Proptech Startups Struggle in Real Estate
This is a news story, published by TechCrunch, that relates primarily to Divvy Homes news.
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•Once high-flying proptech startups Divvy Homes and EasyKnock are the latest to struggle | TechCrunch
80% Informative
Rent-to-own proptech startup Divvy Homes is being acquired in a fire sale by Maymont Homes .
EasyKnock , a startup that billed itself as the first tech-enabled residential sale-leaseback provider, was founded in 2016 .
The Federal Reserve began raising interest rates in 2022 on a mission to curb inflation.
The once-buzzy startup had raised $700 million in debt and equity from well-known investors.
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