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Prop-Tech Unicorn VTS Expands into Toronto With Engineering Hub

  • The New York unicorn plans to hire 50 engineers by end-2020
  • Company has backing from Canada’s Brookfield Asset Management
Photographer: Brent Lewin/Bloomberg

VTS Inc, a U.S. property-tech unicorn, is expanding its Canadian operations with an engineering hub in Toronto.

The New York-based company plans to hire at least 50 staff by the end of 2020, taking advantage of the city’s deep pool of engineering talent and strong commercial real-estate customer base, according to Nick Romito, founder and chief executive officer of VTS. The company may also expand to Vancouver and Montreal.