Property data and analytics company CoreLogic has announced a new partnership that “hits a sweet spot” for the business at just the right time, according to executive and head of product, Tim Jenner.
Through Taronga Ventures’ RealTechX program, CoreLogic will be backing emerging technology businesses in real estate.
Jenner provided context around CoreLogic’s motivation to get involved.
“The world’s moving fast from a tech and innovation perspective but it’s a flight to quality and start-ups have really taken a hit through COVID as investments are reined in,” he said.
“We have an ambitious acceleration strategy and have taken the view that we need to work not only with the best companies in the world to accelerate our growth, but also support the next generation of innovators and game changers for this sector. RealTechX enables us to do both.”
CoreLogic’s partnership with RealTechX enables the group to support and actively engage in helping prop tech start-ups succeed.
“CoreLogic is undoubtedly a market leader in real estate data, which we see as an essential element for the development and operation of superior assets into the future,” said Taronga Ventures managing partner Avi Naidu.
“Our vision for this platform is to bring together market leaders across the real estate sector to advance the state of technology and innovation across Asia.”
CoreLogic will be joining real estate corporates such as Dexus, CBRE, ISPT and PGIM Real Estate in the RealTechX partner network.
Julian Kezelman, RealTechX program director added, “Our RealTechX companies are set to benefit significantly from this CoreLogic partnership due to the unique data and insights generated by their innovative technologies.
“We are confident that CoreLogic and our participants will identify novel opportunities for bringing together their individual capabilities and data assets for the betterment of the sector.”