The Post Series B Journey

Team Member:  Nicoleta Boicenco

Company Participant: Kevin Shtofman

Company: Cherre

STORY: Cherre is a leading provider of real estate insight - its platform seamlessly aggregates disparate real estate data from a wide range of sources and equips investors with accurate property and market information. Cherre’s vision is to transform real estate investing and underwriting into a science. With real potential to change the industry, this series B company continues to showcase the value of its tool to key market players and its success in doing so will determine the extent to which it scales. This study identifies key takeaways from Cherre’s journey until today as well as its strategy and challenges expected in the future.

Product Development

Team Member:  Jeongwan Jin

Company Participant: Andrew Flint

Company: Occupier

STORY: For proptech companies, product development is vital. First, we examine the types of proptech software, along with recent trends, and how they are developed. Subsequently, this case study led to an interview with Andrew Flint, the founder of Occupier, who offers innovative real estate lease solutions. Based on the insights and ideas from this interview, we explore the process, considerations, and difficulties in product development. We'll also compare products that provide real estate rental management solutions. This analysis allows us to contemplate the problems encountered in the process of developing proptech products and identify possible solutions.

Fundrasing

Team Member:  Ceci Swenson

Company Participant: Anthony Romano

Company: CREtelligent

STORY : After the Great Recession, market conditions worsened as interest

rates and inflation rates soared. The CRE market fell victim to these

market factors as valuations and occupancy rates suffered across the

nation. In the wake of their Series B fundraising round CREtelligent,

a CRE PropTech firm focussed on providing efficient due-diligence

solutions, has had to act creatively and quickly to secure necessary

capital during this period of economic uncertainty.

Network Effects

Team Member:  Freshta Rahmani

Company Participant: Andrew Flint

Company: Occupier

STORY: Coming soon!

Understanding  core customer

Team Member:  Supasit Vitooraporn

Company Participant: Daniel Rosenzweig

Company: KettleOS

STORY: KettleSpace is a workspace technology company based in New York City that has pioneered hybrid work for the last five years. Founded by Nick Iovacchini (Co-Founder & CEO), Ryan Donohue (Co-Founder & CTO), and Daniel Rosenzweig (Co-Founder & Head of Business). The company had several seeding rounds with a valuation of $11.9 million. Later, Workchew acquired the company for an undisclosed amount on April 26, 2022. Its latest product is an operating system software that can analyze tenants’ occupancy risk and actual demand for the space, which could help tenants reduce overpaying above average occupancy projection line.

Growth during Uncertain times

Team Member:  Lizzy Schlesinger

Company Participant: Andrew Flint

Company: Occupier

STORY: Coming soon!

Market validation

Team Member:  Robbie Kelly

Company Participant: Marissa Limsiaco

Company: Otso

STORY: Marissa Limsiaco founded Otso to transform tenant risk assessment and lease security in real estate. Recognizing the lack of reliable tools for credit evaluation, Otso's evolution led them to develop an AI-powered due diligence platform. Marissa's diverse background, including military service, guided her entrepreneurial journey. Otso shifted from offering multi-year bonds to streamlining due diligence, leveraging AI for same-day decisions and transparent reports. Challenges included customer adoption and understanding, comprehensive analysis algorithm, and user-friendly onboarding. Marissa's strategic focus on trust-building, value delivery, and technology highlights Otso's success in redefining tenant due diligence.

Addressable Market

Team Member:  Amy Try

Company Participant: KC Crosby

Company: Pronto Housing

STORY: Pronto Housing is an affordable housing compliance software as a service platform while providing a quick and easy process for both renters and property owners. The software can automatically generate forms for any affordable housing program, converting the 6 months long leasing application process into a 15 minutes procedure. This case study explores the available affordable housing in the market across the United States through both federal and state programs and how Pronto Housing can tap into those markets through their services.