What Matters This Week - 5.7.22

Big rounds for Material Bank & 2nd Ave.

What Matters This Week - articles, news, and fundings that mattered this week in PropTech. No hype or marketing.

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Fundings:

• Second Avenue, a SFR investment platform, raised a $250M debt and equity round led by Monroe Capital.

• Material Bank, a MF materials marketplace, raised a $175M equity round led by Brookfield.

• Point, a resi equity platform, raised a $115M C round led by WestCap.

• Lev, a CRE finance marketplace, raised a $70M B Round led by Parker89.

• Brimstone, a platform for cement decarbonization, raised a $55M A round led by Breakthrough Energy.

• Mint House, a corporate travel STR platform, raised a $35M B Round led by Mohari.

• Courted, a professional network for RE agents, raised a $6M Seed round led by Human Capital.

• Ownwell, a saving platform for property taxes, raised a $5.75M Seed round led by First Round.

• Realto, a non-listed REIT marketplace startup, raised a $4.5M round led by Firebrand.

• Fohlio, a SaaS for construction project schedules, raised a $3.15M seed round led by Brick & Mortar.

• S.I. Container, a startup that converts containers into homes, raised a $1.7M seed round led by HPA.

News:

• Home Depot announced a $150M fund to fuel innovation.

• Fairstead plans $100M in PropTech investments.

• Intercontinental Exchange acquired Black Knight and Caterpillar bought Tangent Energy.

Articles:

• Landlord influencers of TikTok and Youtube.

• Smart building blocks: The Silos

• The cost of Amazon’s “too much space” problem.

• The Future of Office buildings according to CBInsights.

Top-Tech Read of the week:

• AirBnB goes remote forever.

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