What Matters This Week - 11.11.23
Huge hydrogen round and WeWork finally goes BK.
What Matters This Week - articles, news, and fundings that mattered this week in PropTech. No hype or marketing.
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Fundings:
Electric Hydrogen, a hydrogen energy startup, raised a $380M round led by Fortescue.
Summer, an STR ownership platform, raised a $68M A round led by QED.
Arch, an alt. investment software, raised a $20M A round led by Menlo.
Snaptrude, an AEC design platform, raised a $14M A round led by Accel.
Hello Watt, a French resi energy mgmt app, raised a €12M round.
LXA, a Singaporean mortgage platform, raised a $10M Seed round led by NEA.
Raus, a German cabin STR operator, raised an €8.5M round led by ROCH.
Raise Robotics, a hoisting robot provider, raised a $4.1M round.
Mogul, a fractional investing startup, raised a $3.6M Seed round led by AY.
Ensol, a French resi solar provider, raised a €3M Seed round led by Otium.
Legria, a Chilean fractional home inv. startup, raised a $3M round led by Ameris.
CloudRig, a construction mgmt SaaS, raised a $2.5M round.
Fyma, an Estonian CRE occupancy platform, raised a $2.1M round led by Quadri.
Audience Town, a resi MarTech startup, raised a $2M round.
Nester, a Spanish MF PMS, raised a €1.2M round led by Successful.
GetSetHome, an Indian co-living platform, raised a $1M Seed round from Mistry.
Boldr, a British resi heat mgmt platform, raised a £980K Seed round.
Ventive, a British ventilation system provider, raised a £916K round led by EMV.
Welmo, a French online resi agency, raised an €833K Crowdfunding round.
Operance, a British building handover info app, raised a £750K round led by NPIF.
SensorSuite, a Canadian building controls provider, raised a round from HVI.
1Komma5°, a German resi renewable energy platform, raised a round led by 2150.
Beck, a pre-construction mgmt platform, raised a round from Pamlico.
News:
WeWork filed for bankrupcy, and here’s the timeline of their rise and fall.
US Gov invests $2B for lower-carbon construction at federal buildings.
Articles:
Long read:
PitchBook’s Q3 2023 VC Valuations Report.
Top-tech reads of the week:
Top 10 Trends for Data in 2024, by Tomasz Tunguz.
Thanks for reading! If you think I missed something important, send me a note and I’ll get it in next week’s edition.