What Matters This Week - 2.27.21
Don't miss the $1B acquisition by AutoDesk
What Matters This Week is a summary of articles, news, and fundings that mattered this week in Property Technology. No hype or marketing to assault your inbox.
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!
This week’s deals and data:
Fundings:
Saltmine, an office design startup, raised $20M led by Jungle Ventures.
BlocPower, a provider of energy efficiency solutions for urban buildings, raised a $8M Series A led by American Family.
GoContractor, a digital onboarding and training platform for construction workers, raised a $5M Series A.
Sunroom, outsourced leasing for SMB apartment owners, raised an $11M Series A led by Gigafund.
News:
I know it isn’t PropTech exactly, but I think CBRE’s acquisition of 35% of Industrious is both smart and important.
Buildout acquired ReThink.
The Seligmans want another bite at the SPAC apple.
AutoDesk is acquiring Innovyze for a cool $1B.
Articles:
I had no idea that Brookfield Ventures has 11 team members!
Check out this PropTech SPAC guide from Seeking Alpha. (Image below)
Watch:
Food for Thought:
I know it’s a little bit of an edge case, but I wonder what rules and best practices from physical real estate apply to digital real estate?
One Last Thing:
Check out this great image from Seeking Alpha on SPACs in PropTech
Thanks for reading! Our next members-only virtual happy hour will be Thursday March 4th at 7 EST/4 PT. If you’re a member, we’ll see you there!
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.