TRENDS BEST OF 2019 (SO FAR) - In partnership with - PlaceTech
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TRENDS
B E ST O F 2 0 1 9
( S O FA R )
In partnership with
PlaceTech Trends 2019
Contents
FUNDING 3
HOTSPOTS 6
FUTURE OF WORK 7
MARKET COMMENTARY 8
PEOPLE 10
COMMENT: MIPIM 2019 13
PRODUCTS 15
BOOKS 17
JOIN US IN LONDON 19
ABOUT PLACETECH 20
2
PlaceTech Trends 2019 FUNDING
FUNDING Essensys IPO raised £28m
The cloud software used by flexible office
operators raised £14m for shareholders
and the same again for the company to
Funding in the first half of 2019 clear its debt and invest in growth, through
surpassed the total for 2018. a listing on the Alternative Investment
Venture investment in property tech Market of the London Stock Exchange.
startups has already hit $12.9bn globally, The listing of 38.5% of the business at
compared to $10bn for the whole of last £1.51 a share values it at £72.6m. The
year. Here are some of the deals that share issue was twice oversubscribed.
have contributed towards this surge.
Fifth Wall’s global $503m fund
The US-based venture capital firm raised
its second fund, of $503m, claiming to
be the largest proptech investment fund
to date. Fifth Wall’s Fund II more than
doubles the size of the company’s first,
which closed in May 2017 at $212m and
was targeted at the US only. This time
round, Fifth Wall went global raising the
pot from more than 50 corporate strategic Essensys raised £28m through listing on the LSE
investors in 11 countries, including British Alternative Investment Market
Land and SEGRO in the UK.
WeWork’s plot to become landlord
The We Company announced the launch
of its private real estate investment arm,
ARK, in a move to establish the company
as a landlord. ARK will serve as a global
real estate acquisition and management
platform for the loss-making WeWork.
The fund will initially deploy with $2.9bn in
total equity capital, with a substantial part
of that coming from institutional investor,
Ivanhoé Cambridge of Canada.
Brendan Wallace and Brad Greiwe launched VC Fifth
Wall in 2016 VTS joined the unicorn club
The real estate leasing and asset
MetaProp to launch $100m fund management platform raised $90m to
launch a global scale-up campaign, in
The New York-based venture capital what is believed to be the largest venture
fund is looking to raise $100m for financing made for commercial property
its latest investment programme, software. The Series D investment round
MetaProp Ventures III, according to a was led by Brookfield Ventures, the
filing submitted to the US Securities technology investment arm of Brookfield
& Exchange Commission. The firm’s Asset Management. This reportedly
previous schemes provided investment values the business at $1bn, which
to organisations using a wide range of would make it among the first proptech
technology to transform the real estate unicorns, the nickname for privately
market. owned companies valued at $1bn or more.
3
PlaceTech Trends 2019 FUNDING
Urban Splash goes big on modular Matterport’s plan to scan 100m
buildings
Japanese housebuilder Sekisui made a
foray into the UK housing market after Matterport is one of, if not the, largest
striking a £90m deal with Urban Splash’s proptech companies in the world with a
modular home business. The deal saw market cap of $500m, and a recent raise
Sekisui acquire a 35% stake in Urban of $48m to fuel its aggressive growth
Splash, with Splash also receiving £30m campaign. To date 1.6m assets have
from Homes England. The deal is widely been scanned and photographed with
expected to result in thousands of new Matterport cameras. The firm announced
homes across England, all of which its intentions to acquire Arraiy, a machine
will be built using modern methods of learning and computer vision technology
construction. that allows visual creators to integrate
real and virtual worlds.
Bosch commits to biggest startup
fund yet Hubble benefits from JLL’s $100m
venture fund
The venture capital arm of the global
electronics company increased its The online platform for flexible office
investment in startups by launching space secured £4m from a group of
its fourth fund worth €200m, taking investors, led by JLL’s Spark global
its total for the four funds to €620m. venture fund. This was the first
Robert Bosch Venture Capital is one of European investment for JLL Spark,
Europe’s largest corporate investors, the venture capital arm of the property
with a portfolio including more than 35 and investment management giant. The
companies active in autonomous driving, funding will be used to invest further into
AI, the Internet of Things, and distributed Hubble’s technology platform, developing
ledger technologies such as blockchain. its offering to attract bigger businesses of
50 people or more, as demand for flexible
office space from larger businesses rises.
Spacemaker raises $25m to design
better cities
Ocado bets on vertical farming
The Norwegian AI startup, used by
developers and architects to generate The online grocer is investing £17m into
and analyse designs, will use the money the emerging vertical farming sector as
to accelerate the company’s roll-out it continues to diversify its technology
and grow its product, engineering and portfolio. The firm announced it has
commercial teams. Since launching in late completed two deals in this area. Vertical
2018, Spacemaker has attracted large farming involves food being produced
names in property development as clients within indoor facilities where crops are
in the Nordics and globally, including grown on a series of precisely-controlled
Skanska, and AF Gruppen. stacked levels.
4
PlaceTech Trends 2019 FUNDING
GeoSpock part of £150m Cambridge Compass gains a slice of SoftBank’s
funding Vision Fund
Smart cities data specialist GeoSpock The online residential broker Compass
was one of 25 companies to receive raised $370m in its Series G funding
funding as part of a £150m raise led by round. This round included funding from
Cambridge Innovation Capital. The round Canada Pension Plan Investment Board,
was supported by a range of institutional SoftBank Vision Fund and Dragoneer
and strategic investors, including the Investment Group. Compass has raised
Cambridge Endowment Fund, and is $1.5bn since incorporation in 2012 and
believed to be one of the largest private is now worth $6.4bn. Compass is moving
financing rounds in Europe this year. into commercial real estate and has
product updates planned including a new
app interface.
GeoPhy raises $33m to aid global
expansion
Techstars raises $42m to launch
The Dutch property valuation platform own companies
closed a $33m investment round to
accelerate its global expansion plans. The startup accelerator, which runs
Founded in 2014, GeoPhy has developed programmes for Colliers and others,
an artificial intelligence-driven software announced a $42m investment led by
suite that harvests data from public SVB Financial Group. Techstars is set to
and private sources, such as satellite use this investment to grow Techstars
images and sales data, and works out the Studio, which builds and launches its
relationship between asset values and own companies; Techstars Ecosystem
features. Development, which helps communities
grow and maintain startups; as well as
Techstars Talent, which lists startup jobs.
The accelerator is set to expand its reach
in North America and Europe, and grow
into Asia, Latin America, and Australia.
Dutch firm Geophy integrates hyperlocal data to
visualise the value of real estate assets
Zencargo raises $20m to transform
logistics
The digital freight forwarder offers
wholesalers instant quotes and booking,
real-time shipment tracking, paperless
cloud management and customer service
on one platform. Founded in 2017 by
Alex Hersham, Richard Fattal and Jan
Riethmayer, Zencargo aims to transform
supply chain management through
Ben Liao is the managing director of Techstars, the
software and automation. accelerator run in partnership with Colliers among others
5
PlaceTech Trends 2019 HOTSPOTS
HOTSPOTS SUSTAINABILITY
With Britain becoming the first G7 country
to set a legally binding target to reduce
What’s everyone been talking about over carbon emissions to net zero by 2050, the
the past sixth months, and where is H2 pressure is on for the property industry
headed? to respond. Grosvenor joined a series of
developers and investors to announce
We reflect on the main themes that plans to achieve net zero carbon emissions
we’ve seen and share market insight from its buildings, setting a bold target
from industry experts. of 2030. Edge Technologies entered the
UK with a £50m acquisition to address
occupier demand for buildings with
FLEX increasingly high sustainability standards.
The first half of 2019 saw some of the Elsewhere, Sidewalks Labs detailed plans
largest property firms plunging headfirst for its Toronto smart city with a big focus
into the flexible office market. Joining on climate change, and to generate 89%
the competition against WeWork, the less greenhouse gas emissions per capita
Queen’s property company Crown Estate than downtown Toronto.
and European developer HB Reavis both
launched flexi offices in London. Savills
also entered the market with PIVOT,
however the firm has yet to confirm any
locations. JLL predicts flexible office
space in the UK will account for over
8.5% of total UK office stock by 2023;
it currently stands at 5%. Regional cities
have experienced strong activity over
recent years, particularly Manchester
and Birmingham; each saw more than
100,000 sq ft added to flex stock in 2018.
Driverless ‘PODS’ are being tested at Manchester airport
MOBILITY
By 2050, over two-thirds of the global
population is expected to be living in cities.
As a result, our roads are slowing down,
pollution is at an all-time high, as is the
demand for better and more sustainable
mobility. Autonomous vehicles are
being developed and tested heavily,
including in Manchester; Google parent
Alphabet became the first drone delivery
company to receive approval from the US
Government; and the demand for better
electric vehicle infrastructure is on the
rise. Though electric scooters are illegal in
the UK, companies around the world are
still raking in funding despite the micro-
mobility market becoming quite crowded.
Crown Estates has this year launched its first flexible
office space in London’s West End
6
PlaceTech Trends 2019 HOTSPOTS
FUTURE OF WORK
PlaceTech explored the changing roles within the industry, speaking to architects,
property managers, valuers and more about how they’re adapting to different ways of
working
Here are some key quotes from the series available in full on placetech.net
RESIDENTIAL DEVELOPERS VALUERS
“The smart developers, between now “The role of a valuer has evolved over
and 2040, will work out the areas that the last 10 years; some valuers have
either don’t require humans or will been aware of this and some have
require less human brainwork. The SME chosen to ignore it. There is a new
developer is going to become more breed of valuer coming through –
important to housing supply, as smaller analytical and data savvy, they have the
parcels of land are becoming more vital. skill set to manipulate market data in
As tech is adopted by larger developers, such a way as to automate much of the
they will set standards for SMEs” mundane processes valuers are used to
undertaking”
Michael Bristow, CEO
Peter O’Brien, head of
of CrowdProperty, a
valuation consultancy
peer-to-peer lender
at Avison Young
for development
finance
ESTATE AGENTS PROPERTY MANAGERS
“With the increasing amount of “The industry isn’t going to change the
legislation and licensing coming into fee structure that is used to remunerate
effect, agents that want to conduct even property managers in the next 10 years.
a reasonable volume of business and There is still an institutional expectation
remain compliant need to adopt tech to that fees will be fully service charge
facilitate that. Staff, and training, is too recoverable. Consequently, to change
costly and onerous to be a valid long- the roles, invest in the future, and move
term approach for lower value, admin- towards a focus around customer
based roles. Added pressure from the experience, property managers must
likes of the Tenant Fee Act and a dipping harness technology to find efficiencies. If
sales market only accentuates this need tech has been an option for the forward-
to be as efficient as possible” thinking, it’s about to become the only
solution for survival”
Kristjan Byfield, Polly Plunket-
director of Base Checkemian, senior
Property Specialists executive director,
Mapp
7
PlaceTech Trends 2019 MARKET COMMENTARY
MARKET JAMES
MORRIS-MANUEL
COMMENTARY Managing director
and vice president,
EMEA, Matterport
CHARLIE WADE I think H1 created
UK managing director, a false sense of
VTS security for real
estate, especially in
estate agency.
With headlines shouting about the demise
We’re seeing a
of online agents, traditional businesses
distinct trend
are starting to question the impacts of
occurring in
technology and whether they pose an
proptech around
actual threat to their current business
investment.
models.
Both VCs and investors from within the However, you need only look at the number
industry looking to deploy capital are backing of different approaches to online agency
more mature technology companies. With to see that it is only a matter of time
several investors building large funds to before something clicks and a new digital
invest into proptech the big question is, where offering becomes a serious contender to
will this be allocated? What we are seeing is the longevity of traditional agents. With
investors betting big on a few companies, technologies constantly evolving and
ones that have actual value today. improving there is increased potential for
online models to overtake the tried and
VCs and investors from within the real estate trusted High Street agency.
industry are looking for tech companies that
have a more mature proof of concept, have I’ve also noticed that a lot of the
emerged through the saturated noise of early technological innovations coming to
stage start-ups, are generating revenue, the fore in H1 have focused on process
reinvesting profits back into R&D and most improvement. The proptech market
importantly have a value proposition which is largely saturated with a number of
is relevant to right now. Future development similar solutions available for the same
potential and product pipeline is the icing on problem. However, those who are pulling
the cake, not the base rationale for investment. forward are the ones who are innovating
to improve processes.
Proptech companies that don’t have a clear
business model, can’t prove current value and Technologies are being refined and
are propped up by a future pipeline or market specific solutions are being fine-tuned
share projections, as well as those which to serve the real estate industry’s needs.
haven’t proven that they can drive revenue I think that H2 will bring with it bigger
will struggle to gain investment. Investors are picture thinking.
backing the few and not the many. This should
have a significant impact on the second half Whist technology companies will still
of the year when we will likely see a number be assessing how they can continue to
of acquisitions and stagnating proptech improve on a micro level, I think we’ll
businesses fall away, should they not be able to see more of a macro approach to where
prove actual value at the point of investment. changing processes will take us.
8
PlaceTech Trends 2019 MARKET COMMENTARY
TOM
ADAM MCCLELLAN
MALIK
UK & Ireland
Head of director of
business business
development development,
for Europe, WiredScore
Equiem
The first half of
We’re encouraged to see that deal flow 2019 provided fascinating depth to what
is quickening for proptech providers that is now a well-established trend, namely:
can demonstrate value and ROI. Many the increasing focus and attention being
companies are seeing stronger growth placed on data. While this trend continues
now that they are able to demonstrate to set a clear path forward, the backdrop
measurable value and have been shown to has been less clear for those making
deliver good results for their first handful investment decisions in commercial real
of clients. Certainly, that’s our experience, estate in 2019.
with 70% of our UK clients having already
added another building within six months Political confusion continues to brew with
of launching a first, for that exact reason. market uncertainty and a degree of tension
However, the flipside is that as quality around investment levels being sought,
proptech providers build trustworthy conspiring to make murkier and murkier
reputations and become known for decision-making waters. This has left many
their ability to deliver, we will also see with the question: do we take a deep breath
consolidation in the market, as solutions and dive in now, continue to hold and wait,
that over-promise but under-deliver are or wait a few more months and then dive
ultimately exposed. in?
We have witnessed this first-hand at
WiredScore where we are increasingly
being approached by clients to help them
in their search for better knowledge and
greater intelligence within this quagmire.
In our case, in a world where the ability
VIK TARA to access and use data is fundamental to
tenants’ businesses and their productivity:
Chief how should we consider and address the
technology risk surrounding poor digital infrastructure
officer at in buildings and how to mitigate digital
Technology obsolescence?
Blueprint and
PropCo Traditional valuation and investment
models and metrics are increasingly
The hot topic at the moment is very being challenged by such questions,
much looking at data within businesses. with investors having to rethink older
Established businesses in the property strategies that don’t account for the influx
space are starting to consider how to use of tech, such as occupier reliance on cloud
analytics to drive their business decisions. computing, an ever-growing pool of data
on building performance, and evolving
Driving efficiency through automation business models such as coworking. In the
technology is a real hotspot right now. second half of 2019, I expect to see further
We are seeing forward-thinking property changes in how traditional real estate
businesses asking for more and more Big companies approach the acquisition and
Data analytics to assist in their business sale of property as tech continues to
planning and prioritisation. impact the industry.
9
PlaceTech Trends 2019 PEOPLE
PEOPLE
This year we have seen some big hires as the market begins to mature, with real estate
professionals and key players from tech giants jumping ship to emerging property
technology companies. Here are our new hires of note for the year so far.
The real estate tech and innovation lead at KPMG
joined the global connectivity rating scheme as
head of corporate development. His role focuses
on the implementation of the Wired Certification
across the UK and Europe and driving forward the
company’s growth strategy, reinforced by a $9m
fundraising round. There is over 500m sq ft of office
space committed to Wired Certification, with the
firm working with more than 500 landlords and
developers globally including: Blackrock, British
EDEN DWEK Land and Hines. WiredScore also launched a home
Head of corporate development certificate aimed at build-to-rent landlords, with
WiredScore 4,000 units committed at launch from customers
including Legal & General, Patrizia, and Ask.
A member of CBRE’s UK Innovation Board and
associate director for London development,
Wilkins was appointed as director of community
engagement at building database provider, Built-
ID. At CBRE, she was directly involved in providing
specialist market advice and commentary to inform
the viability and delivery of mixed-use development
schemes. In her new role, she is responsible for
working in partnership with the wider real estate
industry and strategic tech partners and investors.
BRIDGET WILKINS Founded in 2015, the company has raised a total of
Director of community engagement £1.1m of funding, with specialist proptech venture
capital firm Pi Labs as lead investor.
Built-ID
BidX1, the property auctioneer, appointed Johnny
Horgan as managing director of Europe to oversee
its ongoing international expansion. Horgan joined
from CBRE Ireland, where he led the capital markets
team for the last five years as its executive director.
At CBRE, he was heavily involved in high-profile
property deals and developed the team to become
one of the market leading real estate and investment
agencies in Ireland. In eight years, BidX1 has sold
assets totalling €1.4bn. Last year, it raised £300m
JOHNNY HORGAN for its clients. It currently has a database of 100,000
Managing director of Europe registered users.
BidX1
10PlaceTech Trends 2019 PEOPLE
Matterport, the 3D camera maker, which is often
seen as one of the largest proptech companies,
hired the former Google executive as chief revenue
officer. Remley spent eight years at Google in various
executive roles where he led regional and global
business teams across Google Enterprise, Google
Commerce, and Google Cloud and Maps. He also has
over 20 years of real estate investing experience
as the founder and president of Mile27 Realty. Over
1.6m assets have been scanned and photographed
JAY REMLEY with Matterport cameras and software so far.
Chief Revenue Officer
Matterport
IPSX, the first securities market for commercial
real estate, appointed Phillips as senior manager
in real estate advisory. He previously worked with
commercial property marketplace Realla before its
acquisition by CoStar and was director of the city
agency leasing team at GVA, now Avison Young,
where he advised on £2bn of transactions in the City
of London. IPSX has yet to see its first initial public
offering although talks are ongoing with several
parties over listing on the exchange.
PATRICK PHILLIPS
Senior Manager
IPSX
Erik Fossum Færevaag, founder and CEO of
Disruptive Technologies, the building sensor maker
which ships 20,000 units a month, handed over
leadership of the company to Raoul Wijgergangs,
a veteran of smart home IoT. Wijgergangs is the
former vice president and general manager of the
IoT consumer unit at Silicon Labs, headquartered
in Austin, Texas. He spent 14 years building smart
home protocol Z-Wave through to sale for $240m
to Silicon Labs last year.
RAOUL WIJGERGANGS
CEO
Disruptive Technologies
Tenant experience platform Hq0 hired Mark
Rosenthal as VP of marketing, sales & success.
Prior to joining the company, which specialises in
commercial real estate, Mark spent eight years
at Google with his last role as head of Google’s
programmatic advertising sales for North America.
He helped Google’s largest advertisers leverage
machine learning and advertising automation.
Founded in 2018, Hq0 has raised a total of $12.6m.
MARK ROSENTHAL
VP of marketing, sales & success
Hq0
11PlaceTech Trends 2019 PEOPLE
Compass, a real estate brokerage and technology
company, hired the ex-Microsoft executive as chief
technology officer to lead its engineering team
in developing new Artificial Intelligence-powered
products. Joseph was a big win for Compass as
he was most recently chief technology officer of
Artificial Intelligence at Microsoft, where he oversaw
the development and expansion of Microsoft’s
cloud AI and data products over the past five years.
Compass has raised $370m in its latest funding
JOSEPH SIROSH round, including from SoftBank’s Vision Fund. The
Chief technology officer firm has raised $1.5bn since incorporation in 2012
Compass and is now worth $6.4bn.
Fast-growing leasing and asset management
platform VTS appointed the software executive as
chief product officer. Gijo Mathew joined VTS from
Web.com, a large US company that provides domain
name registration and web development services,
where he served as chief product officer for two
years and was responsible for a product portfolio
that generated more than $800m in revenue. In
May, VTS raised $90m to launch a global scale-up
campaign, and is used by more than 700 landlords.
GIJO MATHEW The software currently manages 10bn sq ft of
Chief Product Officer office, retail and industrial assets, with high-profile
VTS customers including Blackstone, CBRE, JLL, LaSalle
Investment Management and Hines.
Coyote, software for tracking and managing
assets through the commercial property lifecycle,
appointed the former CEO of GVA UK as its first
chairman. Bould has been a non-executive board
member of Coyote since the company launched in
October 2017. Bould holds other senior advisory
and non-executive director roles including with
Palmer Capital Income Fund and IPSX. Before it
was commercially launched, Coyote was developed
and used by M7 Real Estate and its clients for over
ROB BOULD 8 years. The company now has around 30 external
Chairman clients including Palmer Capital and Stenprop.
Coyote Software
12PlaceTech Trends 2019 MIPIM 2019
MIPIM 2019
With data claiming that providing a digital
building will provide a 4.7% uplift in rent
compared to other comparable buildings
Property isn’t just in London, landlords and developers were
urged to innovate, to provide usable data
bricks and mortar that would allow opportunities for the
building to improve and adapt.
–it’s about people
Customer experience, and the technology
and principles behind implementing this
ideology within the property sector, was
also a central focus.
It isn’t breaking news that customer
experience is an important factor in
retaining a competitive market position
and that consumers are expecting a
digital environment as part of this service.
At MIPIM we saw the emergence
‘hotelisation’, a philosophy within
commercial real estate whereby the view
of customers is changing from tenants
GUY WINDSOR-LEWIS of the building to valued guests. The
premise being that building occupants
Founder and Managing Director should receive the same level of service
Locale within a commercial building as at a hotel
or restaurant.
At this year’s MIPIM, the 30th since the
conference started in 1989, we noticed
a real break in tradition.
The focus was on meaningful and
measurable outcomes driven by a new
generation of talent, both from more
traditional companies, as well as more
attendees from newer companies.
Proptech is a buzz word that has been
flying around for some time but this year
the industry came together to focus on
whether we are really innovating. Smart
buildings were under the spotlight and
it was unanimously agreed that smart
buildings need to be truly tailored to
their location and occupiers. Occupiers
are becoming increasingly savvy when
it comes to utilising space and ensuring
they are sustainable, but we haven’t
reached the peak when it comes to smart
buildings.
13PlaceTech Trends 2019 MIPIM 2019
Since ‘hotelisation’ as a term has been Investigating every part of the experience
bandied around the shores of Cannes, it within your building seems to be the key,
has become more common vernacular as well as using the analytics technology
in the industry associated with the provides in order to deliver the experience.
processes around front-of-house service
in both residential and commercial Recording data and perceptions of
property. the building is key not only to ensure
efficient building performance but to
Not only is the emphasis on delivering deliver a service that meets the needs of
a hospitality-style service but also on customers.
creating a destination. One that stands
out to occupiers as an environment that It seems to be the new norm that a
fosters creativity and collaboration for its space also provides an experience.
employees; one that understands their Real estate is bound to take on more
customer base – appealing to younger and more traits traditionally associated
generation digital natives who expect a with the hospitality sector as the sector
seamless digital experience as standard. looks to deliver on customers’ evolving
expectations. The digitisation of the
In essence, we are seeing a growing property sector is a natural progression
importance being placed on customer that not only enhances a building but its
experience within property, with the usability for customers. Once embraced,
focus on not just the tangible and explicit it will surely be mutually beneficial for
but also on the intangible and implicit. occupiers and owners alike.
14PlaceTech Trends 2019 PRODUCTS
PRODUCTS
A round-up of some of the best startups and companies turning heads this year
NPLAN
The London-based AI software uses machine
learning to analyse construction schedules in order
to determine where the biggest risks lie and then
recommend improvements. Earlier this year, NPlan
was announced as one of 24 companies to receive
part of an £18m UK Government fund to drive
technology adoption in construction.
SENSONEO
The Slovakian smart waste management company,
uses IoT sensors (right) to monitor real-time waste
management and collect data. Sensoneo was
established in 2014 and has since expanded into 137
locations across five continents. In July, it became the
first to deploy commercial narrowband IoT in the US -
this low-powered tech is specifically developed for IoT
devices that require small amounts of data over a long
period, with the aim being to deepen its connectivity
rate in the US.
NEARST AVVIR
The Google-backed Avvir is a New York-
retail tech provides based company that
real time inventory uses lasers to scan
data to drive more construction sites
shoppers onto the to identify errors,
high street. NearSt monitor progress
recently published and create a digital
High Street Futures, twin of the analysed
a report with research building for use in
and innovation smart management
consultancy The systems. This year,
Future Laboratory Avvir raised $2.5m
on the new era of in a seed round led
the high street and by Khosla Ventures
the role of Real-Time with participation
Local Inventory in the from MetaProp and
digital age of retail. Localglobe.
Nick Brackenbury and Max Kreijn founded NearSt to make it
easier for shoppers to find out what is available at nearby stores
15PlaceTech Trends 2019 PRODUCTS
ANAPLAN
A cloud-based business planning software, uses
connected planning technology to provide real-
time insights and help with decision making. In Q2,
it reported a total revenue of $75.8m, which marks
a 47% increase year-on-year. Companies that use
Anaplan include RSA, Zillow, and Legal & General.
REONOMY
Reonomy is a customisable platform that provides
data on current businesses in the real estate
sector. It uses machine learning and AI to analyse
records and create a universal identifier for
commercial assets in the US. In July, it announced
a partnership with software and data firm Black
Knight in order to expand its database. Real estate CEO Richard Sarkis and COO Charlie Oshman
advisor Avison Young and energy consultancy founded Reonomy in 2013
Lime Energy also use Reonomy.
SPATIAL.AI
Spatial.ai is a geolocation data
company that categorises
billions of conversations from
social networks to understand
and track human movements
and how people experience the
world around them. In July, it
announced that it now provides
full Geosocial data coverage
to Mexico, its third country
after the US and Canada. The
firm’s database is used by site
selection firm SiteZeus and
predictive tech company for
retail, leisure, and healthcare
providers, Intalytics.
NODE
The Manchester-based smart internet
technology solution, provides an interface
for buildings in order to supply an agnostic
telecommunication point of presence without
installation. Node is currently in Concrete
VC’s 2019 residency and hopes to expand
its product by releasing Node Engage, a
communication platform between owners
and occupiers, in the coming months.
Node, founded by (from left) Dave Walker, Doug Ward, Paul
Crookes and Shaun Gibson (not pictured), won a place on
Concrete VC’s prestigious residency in February
16PlaceTech Trends 2019 BOOKS
BOOKS
A collection of books for inspiration and information
Protests from the Extinction Rebellion and Greta Thunberg have been the figureheads of a
literary push towards words of warning on climate change and overpopulation
Alchemy, The Range: How Generalists
Surprising Power of Triumph in a
Ideas that Don’t Make Specialized World
Sense
By David Epstein
By Rory Sutherland
An argument against
Embracing the the development of
unpredictable aspects specialist knowledge is
of human nature, the basis of Epstein’s
Sutherland argues, attempt to prove that in
will lead to success the age of computers,
in business and the broadening your skillset
economy. This book and avoiding a niche is
combines elements the way forward. He says
of behavioural that while computers
science, analogies and and AI are capable of
Sutherland’s training highly focussed work,
from PR firm Ogilvy to humans should move the
help its readers embrace other way and develop a
the irrational. range of knowledge that
is far more conducive to
success.
How Population Change Non-Bullshit Innovation
Will Transform our
World By David Rowan
By Sarah Harper This selection of stories
plucked from Rowan’s
Harper’s analysis and wealth of meetings with
predictions work to the founders of startups
dispel myths about and large companies
unstoppable growth and alike combine to remind
environmental refugees. the reader and the
Instead, she considers industry that jargon-
the future demographic based innovation is
trends in fertility and not the way forward.
mortality. She concludes This book is a guide
that we must mitigate for people who want
against challenges that to adapt and thrive in
come with the growth the digital age through
of the population, and anecdotes and facts.
also plan for the impact
of climate change and
urbanisation.
17PlaceTech Trends 2019 BOOKS
The Big Nine: How the Factfulness: Ten
Tech Titans and their Reasons We’re
Thinking Machines Wrong About the
Could Warp Humanity World and Why
Things Are Better
By Amy Webb Than You Think
The analysis of what By Hans Rosling, Ola
Amazon, Google, Rosling, and Anna
Facebook, Tencent, Rosling Ronnlund
Baidu, Alibaba,
Microsoft, IBM, and Rosling and his long-
Apple are currently term collaborators
doing with AI becomes look at worrying
a lesson, or a warning, global trends, and
of how their work may why they aren’t as
create a dystopia rather terrifying as they first
than a utopia for most of seem. The book is
the world’s population. filled with statistics,
Webb looks at the way anecdotes and facts
the Big Nine may be that support his
inadvertently building argument that while
systems that don’t share overpopulation and
our hopes for the future inequality are worries,
of humanity. we should base our
worldview on facts
and focus on the
things that actually
threaten us the most.
Atomic Habits: An Easy High Frequency
and Proven Way to Change
Build Good Habits and
Break Bad Ones By Tom
Cheesewright
By James Clear
The wave of change
Clear looks at how that companies rode
miniscule changes to a in the 20th century
daily routine can have has since become
a compound effect and a series of smaller,
create a significant rapid waves instead.
change. He combines Cheesewright takes
the stories of CEOs and a retrospective look
other industry leaders at this shift and
with neuroscience and attempts to explain
psychology to explain what drives high-
so-called ‘atomic habits’ frequency change
and how something as and how to respond
simple as waking up five by changing how we
minutes earlier or doing run organisations.
two push ups a day can
drastically effect your
life.
18PlaceTech Trends 2019
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19PlaceTech Trends 2019
PlaceTech publishes news, analysis, guides and insight on the latest technology for
the property market.
We provide a platform for the proptech conversation to take place, exploring what proptech looks
like in practice and how best to make decisions that respond to today’s challenges.
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@paulunger
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