What Matters This Week - 7.1.23
Huge decarbonization round and stop telling me Realtors will all go away.
What Matters This Week - articles, news, and fundings that mattered this week in PropTech. No hype or marketing.
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I’m tired of people saying Realtors will go extinct. They won’t.
In Defense of Realtors
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I just bought a home. In another state. Far away. And I couldn’t have done it without the help of my Realtor. The topic of Realtors is so fraught with emotion that I hesitate to even write about it. So many buyers and sellers get so angry when they see their closing statements and finally do the math on what the Realtors get paid in every transaction.
Fundings:
1KOMMA5°, a German resi decarbonization platform, raised a €430M B round led by G2VP at a €1B valuation.
SafEarth, an Indian solar project platform, raised a $35M round.
Material Evolution, a British low-carbon cement producer, raised a €17.3M A round led by KOMPAS.
Honey Homes, a home upkeep startup, raised a $9M A roud led by Khosla.
Gradient, a green resi HVAC maker, raised a $9M A-extension led by Climate.
Ampd, a Chinese provider of green generators, raised an $8M A round extension.
WIDMO, a Polish subsurface tomography startup, raised a €5.5M Grant and Equity round from EIC.
Clearstory, a change order tool, raised a $5.5M round led by GS Future.
Guest House, a home staging platform, raised a $3.5M round led by Break Trail.
BidSight, a pre-construction platform, raised a $2M Pre-Seed led by Outsiders.
Glowb, a British resi solar startup, raised a £1.2M round led by Ada.
GoFeels, a Chilean hotel management platform, raised a $300K Pre-Seed round.
MAXEX, a digital mortgage exchange, raised a round co-led by South Street and Atlas Merchant.
News:
Articles:
Long read:
Top-tech read of the week:
Thanks for reading! If you think I missed something important, send me a note and I’ll get it in next week’s edition.