Article: Simon Thomsen, Startup Daily, 4 February 2021

Real estate technology investor Taronga Ventures has singled out 10 ‘realtech’ startups for its second RealTechX innovation program. 

RealTechX launched last year to support emerging technology startups in the real estate sector and broader built environment and has already attracted more than 300 applications from 25 countries hoping to take part in the program.

This year’s startups focus on energy sustainability, digital visualisation, industry data platforms, novel construction and asset  management solutions.

RealTechX program director Julian Kezelman said the ideas in the new cohort showed depth and unique solutions.

“It is clear that the realtech sector is coming of age – moving beyond simple apps and platforms that optimise existing practices to genuinely transformational technologies,” he said.

Taronga Ventures managing partner Avi Naidu said the property sector was embracing the need for innovation after 2020’s disruption.

“The Covid-19 period has caused dramatic shifts in the real estate sector, driving owners and operators of assets to reimagine how buildings will be used in the future,” he said.

“Real estate executives are now convinced that innovation and technology has a central role to play in building robust and differentiated portfolios.”

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