What Matters This Week - 1.21.23

Decarbonized Cement + PropTech1 #2

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

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Fundings:

• Sublime Systems, decarbonized cement tech, raised a $40M A round led by Lowercarbon.

• SunRoof, a Swedish resi Photovoltaics-roofing maker, raised a €13.5M extension round led by Klima.

• Splitero, a fintech helping homeowners access home equity, raised an $11.7M A round led by Fiat.

• Presso, dry cleaning kiosks for hotels and MF, raised an $8M Seed round led by Uncork.

• CREtelligent, a provider of CRE due diligence solutions, raised a $7.1M round.

• HotelRunner, a UK hospitality sales, management, and distribution SaaS, raised a $6.5M A round.

• Flow, a South African automated marketing API for agents, raised a $4.5M pre-A round led by Futuregrowth.

• Higharc, a home design platform, raised a $1.3M round from Simpson Strong-Tie.

• Dwello, a Dutch platform for resi investors, raised a €600K Seed round.

News:

• PropTech1 Ventures raises €44m for Fund II’s first close.

• A “U.S.-first” 2-story house 3d-printed in Houston. So . . . Can 3-D Printing Help Solve the Housing Crisis?

Articles:

• PropTech VCs and Principals Swoon Over Multifamily’s Predictability (CO).

• Rent-to-Own Startups Confront Rising Demand and Dwindling Values (CO).

• 3 Trends Driving PropTech Innovation—And What Other Businesses Can Learn.

• Metaverse Landlords Are Creating a New Class System.

• Contech Trends To Watch In 2023, by PropTech Connect.

• The Office Theory of Everything by Dror.

Listen:

• The building operator's role in decarbonization and digitization by Nexus.

Top-tech read of the week:

• Death of The Generalist Seed VC.

Proptech Twitter:

Sara Ledterman @saraledterman

Since I like data over opinion: -There are 6.2K contech startups -It is one of the most active sectors for investment. -Overall $28.1B in 1.4k companies -Most active investors - Shadow Ventures, Brick & Mortar, Fifth Wall, JLL Spark, Y comb, PlugnPlay, Tech Stars.... https://t.co/Zc8j8ike0b

Nichole Wischoff @NWischoff

Used to think there weren't enough startups building in the construction space given how few were "on the map". Realizing the bigger issue is that almost zero VC firms understand the space well enough to invest in it.

Some AI PropTech art:

Prompt: Calatrava, Neofuturistic, Night sky,Hyperrealism on DeepDream

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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.