What Matters This Week - 7.22.23

Another big solar round, more acquisitions, and blood at Latch/Stoa/Matterport.

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

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Fundings:

• PVcase, a Lithuanian solar plan and design SaaS, raised a $100M B round.

• Aeroseal, air duct/system sealing tech, raised a $67M Series B led by Breakthrough Energy.

• Tractable, a computer vision home assessment platform, raised a $65M E round led by SoftBank.

• Mynd, an SFR investment/mgmt platform, raised a $30M round led by Invesco.

• Zippy, a lender for manufactured housing, raised $26M in multiple rounds.

• Bowery Valuation, a CRE appraisal firm, raised a $16.3M B round extension led by Goldman Sachs.

• Skillit, a construction labor recruiting platform, raised an $8.5M Seed round extension co-led by Bow and MetaProp.

• Source, a ConTech for designers and architects, raised an $8.1M round.

• Higharc, an automated homebuilding platform, raised a $6.5M round.

• InspectionGo, a platform for home inspectors, raised a $5.5M A round led by Wasatch.

• Furno, a zero-emission cement producer, raised a $4.5M round.

• Construex, a LatAm construction B2B marketplace, raised a $4.1M round.

• Huq, a British traffic data platform, raised a £4M round led by 24 Haymarket.

• Craftwork, a home painting quote platform, raised a $4M Seed round.

• Colleen, a MF rent collection AI, raised a $3.5M Seed round led by Wilshire Lane.

• Luyten, an Australian 3D printed home startup, got a A$3M Grant from CRC-P.

• Stylib, a British material marketplace for designers, raised a £1.5M Pre-Seed round led by Foundamental.

• ShowYou, a French renovations platform for developers, raised a €1M round.

• TitleWise, a title research software provider, raised a $1M Seed round from M25.

News:

• AirDNA bought location intelligence platform Arrivalist.

• InspectionGo acquired Repair Pricer and HomeBinder.

• MRI Software acquired Loci Solutions.

• Mortgage data vendor Black Knight to sell Optimal Blue for $700M.

• Latch cut nearly 60% of workforce.

• Stoa slashed 80% of workforce after raising $300 million.

• Matterport To Cut 170 Jobs (30%), Reduce Office Space.

Articles:

• New Alpaca Field Study: Real Estate’s Adoption of AI.

• PropTech Beelines for Federal Funds to Retrofit Government Properties.

• ‘The 5 Most Practical AI Tools For CRE Right Now.’

Long Read:

• Empty spaces and hybrid places: The pandemic’s lasting impact on real estate.

Top-tech read of the week:

• On Balancing Profitability and Growth.

  

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