Cambio, a startup that has built AI-powered commercial real estate software for institutional investors, has raised $18 million in a Series A round at a $100 million valuation, it tells Crunchbase News exclusively. Maverick Ventures led the financing, which included participation from Y Combinator, Adverb and angel investors from OpenAI, Anthropic and Notion, among others. Founded in 2022 by former institutional commercial real estate operators Leia de Guzman and Stephanie Grayson, Cambio has now raised a total of $22 million. It participated in Y Combinator's summer 2022 cohort and then went into 'R&D mode.' The San Francisco-based company launched its offering at the end of 2023, and de Guzman claims it has since seen 'rapid adoption' across enterprise customers and geographies ' scaling to 35 countries and to more than 2 billion square feet in assets. It recently opened a London office to support EU and APAC growth. Put simply, Cambio uses large language models and agentic artificial intelligence workflows to turn 'messy building data into investor-grade decisions and reporting.' And it claims to do so within minutes....
CEO Malte Kramer founded the Austin, Texas-based company after meeting luxury real estate agent Jade Mills, who claims to have helped facilitate $9 billion in sales over the course of her decades-long career. Kramer said he was so struck by Mills' 'burden of outdated tools' that he set out to build Luxury Presence, which he describes as 'a growth platform that drives how high-end agents, teams, and brokerages generate, nurture, and uncover new and repeat business.' The platform helps agents build premium, branded websites and provides them with advanced marketing tools. The startup is now gearing up for the February release of a new product called Presence CRM, which Kramer describes as an AI-powered relationship engine that aims to find 'hidden deals' in real estate agents' networks. Luxury Presence's client base has more than 17,000 real estate businesses, comprising more than 87,000 real estate agents. The company projects ARR growth of 40% for 2025, and is nearly profitable, according to Kramer....
The fund will pursue a value-add strategy, focusing on data centres, logistics, residential, and hospitality assets. Goldman is aiming for a first close by the end of March, according to people familiar with the matter cited in a Bloomberg report. Japan has drawn sustained interest from global real estate investors due to comparatively low borrowing costs and a weak yen, which has boosted returns for dollar-based funds. Investment volumes in the country rose sharply in 2025, outpacing many other developed markets. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....
When interest rates were low, the amount of venture capital dollars flowing into the real estate technology space was high. The inverse of that is also proving to be true. As interest rates climbed in recent years, funding to the space plunged. But now in 2025, as rates have started to lower somewhat, venture dollars raised by real estate tech, or proptech, startups are inching upwards slightly compared to recent years. Capital is largely going to companies that either sit inside core workflows around payments, closings and procurement, or deliver explicit ROI via automation and artificial intelligence. But tech-enabled homebuilders are getting a piece of the pie, too. The broad trend: Even before the pandemic-fueled funding peaks, proptech startups received more than double the amount of venture funding in 2019 than they have in more recent years. While investors haven't given up on proptech, funding to startups in the space is only slightly higher in 2025, and deal count is at a multiyear record low....
