Last Thursday, our portfolio company Compass began trading publicly on the New York Stock Exchange (NYSE: $COMP). Congratulations to Robert Reffkin, Ori Allon, and the entire Compass team for this huge accomplishment!

As our first investment, Compass holds a special place in our heart. The company has been part of our herd since its initial Seed funding back in 2012. It has raised over $1.5B in funding, from Seed to Series G. Alpaca is proud at how far Compass has come while never straying from its vision for the future of real estate.

Why we invested

We have always believed…


A huge congratulations to Luke and the team at Latch for going public via a Tishman Speyer SPAC.

It has been a real pleasure to work with this crew. They grew from a hardware company to a wider, deeper services offering with literal access being the key to winning in the multi-family and now commercial arenas. The deep vision of the team to deliver a best-in-class transformational product, and their subsequent execution to exceed expectations on their product offering, have led them to this much deserved and earned success.

Our deep history with Latch

We met Luke and Thomas in…


A huge congratulations to Luke and the team at Latch for going public via a Tishman Speyer SPAC.

It has been a real pleasure to work with this crew. They grew from a hardware company to a wider, deeper services offering with literal access being the key to winning in the multi-family and now commercial arenas. The deep vision of the team to deliver a best-in-class transformational product, and their subsequent execution to exceed expectations on their product offering, have led them to this much deserved and earned success.

Our deep history with Latch

We met Luke and Thomas in…


Doorkee’s elevator pitch

Doorkee is an all-in-one digital platform offering landlords and tenants a modern solution to the antiquated rental process, eliminating stress and the need for high-commission brokers.

A match made in (VC) heaven

Doorkee fits squarely in all three of our focus areas: PropTech, Consumer, and Marketplaces. In addition, Corigin has had an existing thesis around real estate brokerage since our investment in Compass (December 2012). Specifically, we don’t believe the high commissions paid to brokers are on par with the amount of work and value provided. …


The future of commercial real estate is shifting. Everyone can see and feel it now, and even more, that it’ll be okay. But hidden among those big pronouncements about what those changes are, you’ll find a fascinating gap. They resemble the kind of roadside building someone would drive right past, without thinking twice about — let alone without thinking that it’s potentially key to the future of the way massive companies work.

***

Look, just so we’re all on the same page, the thinking around the near-future of commercial real estate outcomes is evolving every day. …


HQ

Los Angeles

Founders

Sly Lee, Isaac Castro Garcia, Maurcio Teran

Company Description

Emerge is a cross-reality presence company, building a platform that aims to enable more meaningful, engaging and diverse interactions in XR that brings us closer to the people we care about.

The Problem

Today’s technology limits our ability to connect with people to our senses of sight and sound. Applied to the software applications we use every day, even in VR you are limited by your keyboard, mouse and controller.

The Solution

A future where distance and time don’t stand in the way of feeling present. Emerge is starting with a consumer product that enables…


Written by Ryan Freedman and Daniel Fetner, November 2019

Earlier this year we wrote a blog post on Corigin’s Summer of Construction Tech. We were fortunate to have two MBA Associates, Shuni Liu & Tait Kaplan, join us for the summer as we conducted deep dives into four sub-sectors within Construction Technology. Those sectors were:

  • 3D Printing
  • Computer Vision
  • Construction Labor Marketplaces
  • Construction Equipment & Material Marketplaces

In order to educate ourselves on the technology landscape we interviewed over sixty experts and startups in this space. We found that innovation is starting to happen in use cases that need it…


HQ

New York

Founders

Thomas Kutzman, Chase Marsh

Company Description

Prevu is a tech-enabled residential brokerage that provides buyers with a 2% commission rebate. They are a “friend in the early miles and expert in the last mile.” Read their press release here.

The Problem

Residential real estate brokers still capture a ~6% commission on the purchase/sale of a home. Traditionally, the buyers’ agent and the sellers’ agent both receive 3%. However, over the past decade property information has been democratized. Consumers no longer need a broker to send them a curated list of properties, they can simply go online to a variety of websites and…


Written by Ryan Freedman and Daniel Fetner, January 2019

Real Estate Tokenization is one of the most popular (and controversial) themes in Real Estate Tech today. Over the past few months we met with eight emerging tokenization startups — all with their own unique models and visions. While the potential benefits of tokenization are enormous, we are still in very early days. We decided to write up our views on the space to provide thought leadership, and to help founders and other investors understand our viewpoint for potential collaboration. We welcome your thoughts, opinions and critiques. …

Ryan Freedman

Ryan Freedman, GP @AlpacaVC

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store