What Mattered This Year - 2022

Another dynamic and interesting year in PropTech

Normally, What Matters This Week is a quick summary of articles, news, and fundings that mattered this week in PropTech. No hype or marketing. This week, we are adding details on the most important stories and fundings from all of 2022.

I apologize for the length of this version of the weekly update but I always enjoy these year-end summaries.

If you’d like to join the community, you can here.

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Let’s start with this week’s details and then post the annual stuff below . . .

Fundings:

• YapiRadar, a Turkish construction procurement marketplace, raised a $1.8M Seed round.

News:

• RXR abandons plan for $345M proptech SPAC.

Articles:

• PropTech’s Top Trends and Events in 2022, by Commercial Observer.

• Prediction: In 2023, We’ll See a Shakeout In Late-Stage PropTech Startups.

• The Potential Immediate Future for PropTech.

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Most Popular Fundings from 2022: (This year, we tracked $23,765,635,808 in total PropTech Fundings! Who raised $8?)

1. Ember, a vacation home co-ownership platform, raised a $17.4M round led by Peter Thiel.

2. HouseCall, a resi services management platform, raised a $125M equity and debt round led by Permira.

3. Flow, a MF housing company . . . of some sort, received a $350M investment from a16z.

4. Built Technologies, a platform for construction lending and spending, raised a $23.6M round.

5. ADT, a home security company, raised a $1.5B Equity Investment from State Farm and Google.

6. Span.io, a resi smart electric panel platform, raised a $90M B round co-led by Fifth Wall and Wellington.

7. Kindred, a members-only home swapping company, raised a $7.5M seed round led by Andreessen Horowitz.

8. Alfred, a tech-enabled property management platform, raised a $125M round.

9. Paymints.io, a white-label SaaS for RE transactions, raised a $3M round.

10. Foxen, a property management software, raised a $44M A Round led by Summit Partners.

Most Popular Funds or Commitments:

1. Urban Innovation Fund has raised $121M for second fund.

2. Tishman closed on $100M for PropTech.

3. CREDAI and Venture Catalysts set up $100M PropTech fund.

4. Fairstead plans $100M in PropTech investments.

5. Fifth Wall raised $866M for third PropTech VC fund.

6. Nuveen’s $15B Impact investing sector launched.

7. Fifth Wall announced more $ for climate.

8. 1Sharpe Ventures closed a $90M inaugural fund.

9. GI Partners closed $1.45B that is partially for CRETech.

10. Foundamental closed $85M fund for early-stage ConTech.

Most Popular Exits:

1. MRI to acquire PropTech Group for $93.4M.

2. RealPage agreed to buy Knock (the CRM).

3. PropTech SPAC withdraws $100 million IPO.

4. Another PropTech SPAC was cancelled.

5. Fifth Wall withdrew registration for a $150m SPAC.

6. Measurabl acquires WegoWise from AppFolio.

7. Appreciate completes their SPAC.

8. HappyCo acquires YuHu.

9. Alpine Investors acquired AirDNA.

10. MRI Software acquired Angus Systems.

Most Popular News:

1. VCs pause on PropTech investing.

2. Reali to shut down after raising $100M one year ago.

3. Proptech VC funding for Q1 is over $4B

4. Check out the first Co-Living REIT.

5. Public RE Startups Shed Over $42B In Value.

6. JPMorgan Launching MF Rent Platform.

7. Wander launches vacation home rental REIT.

8. CoStar Sues Crexi . . . again (GlobeSt).

Most Popular Articles:

1. The 30 Most Powerful People in CRE PropTech.

2. 21 most promising PropTech startups of 2022, according to VCs (Insider).

3. The housing market slowdown, explained in 7 charts.

4. PropTech getting battered by a mix of Tech and Housing market-busts (BI).

5. 5 Companies Shaping the Future of Smart Real Estate (by AngelList).

6. TechCrunch has a profile on “The Anti Adam Neumann.”

7. Where PropTech Meets Affordable Housing.

8. Real estate-focused fintech startups feel the heat.

9. 21 RE startups to bet your career on in 2023 (Insider $$).

10. The Great SPAC attack in PropTech retreats.

Most Popular Tech reads:

1. How founders decide to pay themselves.

2. Seed stage is doing just fine.

3. The Math Behind Starting a Successful Software Startup, by Tomasz Tunguz.

4. Why It’s Time To Invest In Early-Stage VC.

5. U.S. Office properties at risk of complete obsolescence.

6. The 4 startup states during a Recession.

7. VCs to Tech Startups: Embrace the Downturn.

8. For tech startups, the party is over.

9. Bessemer launched a DAO. ($)

10. Becoming a chatbot: my life as a real estate AI’s human backup.

Most Popular Long reads:

1. Salaries in PropTech, by LMRE and Fifth Wall.

2. Investors Regaining Upper Hand Over Silicon Valley Startups (WSJ).

3. Decarbonizing the Built World.

4. Litera’s Real Estate Technology & PropTech Report.

5. MetaProp’s Mid-Year 2022 Global PropTech Confidence Index.

6. The Future of the Home (by CBInsights).

7. Blockchain and the built environment by ARUP.

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Finally, let’s look at the most popular articles we published that were for paid subscribers only:

PropTech in a Recession

Announcing the PropTech Power List - Company Edition

Announcing the PropTech Power List - PEOPLE Edition

PropTech Red Flags

Hospitality is Eating Real Estate

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Thanks for reading! I appreciate all your time and attention this year and look forward to next year.

If you have any ideas for content or topics, send them my way and I’ll see what I can do.