VTS is a leading commercial real estate (CRE) technology company that provides a unified SaaS platform connecting owners, operators, brokers, and tenants to streamline leasing, asset management, and tenant engagement.[1][2][3][4] The platform, including products like VTS Lease, VTS Market, VTS Activate (formerly VTS Rise), and VTS Data, delivers real-time data insights, predictive analytics, and workflow automation, managing over 13 billion square feet of global assets and capturing more than 60% of U.S. Class A office space.[1][2][3][5] Serving major clients like Blackstone, Brookfield Properties, and CBRE, VTS solves silos in CRE by enabling data-driven decisions that boost revenue, tenant retention, and operational efficiency, with reported revenue of $110.4M and strong growth evidenced by its 2023 Inc. 5000 debut.[1][2]
Founded in 2012 (with some sources noting 2011 or 2013 as key milestones for product launches), VTS emerged to revolutionize CRE leasing operations amid fragmented tools hindering collaboration.[1][3] The company started with what became VTS Lease in 2013, transforming manual processes into a digital platform.[2][3] Pivotal growth included acquisitions of Rise Buildings (March 2021) and Lane Technologies (October 2021), entering tenant experience tech, and a $125M Series E in September 2022 led by CBRE, solidifying its PropTech leadership.[2] Under CEO Nick Romito, VTS scaled to over 500 employees across New York HQ and other offices, building the industry's largest first-party data source.[2][3]
VTS rides the PropTech wave, digitizing a traditionally analog CRE industry valued for its trillion-dollar asset base, where data silos cost revenue amid rising demands for efficiency post-pandemic.[1][2][4][5] Timing aligns with AI adoption in real estate for predictive analytics and automation, amplified by market shifts like hybrid work influencing office/retail/industrial spaces.[2][5] Favorable forces include CRE's push for cloud-based solutions and tenant experience tech, with VTS influencing the ecosystem as the #1 SaaS provider—standardizing data across 60%+ of U.S. Class A offices and enabling partners like JLL/CBRE to optimize globally.[2][3][4] By centralizing people, processes, and AI, VTS accelerates industry transformation toward profitable, intelligent operations.[5]
VTS is poised to dominate CRE tech with its massive data moat and AI integrations, potentially expanding into multifamily/residential or global industrial amid urbanization trends.[1][2][5] Upcoming platform innovations, like enhanced VTS Activate and predictive tools, will shape its path, leveraging $125M+ funding for R&D amid PropTech consolidation.[2][5] Its influence may evolve from leasing leader to full-lifecycle CRE orchestrator, empowering stakeholders to unlock property value in smarter, faster markets—reinforcing its role as the unified force breaking CRE silos.[4][5]
VTS has raised $199.7M in total across 8 funding rounds.
VTS's investors include 75 & Sunny, Ben Huh, Dan Shapiro, Dharmesh Shah, Jeffrey Wilke, Adams Street Partners, Cloud Apps Capital Partners, Crosslink Capital, Emergence Capital, G2VP, Mayfield, Meritech Capital Partners.
VTS has raised $199.7M across 8 funding rounds. Most recently, it raised $90.0M Series D in May 2019.
