What Matters This Week - 1.8.21
Happy New Year
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!
Sorry for being MIA the last couple weeks. The holidays swept me up but now I’m back! Anything happening around the US this week?
On to the past couple week’s deals and data:
Fundings:
iLobby raised $100M led by Insight Partners.
Qualia, a home-closing startup, raised $65M led by Tiger Global.
ApartmentList, and ILS for . . . apartments, raised $50M led by Janus Henderson.
VergeSense, an office space occupation analytics startups, raised a $12M Series B led by Tola Capital.
News:
I’m asking the same thing you are - Are they going to SPAC their own company?
Congrats to our friends at CommissionTrac on the acquisition by Yardi!
RealPage bought a VOIP provider in Alabama called WhiteSky.
Knotel is still kicking! So is Katerra!
Articles:
Dror’s predictions are worth your time. His take on warehouses and their current heat is spot-on. He also got into the NYT on the future of office.
Check out the winners (on paper) in the OpenDoor IPO.
Check out this great thread on a trio in the retail space quietly building an empire of brands.
Apartment REITs want you to go back to the office.
Long Read:
Check out this white paper from Nexus and Facilio on The State of Operations and Maintenance Tech.
Listen:
Nexus also has an interesting podcast with Erik Ubel of The Edge.
Thanks for reading! Our next members-only virtual happy hour will be Tonight Friday January 8th 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.