Total amount raised
$1.7 Billion
Latest funding date
9/1/2022
Location
VTS has successfully raised significant capital through multiple funding rounds, with notable investors such as BentallGreenOak and Bessemer Venture Partners. The platform offers a suite of technology solutions designed to unify stakeholders in the commercial real estate industry.
Keep reading to explore the intricacies of VTS's fundraising journey and the investors backing this innovative platform.
What Is VTS?
Founded in 2012, VTS is a leading real estate CRM software company based in New York, New York. The company was established by Brandon Weber, Donald DeSantis, Karl Baum, Niall Smart, Nicholas Romito, and Ryan Masiello.
VTS provides a comprehensive leasing and asset management platform that centralizes data and workflows, helping commercial real estate professionals optimize performance and make better decisions. The platform manages over 13 billion square feet of real estate globally.
With a workforce of 501-1000 employees, VTS continues to innovate and streamline operations for landlords, brokers, and tenants in the commercial real estate industry.
How Much Funding Has VTS Raised?
- Seed Round
- Amount Raised: $700K
- Date: June 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial capital to develop the platform and validate the business model.
- Seed Round
- Amount Raised: $1M
- Date: May 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Seed Round
- Amount Raised: $2.1M
- Date: December 2013
- Lead Investors: Bessemer Venture Partners, Thrive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's features.
- Series A
- Amount Raised: $6.5M
- Date: August 2014
- Lead Investors: Bessemer Venture Partners, Thrive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve customer acquisition strategies.
- Series A
- Amount Raised: $11M
- Date: January 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and increase market penetration.
- Series B
- Amount Raised: $21M
- Date: July 2015
- Lead Investors: OpenView
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and support international expansion.
- Series C
- Amount Raised: $55M
- Date: May 2016
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in new technology solutions.
- Series D
- Amount Raised: $90M
- Date: May 2019
- Lead Investors: Brookfield Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product lines and enter new markets.
- Debt Financing
- Amount Raised: $150M
- Date: March 2022
- Lead Investors: CIBC Innovation Banking
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and strategic initiatives.
- Series E
- Amount Raised: $125M
- Date: September 2022
- Lead Investors: CBRE Group, Inc.
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product innovations, pursue strategic acquisitions, and hire talent.
Total Amount Raised: $462.3M. Current Valuation: Not publicly disclosed.
Key Investors
- CBRE Group, Inc.
- Details: CBRE Group, Inc. is a global leader in real estate services and investment. They offer a wide range of services including property management, investment management, and valuation.
- Investment Focus Areas: Real estate services, investment management, property technology.
- Notable Investments: Industrious, Floored, Streetsense.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a prominent venture capital firm that invests in early-stage companies. They have a long history of backing successful startups across various sectors.
- Investment Focus Areas: Software, healthcare, financial services.
- Notable Investments: LinkedIn, Pinterest, Shopify.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm. They focus on growth-stage technology and software companies.
- Investment Focus Areas: Software, internet businesses, technology.
- Notable Investments: Shopify, Twitter, DocuSign.
- Brookfield Ventures
- Details: Brookfield Ventures is the technology investment arm of Brookfield Asset Management. They invest in innovative companies that can enhance the value of Brookfield's real estate and infrastructure assets.
- Investment Focus Areas: Real estate technology, infrastructure technology, innovation.
- Notable Investments: Convene, Honest Buildings, VTS.
- BentallGreenOak
- Details: BentallGreenOak is a leading global real estate investment management advisor. They manage a diverse portfolio of real estate assets across various sectors.
- Investment Focus Areas: Real estate investment management, property technology, asset management.
- Notable Investments: Not publicly disclosed.
What's Next for VTS?
With the recent $125 million Series E funding, VTS is poised to accelerate its growth and product innovations. The company plans to expand its market presence and deepen partnerships with major investors like CBRE. This significant capital injection will also enable VTS to execute strategic acquisitions and enhance its platform to offer a more tailored property experience.
As the commercial real estate industry continues to digitize, VTS is well-positioned to capitalize on the increasing demand for digital solutions. However, the company may face challenges such as integrating new acquisitions and maintaining a competitive edge in a rapidly evolving market. Future fundraising opportunities could arise as VTS continues to innovate and expand its global footprint.
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