What Matters This Week - 10.22.22

Big round for an OTA, a bloodbath in public PropTech, and it's all Yieldstar's fault!

What Matters This Week - articles, news, and fundings that mattered this week in PropTech. No hype or marketing.

WMTW is free but subscribers also have access to premium content, a private Slack community, and exclusive events.

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

---

Quick reminder - We are having our last happy hour of the year this coming Thursday in Atlanta. If you want the invite, shoot me a note and I’ll see you there!

Fundings:

• Holidu, a Munich-based vacation rental OTA, raised a €100M Debt and E round led by 83North.

• H2 Green Steel, a Swedish decarbonized steel maker, raised a €70M B round extension co-led by AMF, GIC and Schaeffler.

• Landis, a resi rental startup that helps renters get mortgages, raised a $40M B round led by GV.

• Volpi, a Brazil-based resi financing platform, raised a $30M round from RBR.

• GlobalFair, a construction materials procurement platform, raised a $20M Debt and A round led by Lightspeed.

• Breezeway, a vacation rental cleaning & management platform, raised a $15M B round led by Catalyst

• Safely, a provider of STR insurance and guest screening, raised a $12M Venture and Debt round led by LAGOS.

• Parity, a Canadian MF HVAC management platform, raised a $5.7M round co-led by Wyse Meter and RET.

• PropertyScout, a Thai resi transaction platform, raised a $5M A round led by Altara.

• Perch, a Canadian data-driven resi brokerage, raised a $4M A round.

• Aryeo, an RE photography and marketing platform, raised a $3.5M Seed round led by Hyperplane.

• Pinktada, a blockchain-enabled hotel reservation platform, raised a $975K Seed round.

News:

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

• Wander launches vacation home rental REIT.

• Amazon launches a home insurance comparison site in the UK.

Articles:

• How YieldStar may be “artificially inflating rent prices.”

• The 30 Most Powerful People in CRE PropTech.

• What Simon Property Group’s latest move says about the future of malls.

Long read:

• State of AI Report 2022.

Check this out:

---

Thanks for reading! If you think I missed something important, send me a note and I’ll get it in next week’s edition.