What Matters This Week - 1.14.23

Tons of M&A this week

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

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Fundings:

• Enpal, a German resi photovoltaics leasing firm, raised a $230M D round led by TPG.

• Kiavi, a platform providing loans to RE investors, raised a $158M Debt round.

• Qvantum, a Swedish maker of heat-pump systems and technology, raised a €42M round led by IMAS.

• Fractal Homes, a UK fractional home ownership platform, raised a $30M Debt and Seed round led by White Star.

• Welcome Homes, a luxury homebuilding platform, raised a $29M A round led by Era.

• Linhuiba, a Chinese B2B event space platform, raised a $10.2M round led by Oriental.

• Brick&Bolt, an Indian provider of a custom-built homes platform, raised a $10M round co-led by Accel and Celesta.

• Habi, a Colombian resi buying and selling platform, received a $6.3M Credit Facility from Bancóldex.

• Pulppo, a Mexican tech-enabled resi brokerage, raised a $5M round led by DAAL.

• Soil Connect, a marketplace for dirt in construction, raised a $5.6M round.

• Measurable.energy, a UK developer of smart power sockets, raised a £4.5M A round.

• Zavvie, a SaaS platform for resi brokers, raised a $3.65M round led by Second Century.

• Rentdrop, a rent payment/collection app, raised a $3M round.

• Trezi, an Indian VR design platform for AEC, raised a $2M A round co-led by World V and YourNest.

• Mero, a Canadian commercial building sensor and analytics company, received a $1.1M grant from the Government of Canada.

• Student Rents, a UK SaaS platform connecting students with rental properties, raised a £463K+ Equity Crowdsourcing round.

News:

• Lessen acquired SMS Assist for $950M.

• Co-living companies Common and Habyt merge.

• Fort Point Capital acquired vacation rental management platform ROX360.

• Pagaya acquired RE investment management platform Darwin Homes.

• Buildout acquired CRE visual media solutions company Oval Room.

• Sealed acquires data software company InfiSense.

• A roundup of all the new Matter devices announced at CES 2023.

Articles:

• PropTech Companies Need To Get Better at Pitching in 2023.

• The 2022 State of PropTech Hiring — and of the Industry, by GlobeSt.

• The Broken Promises of PropTech. ($)

Top-tech read of the week:

• Why the Matter logo was everywhere at CES 2023.

PropTech Twitter:

Matthew Gottesdiener @MRossG199

Proptech startups that charge per unit reoccurring SaaS fees and promise either amorphous process efficiency improvements or worse, data-driven operating insights are going to have an incredibly hard time generating new business in 2023.

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