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Real estate tech companies continue to get hammered by high mortgage rates

From TechCrunch

By Christine Hall

September 17, 2023

Real estate tech companies continue to get hammered by high mortgage rates

Once valued at over $2 billion, rent-to-own startup Divvy Homes conducted its third round of layoffs in a year's time.

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Travis Kalanick’s robotics company raises $1.7B, led by a16z

Travis Kalanick’s robotics company raises $1.7B, led by a16z

Uber is also investing in Travis Kalanick's company Atoms, which has made gauzy claims about using industrial AI to modernize the world.

Jul 22, 2026

Arcee, a US open source AI lab, says Chinese models are not inherently dangerous

Arcee, a US open source AI lab, says Chinese models are not inherently dangerous

As Chinese AI models grow in capability and popularity among U.S. companies, the arguing over what should be done about them has reached a fever pitch.

Jul 22, 2026

Cascade raises $3.5M to help construction firms find and win projects

Cascade raises $3.5M to help construction firms find and win projects

a16z Speedrun, Ada Ventures, and Snowball VC have invested in Cascade's $3.5 million seed round.

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The browser wars aren’t about search anymore — here are the best alternatives to Chrome and Safari

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Course Hero, once an edtech unicorn valued at $3.6B, conducts layoffs

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Course Hero, a tutoring business last valued by investors at $3.6 billion, has cut 15% of staff, or 42 people — its first round of layoffs in 17 years, TechCrunch has learned from numerous sources. A spokesperson confirmed the layoffs, saying that “the layoffs are happening as a part of a strategic effort to set […]

Mar 16, 2023

Divvy Homes goes from $2B valuation to third round of layoffs in a year

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Divvy Homes, the rent-to-own startup that gained attention and investment from Tiger Global and other high-profile investors, is laying off 94 employees. The layoffs — its third round in the past year — represents the latest blow to the real estate tech company, as mortgage interest rates have continued to surge. The 94 employees are […]

Sep 11, 2023

RapidAPI, valued at $1 billion last year, cuts staff by 50%

RapidAPI, valued at $1 billion last year, cuts staff by 50%

Rapid (previously known as RapidAPI), a startup that built out an API marketplace valued at $1 billion last year, is cutting 50% of its staff TechCrunch has learned. According to an email to employees from CEO Marc Friend viewed by TechCrunch, the move is part of “a significant restructuring” in an effort to “right-size the […]

Apr 25, 2023

Most Recent

Travis Kalanick’s robotics company raises $1.7B, led by a16z

Travis Kalanick’s robotics company raises $1.7B, led by a16z

Uber is also investing in Travis Kalanick's company Atoms, which has made gauzy claims about using industrial AI to modernize the world.

Jul 22, 2026

Arcee, a US open source AI lab, says Chinese models are not inherently dangerous

Arcee, a US open source AI lab, says Chinese models are not inherently dangerous

As Chinese AI models grow in capability and popularity among U.S. companies, the arguing over what should be done about them has reached a fever pitch.

Jul 22, 2026

Cascade raises $3.5M to help construction firms find and win projects

Cascade raises $3.5M to help construction firms find and win projects

a16z Speedrun, Ada Ventures, and Snowball VC have invested in Cascade's $3.5 million seed round.

Jul 22, 2026

The browser wars aren’t about search anymore — here are the best alternatives to Chrome and Safari

The browser wars aren’t about search anymore — here are the best alternatives to Chrome and Safari

We’ve compiled an overview of some of the top alternative browsers available today aiming to challenge Chrome and Safari.

Jul 22, 2026

Similar Posts

A comprehensive list of 2025 tech layoffs

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A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024 and 2025.

Dec 22, 2025

Course Hero, once an edtech unicorn valued at $3.6B, conducts layoffs

Course Hero, once an edtech unicorn valued at $3.6B, conducts layoffs

Course Hero, a tutoring business last valued by investors at $3.6 billion, has cut 15% of staff, or 42 people — its first round of layoffs in 17 years, TechCrunch has learned from numerous sources. A spokesperson confirmed the layoffs, saying that “the layoffs are happening as a part of a strategic effort to set […]

Mar 16, 2023

Divvy Homes goes from $2B valuation to third round of layoffs in a year

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Divvy Homes, the rent-to-own startup that gained attention and investment from Tiger Global and other high-profile investors, is laying off 94 employees. The layoffs — its third round in the past year — represents the latest blow to the real estate tech company, as mortgage interest rates have continued to surge. The 94 employees are […]

Sep 11, 2023

RapidAPI, valued at $1 billion last year, cuts staff by 50%

RapidAPI, valued at $1 billion last year, cuts staff by 50%

Rapid (previously known as RapidAPI), a startup that built out an API marketplace valued at $1 billion last year, is cutting 50% of its staff TechCrunch has learned. According to an email to employees from CEO Marc Friend viewed by TechCrunch, the move is part of “a significant restructuring” in an effort to “right-size the […]

Apr 25, 2023