What Matters This Week - 12.3.22

A successful SPAC and big coworking deal.

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

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Fundings:

• Table Space, an operator of coworking spaces, raised a $300M round from Hillhouse.

• Wander.com, a network of smart vacation homes, received a $100M Credit Facility from Credit Suisse.

• Plant Prefab, a prefab homebuilder, raised a $42M equity and debt round led by Gerdau.

• Spot AI, a CCTV AI analytics startup, raised a $40M B round led by Scale.

• Saltbox, a coworking and co-warehousing startup, raised a $35M B round co-led by Cox and Pendulum.

• GoExpedi, a supply chain analytics provider for construction, raised a $33M round.

• ResortPass, a platform for buying day passes at resorts, raised a $26M B round co-led by Declaration and 14W.

• Rive, a Finnish resi transaction platform, raised a €23M A round led by IDC.

• Giraffe360, a UK maker of a camera for virtual touring, raised a $22M A and Debt round led by Founders Fund.

• Stellar, a maintenance contractor marketplace for SFR and MF, raised a $20M B round led by Weatherford.

• Blox, an Indian resi buying platform , raised a $12M A round.

• Prophia, a lease abstraction and CRE data analytics platform, raised a $10.2M A round led by Cercano.

• Homesfy, an Indian homebuying platform, raised a $1.1M round.

• EcoSync, a UK room-by-room heating solutions provider for CRE, raised a ‘nearly £1M Seed round.

• 123Projetei, a Brazilian architectural and engineering design platform, raised a $760K round led by Investidores.vc.

• Brik, an Indonesian construction material aggregator, raised a $250K Pre-seed round from Accel Atoms.

News:

• Hyundai enters resi solar market.

• Appreciate completes their SPAC.

• Airbnb is helping find renters an apartment so they can Airbnb it.

• 3 investors explain why they’re bullish on tech that makes buildings greener (TC+).

• ICON awarded $57.2M NASA contract for lunar construction tech.

Articles:

• AirBnB’s Double Disruption by Dror.

Top-tech read of the week:

• The Lifecycle of Uncomfortable Tech by NfX.

PropTech Twitter:

Ajey Kaushal @ajeykaushal

B2B SaaS has been the darling of the VC world but even PropTech has over-indexed in it. True PropTech innovation can’t come from B2B SaaS. It has to be a blend of game changing hardware, process, IP, and team, which typical VCs struggle to underwrite and even more so to diligence

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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.