Leasing and asset management platform VTS has completed a $90-million Series D funding round, led by Brookfield Ventures, the technology arm of Brookfield Asset Management. It’s believed to be the largest venture financing in the history of commercial real estate software.
Other new investors include GLP and Tishman Speyer, both VTS customers, along with previous investor Fifth Wall. VTS had already raised more than $100 million.
“There’s no truer validation as a founder when your customers invest in your product,” said VTS co-founder and CEO Nick Romito (pictured). “We’re thrilled to welcome Brookfield Ventures and GLP as our partners, alongside return investor Fifth Wall, as we enter the next phase of growth.”
Co-founder Ryan Masiello said the funding round “signifies the clear shift that’s taking place in commercial real estate. Never before have we seen the world’s leading owners playing such a key role in driving transformation in our industry.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).