“Over the past two years, VTS has undergone a transformative evolution, shifting from a single-product company to a multi-product platform that serves every player in the ecosystem—from landlord to broker to tenant. This infusion of capital lets us double down there, allowing our customers to offer a completely tailored property experience to their tenants across their entire portfolios,”, CEO of VTS, said in a news release.
According to the release, the partnership will help VTS grow its platform, aiding in agency leasing and property management. In 2021, the platform executed over $31 billion of leases with over 2 billion square feet of assets added. BentallGreenOak, AmTrust, Brookfield Ventures and Insight Venture Partners were also involved in the funding.
“VTS is one of the most highly successful proptech companies in the history of our sector. Their proprietary technology has redefined how industry professionals lease and manage space,”, president and CEO of CBRE, said in the release. “Our investment in VTS is consistent with our strategy of partnering with exceptional companies that bring powerful resources to our clients and our people.
, chief strategy officer of VTS, said in the release. “As the industry races to modernize the office experience, integrating property management and leasing has never been more important, and our partnership with CBRE is an example of that coming to life in a material way.”