Newmark Knight Frank led the round
Property software startup Workframe raised $9.5 million in a Series B round led by Newmark Knight Frank, according to a company press release.
What they do: The online platform allows for tenants and office landlords to communicate with each other easily. For example, tenants can discuss interior construction work.
Takeaway: As VC’s continue to pour money into CRE ventures, the best investments will be in companies that solve real market problems. Those who fail to recognize the limits of technology won’t succeed.
Message to Entrepreneurs: Simply applying technology to anything real estate related will not breed success. The key is understanding the nuances of the business.