What Matters This Week - 8.19.23

Quiet week for rounds but not for acquisitions.

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

WMTW is free but subscribers also have access to premium content, a private Slack community, and exclusive events.

If you’d like to join the community, you can here.

---

Fundings:

• Dcbel, a Canadian home energy management startup, raised a $50M+ B round.

• Renco, a modular building system developer, raised an $18M round.

• Verdigris, an energy management platform, raised a $10M round led by DCVC.

• Jurny, a hotel and STR PMS, raised a $2M Crowdfunding round.

• Happipad, a Canadian home sharing website, received a CA$1.3M grant.

News:

• It’s official: Better.com is going public.

• RE-focused SPAC prices downsized $75 million IPO.

• Zillow Group to acquire Spruce.

• GTCR acquires ADT’s commercial fire and security segment for $1.6B.

• Johnson Controls acquired FM Systems for $455M.

• Self-storage tech Storable acquired CallPotential.

• Constellation Real Estate Group acquires Showcase IDX.

• Yieldstreet Nears a Deal to Buy Real Estate Tech Startup Cadre.

Articles:

• Alpaca Field Study: Landlord Technology Solutions Facilitating Rent Collections.

• How European Carbon Reduction Laws Are Affecting U.S. Real Estate.

Top-tech read of the week:

• Generative AI Tech Stack.

  

---

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