PropTech

Fifth Wall has just raised over £700mn for the world's biggest ever proptech investment fund, taking the heavyweight-backed VC's total capital under management to around US$3.2bn.

Subscribers can now easily access LonRes data on the move.

London landowner and international property investor Grosvenor has taken a stake in Pupil, a spatial data company that digitally maps the built world.

"The launch of OnTheMarket Software will strengthen our position as a software solutions provider for our agents," says OTM chief Jason Tebb.

Modulous aims "to help developers, architects and contractors build net-zero modular homes without a factory."

Credit intelligence company Pepper Advantage has followed the likes of Mischon de Reya, Savills and Knight Frank in backing risk management service Thirdfort.

A new three-year strategy aims to "create a homebuying process of the future that is quicker, more efficient and more user friendly."

Virtual land prices have tumbled by an average of 66% since January, while the volume of metaverse real estate being traded has tanked by 97% from its November peak.

A trio of major estate agencies have invested in anti-money-laundering platform Thirdfort.

Property portal Zoopla is rolling out a Progression Portal to make it easier for estate agents to track deals - and potentially to make some extra money on the side.

"The real estate industry is the single-most contributed industry to climate change," says venture capital boss. "It's the culprit that was hiding in plain sight."

PLP Architecture is creating 5,000 Non-Fungible Tokens based around a virtual concept building, in an effort to "investigate where they can add value and cross over the digital boundary".