What Matters This Week - 3.4.23
Big round for BlocPower and interesting home collateral for Amazon.
What Matters This Week - articles, news, and fundings that mattered this week in PropTech. No hype or marketing.
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Fundings:
BlocPower, a CRE clean energy projects platform, raised a $154M B and Debt round led by VoLo and Goldman Sachs.
Homz, a "wellness-centric" multifamily developer, raised a $50M Pre-seed round led by Nanban.
Aeroseal, an energy SaaS and duct sealing provider, raised a $30M B round led by OGCI.
Gridium, an energy efficiency platform for buildings, raised a $14M round led by Navitas + a $10M LOC from Mitsubishi HC.
Apaleo, a German hospitality PMS, raised a €9M A round co-led by Rockaway and Serpentine.
Desana, a UK B2B hybrid workspace platform, raised a $7.4M round co-led by PropTech1 and JLL.
NoBroker, an Indian property search portal, raised a $5M E round extension from Google.
Munjz, a Saudi Arabian home maintenance platform, raised a $5M A round.
Renovate, a robotic roofing startup, raised a $2.5M Pre-seed round led by Alley Robotics.
News:
Articles:
The humans of smart buildings: The “seller” ecosystem, by Nexus Labs.
Israel’s PropTech Scene Turns Toward International Expansion.
PropTech’s reached an inflection point. Now what? (Inman).
Long read:
Jan’23 PropTech Market Update by DC Advisory.
Fun with AI:
Thanks for reading! If you think I missed something important, send me a note and I’ll get it in next week’s edition.