VTS, a New York-based commercial real estate industry’s leading technology platform that transforms how strategic decisions are made and executed across the asset lifecycle, announced that it raised over $125 million in Series E funding.
The funding round was led by existing VTS customer and investor CBRE Group, Inc. (NYSE: CBRE), the world’s largest commercial real estate services and investment firm, which is providing $100 million of capital and will join VTS’ Board of Directors.
Other investors include BentallGreenOak, AmTrust, Brookfield Ventures, and Insight Venture Partners, among others.
In addition to its capital investment, CBRE will partner with VTS to roll out the VTS Platform, with unique enhancements and integrations, as the technology platform of choice for its agency leasing and property management teams, starting in the U.S. This partnership deepens the existing relationship between VTS and CBRE and underscores CBRE’s commitment to giving its brokers and property managers a competitive advantage through innovative technology.
The latest funding round comes as VTS also recently secured $150 million in debt financing from Canadian-based CIBC Innovation Banking, totaling $275 million in new funding. The capital will ensure that VTS continues to accelerate its product innovations, continue to source strategic acquisitions, and attract top talent—team expansion in the U.S., U.K., and Canada is a major focus.
VTS has been certified as a Great Place to Work® two years in a row and was recently recognized in Fortune’s Best Workplaces in New York, Fortune’s Best Workplaces in Real Estate, and Glassdoor’s Highest Rated Cloud-Computing Companies. The VTS Platform is now used by 19 of the 20 largest global asset managers, and over 300,000 tenant companies are managed throughout the platform, making it the most widely-utilized software in commercial real estate.
Company: View the Space, Inc.
Round: Series E
Funding Month: September 2022
Lead Investors: CBRE Group, Inc.
Additional Investors: BentallGreenOak, AmTrust, Brookfield Ventures, and Insight Venture Partners
Company Website: https://www.vts.com/
Software Category: Commercial Real Estate Software
About the Company: VTS is the commercial real estate industry’s leading technology platform that transforms how strategic decisions are made and executed across the asset lifecycle. In 2013, VTS revolutionized the commercial real estate industry’s leasing operations with what is now VTS Lease. Today, the VTS Platform is the largest first-party data source in the industry and delivers data insights and solutions for everyone in commercial real estate to fuel their investment and asset strategy, leasing and marketing automation, property operations, and tenant experience. With the VTS Platform, consisting of VTS Lease, VTS Rise, VTS Data, and VTS Market, every business stakeholder in commercial real estate is given real-time market information and execution capabilities to do their job with unparalleled speed and intelligence. VTS is the global leader with more than 60% of Class A office space in the U.S., and 12 billion square feet of office, retail, and industrial space is managed through our platform globally. VTS’ user base includes over 45,000 CRE professionals and industry-leading customers such as Blackstone, Brookfield Properties, BXP, CBRE, Hines, JLL, LaSalle Investment Management, and Oxford Properties.