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Bowery Valuation Raises $35M for its Tech-Enabled Commercial Real Estate Appraisal Firm alleywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alleywatch.com Daily Mail and Mail on Sunday newspapers.
Bowery Valutation, a New York-based technology-enabled commercial real estate appraisal company, raised $35M in Series B funding. The round, which brought total funding to date to $66m, was led by Growth Equity business within Goldman Sachs Asset Management with participation from Capital One Ventures and existing investors Builders VC, Fika Ventures, Navitas Capital, Camber Creek, Nine Four Ventures, Greenspring Associates, and Alpaca VC. In conjunction with the funding, Jade Mandel, Vice President in the Growth Equity business within Goldman Sachs Asset Management, will be joining the board of directors at Bowery. The company intends to use the funds to grow its product, design, and engineering teams and further bolster its appraisal technology platform. ....
Total funding: $23.2 million What it does: Uses artificial intelligence to allow owners of commercial real estate to see under the hood of their property insurance in order to make changes that reduce their premiums. Why it s hot: Cofounder Hemant Shah is the longtime CEO of Risk Management Solutions, the largest risk-analytics company. The idea behind Archipelago is to allow owners of commercial real estate to see how their insurance risk is calculated. That gives them concrete information they can use to make decisions to lower their risk and, as a result, their premiums. The data that Archipelago gathers from building-operations data to the blueprint of a building is then used by insurers to underwrite plans that are more specific with less effort. The combination of a superstar founding team and innovative model has earned the company a lot of interest very quickly. Archipelago already counts the major real-estate owners and operators JLL, Morgan Stanley, and ....
By Noah Isaacs | December 24, 2020 As I watched my wife network on behalf of a friend who is single, I noticed the following scene unfold. She first fumbled through her phone to find a blurb that was buried in an old text. Then, she parsed through her thousands of emails to locate the resume. Finally, she perused the notes on her phone to see her list of single guys and tried to pick the best match. Only then did she consult another friend to review the idea and determine if it sounded like a good fit. Not surprisingly, what was initially meant to be a five-minute conversation to discuss just one idea turned into a three-hour event where they exchanged their entire list of singles in an attempt to brainstorm for each one. ....