What Matters This Week - 12.17.22

$860M for Fifth Wall and a big round for Mews

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

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Fundings:

• Mews, a UK end-to-end PMS for hoteliers, raised a $185M C round led by Kinnevik and Goldman Sachs.

• Econic, a Dutch home electrification service, raised a €125M Debt and Equity round.

• Nesto, a Canadian mortgage platform, raised an $80M C round led by IGM.

• Sun King, a provider of solar solutions for off-grid homes, raised a $70M D round extension led by LeapFrog.

• Tepeo, a UK developer of a low carbon heater, raised a $13M A round led by BGF.

• Stavvy, a digital mortgage vendor platform, raised a $10M Debt round.

• Nodalview, a Belgian mobile app for home listing visuals, raised a €4M round.

• Lastro, a Brazilian commercial PMS, raised a $4M Seed Round led by Canary.

• Rithum, a UK lightswitch for smart home control, raised a £250K Seed round led by Jenson.

News:

• Fifth Wall raised $866M for third PropTech VC fund.

• Foundamental closed $85M fund for early-stage ConTech.

• Venture Capital Funding for PropTech Drops Sharply in 2022 (CO).

• Linux Foundation Announces Overture Maps Foundation.

• KB Homes tests the market for climate-conscious homes.

• Zillow Group acquires RE marketing company VRX Media.

Articles:

• A Look Into Construction Tech by Equal Ventures.

• The Role of the Network Manager (in Smart Buildings), by Nexus.

• The Intersection of ConTech and FinTech, by Alpaca VC.

• Becoming a chatbot: my life as a real estate AI’s human backup.

• 7 great gifts for smart home smarties.

• RE Skeptical Of Crypto. Blockchain Is Where The ‘Real Value Lies’ (Bisnow)

• BuiltWorlds 2022 Venture Investors 50.

Long read:

• CRETI’s 2022 PropTech Venture Capital Report.

PropTech Twitter:

Zain Jaffer @zainjaffer

Was explaining the FTX madness to some old-school Real Estate folks I know: Imagine transferring your tenants security deposits to another company you own and then making wild crypto bets with that money. This sounds incredulous. Response was - “why isn’t he in jail?”

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