What Matters This Week - 12.4.20
View's SPAC, CoStar + HomeSnap, and a big round for Flexe.
What Matters This Week is a summary of articles, news, and fundings that mattered this week in (mostly commercial) 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:
Flexe, an on-demand warehousing startup, raised a $70M C Round led by T Rowe Price.
Aurora Solar, a remote design and sales platform for solar, raised a $50m B round led by Iconiq.
Versatile, a crane-mounted video analysis tool for construction, raised a $20M Series A led by Insight Partners.
Obligo, and Israeli deposit alternative startup, raised a $15M round led by 10D.
InfoGrid, a smart building retrofit company, raised a $15M SeriesA led by Northzone.
SoilConnect, a fill dirt marketplace, raised a $3.25M round led by TIA and Heartland Ventures.
News:
CoStar is buying HomeSnap for $250M! (6.25x revenue multiple)
View smart glass is going public via a SPAC run by Cantor Fitzgerald.
Funds:
Looks like there is a new PropTech Fund in Russia.
Articles:
TechCrunch thinks now is a good time to launch a PropTech company.
Listen:
Nexus explores Google’s plan for smart buildings.
Thanks for reading! Our next members-only virtual happy hour will be TONIGHT December 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.