What Matters This Week - 5.13.23
More debt for Equipment Share and a Power Buyer Acquisition
What Matters This Week - articles, news, and fundings that mattered this week in PropTech. No hype or marketing.
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Fundings:
EquipmentShare, a construction equipment rental solutions provider, raised a $640M Debt round and a $900M increase to its credit facility with Capital One.
Inertia, a construction management platform, raised a $13.2M round.
PermitFlow, a construction permitting automation platform, raised a $5.5M Seed round led by Initialized.
PropertyPistol, an Indian resi marketplace, raised a $5.5M A round from ICICI.
Specifx Data, a data software startup for HVAC systems, raised a $3.5M Seed round led by Powerhouse.
Integrated Projects, a digital twin platform, raised a $3M Seed round led by 186.
OneCrew, a software for paving contractors, raised a $2.25M round.
Clever RE, a realtor matching marketplace, raised a $2M round from Cultivation.
Tough Commerce (f.k.a. Brokrete), an e-commerce platform for construction, raised a CA$2M round led by Ronald Richardson.
Futraheat, a UK heat pump OEM, raised a £1.5M led by Clean Growth.
Conduit Tech, a high-efficiency resi HVAC design and sales SaaS, raised a Seed round led by Breakthrough.
News:
Articles:
Long read:
How Real Estate Investors and Operators Are Using Location Data, by Thesis Driven.
Watch:
Harsh:
Check this out: from Thomvest
Thanks for reading! If you think I missed something important, send me a note and I’ll get it in next week’s edition.