NYC based real estate tech startup has raised a $90m venture financing led by Brookfield Asset Management and GLP, valuing the company over $1 billion.
VTS, led by Nick Romito and Ryan Masiello, launched in 2012 as a marketing-service called View The Space. It evolved into a full-service cloud-based leasing portfolio management software used by some of the biggest landlords in the country, and claims to have about 10 billion square feet of space on its system. The funding will help support Truva, a new online leasing marketplace that VTS plans on launching this year. It will help landlords and tenants do deals, occasionally without using brokers. VTS tracks tenants in roughly 47,000 buildings across 13 markets in the U.S. and in more than 35 countries. Other investors include Blackstone Group and Tishman Speyer. It last raised $55 million in a Series C round in May 2016. A few months later, the company merged with its biggest competitor, Hightower.
https://therealdeal.com/2019/05/07/vts-raises-90m-to-join-the-ranks-of-unicorns/