What Matters This Week - 1.13.24

Funding & M&A picking back up

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

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Fundings:

• Ninedot, a community energy system, raised a $225M round from Manulife & Carlyle.

• Overmoon, a vacation rental startup, has raised $80M Debt and Equity since 2021.

• 120Water, a water management software, raised a $43M round led by Edison.

• Downpayments, an ‘interest-free’ resi fintech, raised a $32.8M Debt and Equity round from SCV.

• Cactos, a Finnish energy storage developer, raised a €26M round.

• Requity Homes, Canadian rent-to-own platform, raised a $26M round led by Highline.

• Blue Frontier, a sustainable commercial AC developer , raised a $16.9M round.

• Tractis, a construction management SaaS, raised a $9.1M Debt round.

• Einwert, a German property valuation platform, raised a €4M Seed fromVentech.

• Tibo, a Dutch energy mgmt system, raised a €3M Seed round led by SET.

• Furbnow, British resi energy retrofit, raised a £950k Pre-Seed and Grant round.

News:

• Operto agreed to acquire Dack.

• Clever RE acquired Gravy Technologies.

• M Group acquired British AgilityEco.

• AirDNA acquired Uplisting.

• HqO acquired smart building platform Symbiosy.

• STR marketplace Here shut down.

• NAR President Kasper resigns following blackmail threat.

• Indian wearable startup Ultrahuman announced a tracker for home ‘health’.

Articles:

• How to get people to kick fossil fuels out of their homes.

• Robots are solving construction’s challenges, including a workforce shortage.

• Why Is America Still Falling Short on Affordable Housing?

• Wall Street fell for build-to-rent during the pandemic. ‘That honeymoon is over.”

Long reads:

• 2023 Thomvest Housing Report.

• Q4 2023 PitchBook-NVCA Venture Monitor First Look.

Listen:

• Stuff You Should Know: How Cranes Work.

Top-tech read of the week:

• CES 2024: Everything revealed so far.

Check this out:

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