Chera family fails to raise cash for Brivo proptech merger

One of New York City’s biggest retail landlords has come up short in an effort to invest in protech company Brivo, a maker of card-swipe and other keyless-entry technology. The Chera family had targeted the Nevada-based firm to combine with its own special purpose acquisition company, or SPAC, but missed a July 9 deadline to consummate the merger. Crown Proptech Acquisitions, led by CEO Richard Chera, failed to drum up the necessary cash, according to