What Matters This Week - 8.12.23

Big round for Loft and 5 (!) acquisitions

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:

- We published Part Deux of our Multifamily Market Map. Subscribers only.

Fundings:

• Loft, a Brazilian resi marketplace, raised a $100M round.

• Wint, an Israeli leak-detecting startup, raised a $35M C round led by Insight.

• Tenant Inc, a self-storage SaaS ecosystem, raised a $25M round.

• InnerSpace, a Canadian workplace analytics solution, raised a CA$10M A round led by Yaletown.

• Treehouse, a resi EV charging installer, raised a $10M round led by Montage.

• Skyline, a robotic window cleaner, raised a $3.35M Bridge round.

• Flueid, a resi title data startup, raised a $12.5M B1 and Debt round from Eastward.

• SAEKI, a Swiss robotic concrete mold, raised a $2.3M Seed round led by Wingman.

• BLACKHYVE, a project management platform, raised a $1.8M round.

• Matrixian, a Dutch resi valuation platform, raised a €1.5M round from Pride.

• QuintoAndar, a Brazilian rental discovery platform, raised a ‘media for equity‘ round from 4equity.

• Homely, a British homeownership journey guidance startup, raised a Pre-seed round from UST.

• Programa, an Australian project management software for interior designers and architects, raised a $7.5M A Round led by EVP.

News:

• RentRedi acquired eRentPayment and PaymentReport.

• Zillow Group acquired Aryeo.

• Seoul-based Dongnae acquired co-living platform Dears.

• Cloud-based facilities mgmt Tango acquired ESG startup WatchWire.

• Change order tool Clearstory (fka Extracker) acquired DataStreet.

• WeWork Tumbles After Raising ‘Substantial Doubt’ About Future.

• Black Knight: FTC Drops Lawsuit Amid Negotiations, Deadline Nears

• Nuveen, Cove Partner on PropTech for DC and Boston Office Properties

Articles:

• Passive Homeowners: ‘It’s Hard to Go Back.’ (WSJ)

• ConTech firms feel the sting of tech industry woes.

• Why D.C. Region Might Be the Country’s Most Underrated PropTech Hub. (CO)

• How Your House Makes You Miserable

• Made Renovation customers describe “absolute nightmare.”

• With trillions in ‘dry powder’, investors once again eye PropTech.

• PropTech execs: AI isn't a catchall, use it to solve specific problems.

Long read:

• Carta’s State of Private Markets: Q2 2023

Top-tech read of the week:

• ​How Will a Venture Capital Recovery Feel? Observations from 2008.

Listen:

• 4 Steps to Sustainable Indoor Air Quality, by Nexus Labs

More viz on vacancy:

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Thanks for reading! If you think I missed something important, send me a note and I’ll get it in next week’s edition.