What Matters This Week - articles, news, and fundings that mattered this week in PropTech. No hype or marketing.
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Fundings:
Renew Home, a load-shifting thermostat service, raised a $100M round from SIP.
Stayntouch, a hotel PMS, raised a $48M round from Sixth Street.
Ecoworks, a German MF carbon platform, raised a €40M A round led by World Fund.
Origin AI, a WiFi sensing provider, raised a $15.9M B extension led by Verisure.
Tetra, an energy-efficient resi HVAC installer, raised a $10.5M Seed round.
ValueBase, an RE valuation SaaS , raised a $6.29M round.
Prevu, a tech-enabled resi brokerage, raised a $6M A round.
Minut, Swedish STR IoT monitoring, raised a $5M B extension from Smedvig.
Stairs Financial, a home mortgage marketplace, raised a $3.5M round led by Zigg.
NeoCarbon, a German carbon capture startup, raised a €3.2M Seed led by RAISE.
Montamo, a German heat-pump system for migrants, raised a €2.1M round.
Housr, a British student housing mgmt platform, raised a £1.5M round.
Aliste, an Indian smart home platform, raised a $1M round led by YourNest.
Propflo, a British resi energy retrofit platform, raised a £860K round from Innovation UK.
ObraLink, a Chilean project mgmt ConTech, raised a $500K round from Polpaico.
Rossetta Risk Management, a British construction risk tool, raised a Seed round from Howden.
Autarc, a German heat pump OS, raised a Pre-Seed round led by PT1.
WeMaintain, a French CRE maintenance startup, raised a round from MTR Lab.
News:
SIP announced merger of Google Nest Renew and OhmConnect into Renew Home.
Jerry Jones’s firm Blue Star bought Pi Labs’ stake in OfficeRnD.
UK-based STR brands Veeve and UnderTheDoorMat announced merger.
New Legislation Proposes to Take Wall Street Out of the Housing Market. (NYT)
Articles:
Real Estate & AI: Ten Predictions by Dror Poleg.
Norway’s PropTech Firms Look to Forge New Business Lines in the U.S.
Top-tech reads of the week:
Who’s afraid of Chat-GPT: via Chartr
Thanks for reading! If you think I missed something important, send me a note and I’ll get it in next week’s edition.