What Matters This Week - 5.6.23
Look at all the acquisitions! It's happening . . .
What Matters This Week - articles, news, and fundings that mattered this week in PropTech. No hype or marketing.
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In Case You Missed It:
I posted yesterday about how I accidentally started an angel group.
Fundings:
Noventa Energy, a Canadian wastewater heating technology, raised a $166M Debt and Equity round from CIB and Ancala.
Redaptive, an energy efficiency-as-a-service startup, raised a $50M E round extension led by Linse.
BrainBox AI, a Canadian autonomous building software, raised a $20M round from ABB and the Goverment of Québec.
Partanna, a CO2-capturing concrete developer, raised a $12M Pre-seed round from Cherubic.
Brik, an Indonesian materials aggregator, raised an $11.4M pre-A round.
MadeComfy, an Australian STR management company, raised a $10M Debt and Equity round led by Commencer.
Frontline Wildfire Defense, a wildfire tracking app for homeowners, raised a $6.4M Seed and Debt round led by Echelon.
eSUB, a construction management software, raised a $2M Debt and Equity round.
Pluria, Romanian coworking spaces, raised a $2M Seed round led by Eleven.
Styx, a plug & play smart lighting base maker, raised a $2M round.
EVO, a UK MF property maintenance SaaS, raised a £1.33M round.
Landslo, a Canadian resi sales outreach platform, raised a $500K round.
Shipshape, a resi IoT sensors provider, raised a round from Aeotec Americas.
Zapkey, an Indian ‘home sale guarantee’ platform, raised a pre-A round led by DSP Family.
News:
US Gov announces $250M towards electric heat pump manufacturing.
Brainbox AI acquires ABB’s retail energy management business.
UAE’s Quazar Investments and UK’s GIM announce waterless cement JV.
Articles:
Construction Loves Contech. The Relationship Hasn’t Always Been So Smooth. (CO)
Flex Office Space Is in Flux. Should Its Operators Worry? (CO)
Landlord Software Is Making Life Hell for Renters, Report Says, by Vice.
Long read:
Top-tech read of the week:
Building an Actual Unicorn, by Kyle Harrison from Investing 101.
Check this out:
Thanks for reading! If you think I missed something important, send me a note and I’ll get it in next week’s edition.