What Matters This Week - 6.10.23
Two more acquisitions and a big energy round.
What Matters This Week - articles, news, and fundings that mattered this week in PropTech. No hype or marketing.
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Fundings:
IonicBlue, a CRE energy retrofit platform, raised a CA$100M round from CIB.
Curri, last-mile logistics for construction, raised a $42M B round led by Bessemer.
EliseAI, an AI chat platform for MF, raised a $35M C round led by Point72.
Woltair, a Czech energy management startup, raised a €20.5M round co-led by Westly Group and Fifth Wall.
LendingStandard, a collaboration platform for CRE mortgages, raised a $6.7M round led by NTV.
Builder Prime, a CRM for home contractors, raised a $6M A round led by Blueprint.
Meta Egypt, a VR platform for touring projects, raised a $4.9M round.
Plot, a construction site management SaaS, raised a $2M round led by GroundBreak.
Flume, a resi water usage data platform, raised a round from HCAP.
Purlin, a homebuying platform, raised a round from RCP.
News:
Articles:
The Role Of Technology In Modern Property Management. (Forbes)
RE is facing a climate crisis, but there might be a way through. (TC+)
PropTech investments slowed this year. Long-term outlook remains positive.
For the title industry, new tech means new opportunities for fraudsters.
The uphill battle to cash in on tech: 'Agents don’t know what they want'.
Advisor, Coach, Consultant, or Mentor by Jonathan Klein
Long read:
The grid part II - the golden age of the power industry, by Construction Physics.
Top-tech read of the week:
Why AI Will Save the World, by Marc Andreessen.
Check this out:
Made this with Runway. Prompt: “Futuristic Apartment with Balcony Parking”
Thanks for reading! If you think I missed something important, send me a note and I’ll get it in next week’s edition.