What Matters This Week - 3.18.23

So much solar. And some select SVB coverage.

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

WMTW is free but subscribers also have access to premium content, a private Slack community, and exclusive events.

If you’d like to join the community, you can here.

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In Case You Missed It:

-Paid subscribers got to see the latest rankings of the most influential people in PropTech in my Updated Power List this week. For full access, click here.

Fundings:

• SolarCycle, a solar panel recycling startup, raised a $30M A round co-led by Fifth Wall and HG.

• Engrain, a MF virtual mapping and touring platform, raised a $12M A round led by RETV.

• 99.co, a Singapore property marketplace, raised an $11M C round extension co-led by OCBC NISP and Gaw.

• SunHero, a Spanish resi solar startup, raised a €10M A round co-led by Planet A and Vorwerk.

• Roofit.Solar, an Estonian resi solar roofs provider, raised a €6.45M round co-led by BayWa and EdgeCap.

• Mapxus, a Hong Kong indoor GIS platform, raised a $5M B round led by Kawasaki.

• Downsizer, an Australian platform for homeowners to “buy off the plan,” raised a A$3.75M Seed round led by Correlation.

• The Coven, a coworking space for women, raised a $3.3M Seed round.

• Building Swell, an OS for modular and prefab construction teams, raised a $3M round.

• Oculai, a German computer vision ConTech, raised a €2.5M Seed round led by Gründerfonds.

• Asumma, a Finnish modular SFH builder, raised a €945K round led by Kiilto.

• Vector Homes, a UK developer of clean modular home-building materials, raised a £450K round.

• Aetos, a 3D imaging tool for CRE remote operations, raised a Seed round led by Valor.

News:

• ArcerolMittal aims to invest $100 million annually for steel-focused climate-tech companies.

Articles:

• Jeremy Rifkin: “All Real Estate Must Adapt in 20 Years to Resist Climate Change”.

• Five Ways In Which The PropTech Boom Is Shifting The Future Of Multifamily.

• What Is Generative AI and How Does It Factor into the World of PropTech?

• Banks Collapse Affecting Mortgage Rates, VC, PropTech. (GlobeSt)

Long read:

• VTS’ 2023 Global Landlord Report.

Listen:

• Nexus Labs: Living buildings and where technology fits

Check this out:

Top-SVB reads:

• In Their Own Words: What SVB Meant To The Valley. (Crunchbase)

• Ripple effect: The global impact of SVB's collapse. (PitchBook)

• Nonbank lenders pounce on venture debt market after SVB collapse. (PitchBook)

• Silicon Valley Firms Gird for Change After U.S. Backing of SVB. (WSJ, $)

• SVB is the first social media bank run in history. (Business Insider)

• Who did their fund of funds invest in? (The Information, $)

• SVB failure hits PropTech already battling high rates. (Business Insider, $)

• More details on the failed sale by the FDIC. (Bloomberg, $)

• Some early-stage founders aren’t writing off SVB 2.0. (PitchBook)

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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.