfred’s Relatable Future April 5, 2019 We believe that Stay Alfred, and other short term operators, have a similar opportunity as WeWork and that master leasing units is just the beginning.
  • Short-Term Rentals: Curated For a New Generation March 14, 2019 Nine Four Ventures is very mindful of the disruptive shift that is taking place within the short-term rental space.