What Matters This Week - 5.15.21
A Better SPAC and NfX on . . . SPACs
What Matters This Week is a summary of articles, news, and fundings that mattered this week in Property Technology. No hype or marketing.
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This week’s deals and data:
Fundings:
AnthemIQ, a CRE transaction platform, raised $10M led by Staubach Partners.
Plunk, a startup that lets you estimate how much value is created from a given home renovation, raised a $6.5M Seed Round led by Unlock Ventures.
Coretx, an energy management platform for buildings, raised a $6M Series A led by 4490 Ventures.
Aryeo, basically a Dropbox for resi real estate, raised $3.65M led by Amplo and Hyperlane.
News:
Procore could be valued at high as $9.4B when it IPOs and it just acquired Indus.ai.
Nice to see a big player in India entering the PropTech arena.
HomeSpotter, a maker of apps for resi agents, was acquired by Lone Wolf Technologies.
Articles:
AirBnB is facing more regulations post-COVID.
Apartment owners no longer have a choice about whether to use new tech.
Long Read:
IPOs vs SPACs vs Direct Listings according to NfX.
James at Nexus wants to see “API First” companies (I agree, for the most part).
An interesting breakdown of construction inefficiencies.
Listen:
Latch CFO, Garth, talking about the nuances of SPACs.
Watch:
Two of my favorites: Zain and Kyle.
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