View the Space continues to attract blue chip investors, including Blackstone Investment Unit. We had the honor of chatting with founder and CEO, Nick Romito to discuss the big news. Read about Blackstone’s $3.3 million stake in VTS here or here.
Both VTS and Nick were winners in our 2014 Real Estate Tech Awards:
Best CRE Tech Mobile Apps of 2014
Most Innovative CRE Tech CEO/Entrepreneur
The relationship originally started through Equity Office Properties which is owned by Blackstone. EOP was one of the early adopters of VTS and quickly rolled out the platform in New York, Boston, and other markets. While using our product to manage the leasing for a few different markets they started to look at the greater CRE Tech space with the belief that one platform would be the new standard for landlords and brokers. Their feeling was that there was clearly a void that needed to be filled around real-time data and that one single platform would help drive endless efficiencies to everyone in the space, a platform that could connect this very decentralized market. They then began digging into VTS and a few other platforms for the one they believed to be the future.
They invested $3.3 Million
VTS is 47 people today and we're looking double in size by the end of the year. We now have 5 offices nationally and have over 5,000 users currently on the platform with over 1 billion square feet being managed by the top landlords and brokerage firms in the world.
We're constantly evolving and pushing out new products for our users. We're a few weeks from relaunching the entire platform and that is really our focus right now. With that comes a ton of new functionality, a sexy look and feel, and lots of other bells and whistles. We've also just officially made the switch from View The Space to VTS. The URL is now VTS.com and there's a new experience there as well. I would definitely recommend checking it out!
We're not right now but we're also in the middle of some additional growth planning so we'll see...
