What Matters This Week - 8.27.22

ConTech Survey and couple big rounds.

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:

• Fervo, a geothermal energy developer, raised a $138M round led by DCVC.

• Landing, a flexible term apartment rental platform, raised a $125M C and Debt round led by Delta-v.

• Zumper, an online rental housing marketplace, raised a $30M D1 round led by Kleiner Perkins.

• Spectral, a web3 credit report, raised a $23M round co-led by General Catalyst and Social Capital.

• VendorPM, a vendor marketplace for property managers, raised a $20M A round led by Prudence.

• Clarity Movement, an air quality monitoring company, raised a $9.6M A+ round co-led by Amasia and Active.

• Yesler, a lumber marketplace, raised a $5M round led by Crosslink.

• Haus.me, a prefab home builder, raised a $4.3M round.

• Erste Hausverwaltung, a German MF PMS, received a ‘seven figure investment’ from Round Hill Ventures. (Very helpful Round Hill . . .)

News:

• New apartment construction to match 50-year high.

• PropTech SPAC withdraws $100 million IPO.

• Root Ventures closes $150M for Fund III.

• Reali to shut down after raising $100M one year ago.

Articles:

• PropTech and Feds Take On Indoor Air Quality at Schools.

• 5 Companies Shaping the Future of Smart Real Estate (by AngelList).

• How to Investigate Your Next New York Apartment Like a Reporter.

• Inside the Great Mall Rebrand.

• The All-in-One Coliving Guide.

Long-read:

• Why Doesn’t America Build Things?

Top-tech read of the week:

• ARR per employee is the efficiency metric you’ve been looking for (TC+).

PropTech Twitter:

Moses Kagan @moseskagan

Real estate’s gigantic TAM particularly appealing to VCs bc the biz is so capital intensive, meaning VCs can write (& earn fees on) gigantic checks. Generally ends badly, bc you can’t grow a RE biz at venture-speed without doing a lot of terrible deals & overspending on rehab.

PropTech Viz:

SOURCE

---

Survey for Construction Professionals:

If you work for a: Commercial real estate owner/developer, Commercial lender, Insurance carrier, Insurance advisor/broker, General contractor, Specialty contractor

Please take 5 minutes to complete this Construction Industry Innovation Survey, by OMERS and Turner.

---

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