What Matters This Week - 4.23.21

It's about time, SmartRent

What Matters This Week is a summary of articles, news, and fundings that mattered this week in Property Technology. No hype or marketing.

WMTW is a free offering to guests of Vertical. 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.

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This week’s deals and data:

Fundings:

• Loft, a Brazilian Zillow (sort of), raised another $100M on top of the previous $425M they had raised about a month ago.

• Cherre, a CRE data management and analysis platform, raised a $50m round led by Trustbridge.

• Archipelago, a CRE insurance platform, raised a $34M Series B led by Scale VP.

• Knox Financial, a PM platform for residential, raised a $10M Series A led by G20.

• SiteKick, a site-monitoring platform for construction, raised a $2.3M Seed round led by Great North Labs.

News:

• SmartRent is SPACing at $2.2B.

In case you missed it:

• Moderne’s 2021 Passport Class:

  • JoyHub is a multifamily data aggregator. Founder

  • Kaiyo is a marketplace for gently-used furniture with a focus on sustainability and style. Founder

  • Peek is a complete virtual-first leasing platform. Founder

  • Piñata is a rent payment platform allowing users to earn rewards and boost their credit. Founder

  • MotoRefi provides a simple way to refinance your car payments. Founder

  • Tailorbird generates instant construction quotes and bids out jobs to preferred contractors. Founder

  • Trash Butler offers doorstep trash and recycling service. Founder

• SCV’s 2021 REACH Commercial Cohort:

  • Valcre is an end-to-end appraisal solution for CRE. Founder

  • Remarkably is a marketing BI platform for multifamily. Founder

  • Lex is a securities marketplace for CRE. Founder

  • Parafin is an on-demand generative design platform for optimized designs, budgets, and investment models. Founder

  • ProDeal is a CRE closing software platform. CEO

  • Land Intelligence provides actionable intelligence for new land development deals. Founder

  • Otso offers innovative commercial lease securitization for tenants, landlords, and brokers. Founder

  • Groundbreaker is a complete investment management software for small to medium CRE investment firms. Founder

  • Cove is a tenant experience platform for office and residential. Founder

Thanks for reading! Our next members-only virtual happy hour will be Thursday May 6th at 7 EST/4 PT. If you’re a member, we’ll see you there!

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