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§ Private Profile · New York City, NY, USA
VTS is a technology company.
VTS provides a comprehensive SaaS platform for commercial real estate (CRE), centralizing leasing, asset management, and tenant experience. Its integrated solution streamlines deal management, marketing, and real-time data analytics. Leveraging artificial intelligence, VTS includes AI-powered lease abstraction and automated work order processing, effectively unifying disparate property functions for efficiency.
Nicholas Romito co-founded VTS in April 2011. The company emerged from recognizing CRE's inefficiencies: costly operational silos and reliance on fragmented data for strategic decisions. Founders aimed to establish a unified platform, fostering collaboration and delivering predictive insights to transform property management and leasing practices.
VTS serves property owners, operators, brokers, and tenants across office, retail, industrial, and multifamily sectors. Its mission unifies these stakeholders, empowering them to maximize opportunities within their real estate portfolios. By integrating people, processes, and AI, VTS enables the industry to make strategic decisions with enhanced speed and profitability.
VTS has raised $481.7M across 11 funding rounds.
Key people at VTS.
VTS was founded in 2012 by Ryan Masiello (Founder) and Nicholas Romito (Founder and CEO) and Brandon Weber (CoFounder and Advisor) and Niall Smart (CTO & Co-Founder).
VTS has raised $481.7M in total across 11 funding rounds.
VTS has raised $481.7M across 11 funding rounds. Most recently, it raised $125.0M Series E in September 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 1, 2011 | BridgeLux | $60.0M Series E | Kevin Wall | VantagePoint Capital Partners, DCM, EL Dorado Ventures, Harris & Harris Group, Invus, Novus Energy Partners, Passport Capital |
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]
Key people at VTS.
VTS was founded in 2012 by Ryan Masiello (Founder) and Nicholas Romito (Founder and CEO) and Brandon Weber (CoFounder and Advisor) and Niall Smart (CTO & Co-Founder).
VTS has raised $481.7M in total across 11 funding rounds.
VTS's investors include Bob Sulentic, AmTrust, Sonny Kalsi, Brookfield Technology Partners, Insight Partners, Caroline Tkatschow, Josh Raffaelli, 75 & Sunny, Ben Huh, Dan Shapiro, Dharmesh Shah, Jeffrey Wilke.