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VTS raises $90M Series D

Brookfield Ventures and GLP led the round at a $1 billion valuation

CEO Nick Romito (L) and former executive Brandon Weber (R)
(Credit: Sasha Maslove/ Commercial Observer)

VTS has raised a $90 million Series D round at a $1 billion valuation led by Brookfield Ventures and GLP, according to a company press release. The leasing and asset management platform has now raised a whopping $197 million to date.

Sound Smart: This continues the trend of major owners and developers venturing further into direct tech investments. Industry leaders continue to believe that they are the best judges of viable disruptive technologies. 

Worth Noting: The funding will help support a new online leasing marketplacethat VTS plans on launching this year. 

Flashback: The startup was founded in 2012 and merged with their competitor Hightower in 2016. Hightower’s Brandon Weber stepped aside this September, giving CEO Nick Romito full control.

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