What Matters This Week - 3.25.23

Only 1 SVB Article!

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

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Fundings:

• Placemakr, a flexible-use MF and hospitality operator, raised a $65M round.

• Operto, remote solutions for hospitality, raised a $25M B round led by Centana.

• Kin, a DTC home insurance platform, raised a $15M D round extension.

• Lun, a Danish maker of electric heat pump for resi, raised a $11.2M Seed round.

• StructShare, a construction procurement and inventory platform, raised an $8M round led by KOMPAS.

• Butlr Technologies, an office occupancy IoT platform, raised a $6M round from Qualcomm and Carrier.

• Togal.AI, a pre-construction estimating software, raised a $5M pre-A SAFE led by Florida Funders.

• Estater, a Bahraini property valuation platform, raised a $5M A round.

• SiteZeus, a site-location platform for brands, raised a $4.7M round.

• Beam, a contractor payment platform, raised a $4M Seed round led by Accel.

• Mercator AI, a Canadian construction intelligence platform, raised a $3.75M Seed round co-led by Freestyle and Builder.

• ALT DRX, an Indian fractional ownership platform, raised a $3.6M Seed and Debt round.

• FiveOffices, a Luxembourg flex-office renting platform, raised a €3.2M Seed round.

• Patch, a UK developer of “neighbo(u)rhood workspaces”, raised a £3M round.

• Propi, a Salvadorian resi property marketplace, raised a $2.5M Pre-seed round.

• Breeze, a German resi rental matching platform, raised a €2.2M Seed round.

• Comstruct, a German construction procurement platform, raised a €1.2M Pre-seed round.

• XNRGY, a Canadian developer of energy efficient commercial HVAC, raised a round co-led by MKB and Idealist.

News:

• Homebot acquired homebuying fintech Quo.

• PriceHubble acquired UK’s Dataloft.

Articles:

• PropTech’s Hot Takes On SVB’s Bank-Run-and-Done Shocker.

• What Lenders need to know about using ChatGPT.

• Spain has the Fifth Highest PropTech Investment Globally.

• Consumers aren’t connecting their smart appliances to the internet.

Long read:

• The NfX Founder Sentiment Report: Post-SVB Edition.

Top-tech read of the week:

• SVB Sale Is Close. FDIC Seeking a Deal by Monday.

Check this out:

Source: Tomasz Tunguz

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