What Matters This Week - 1.23.21
We definitely need another SPAC
What Matters This Week is a summary of articles, news, and fundings that mattered this week in Property Technology. It cuts through the hype and marketing that assaults our inboxes.
WMTW is part of our free offerings to all guests of the Vertical Network. Paid members also have access to premium content (fund information, private articles, research synthesis), a private Slack community, monthly Happy Hour, and other exclusive events.
If you’d like to join the community and be part of the conversation, join here.
If not, no worries. Read on and feel free to forward this!
On to this week’s deals and data:
Fundings:
OwnUp, a resi mortgage marketplace, raised a $12M round led by Brand Foundry Ventures.
Swapp, a construction planning startup, raised a $7M round from Point72 and Entree Capital.
TraceAir, a construction errors via drone startup, raised a $3.5M Series A led by XTX Ventures.
Articles:
McKinsey discusses the construction industry’s move to platform-based technology.
News:
Fifth Wall made its SPAC official at a $250M target.
Thanks for reading! Our next members-only virtual happy hour will be Thursday February 4th at 7 EST/4 PT. If you want to join, shoot me a note and I’ll get you on the invitation!
If you learned something from this newsletter, please send it to a friend. If not, send it to someone you hate and help me clog their inbox.
If you have any financings, articles, or suggestions for me, please reply to this newsletter and tell me what’s shaking.