How To Raise $36 Million In The Middle Of A Pandemic
I’m a strong believer - as we’ve explored several times over the past few months – that the current COVID-19 pandemic, though devastating for society and the economy, is motivating real estate industry stakeholders to fully embrace proptech and the value it can deliver now and for the future. It’s not surprising that, in all this doom and gloom, startups providing this value are getting the opportunity to shine. Last week, LA-based proptech startup Openpath (a firm favorite of this column) announced it had just closed a $36 million Series C round led by Greycroft Ventures. I sat down virtually with Openpath co-founders and respectively President and CEO James Segil and Alex Kazerani, as well Mark Terbeek, Partner at Greycroft to discuss how (and why) it all happened.