CBRE Leads Latest Funding Round For VTS

Proptech firm VTS added more than $125 million in an E-round, according to a press release, to reach a total of $462.4 million by the count of startup data analyst Crunchbase. Leading the round with $100 million of capital was existing investor and customer CBRE Group. Other investors include BentallGreenOak, AmTrust, Brookfield Ventures, and Insight Venture Partners.

“This latest funding round, in addition to a debt facility we put in place a few months ago, unlocks over $275 million of new capital in 2022 alone,” wrote CEO Nick Romito in a blog post. The debt financing of $150 million came from Canadian-based CIBC Innovation Banking. This fifth venture round comes about three years since the company last raised capital by selling equity.