Friday, 10 July 2020

VC or PPP? Some proptech firms got both

Knotel has raised $560 million in venture capital since 2016. But when coronavirus hit, the flex-office provider received a PPP loan between $5 million and $10 million to retain employees. It wasn’t alone: at least two dozen proptech firms received funds through the CARES Act, according to an analysis of newly released data by The Real Deal. Among the beneficiaries is Homelight, an agent referral startup; the hospitality startup Domio; Selina, a hotel startup backed



source https://therealdeal.com/2020/07/10/vc-or-ppp-some-proptech-firms-got-both/

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