What Matters This Week - 8.5.23
Huge rebar mill and a new PropTech Fund in Africa.
What Matters This Week - articles, news, and fundings that mattered this week in PropTech. No hype or marketing.
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Quick Note:
It’s that time of year again - get your tickets for CRETech NY. Use my discount code (PTAG20NYC) for 20% off and hit me up if you want to chat while I’m there!
Fundings:
Hybar, a metal recycling rebar mill, raised a $700M Debt and Equity round co-led by TPG Rise and Global Principal.
Carbon Upcycling, a Canadian provider of cement-enhancing green materials, raised a $26M A round co-led by Climate and BDC.
Ecoworks, a German MF energy retrofit startup, raised a €22M A round.
Luxury Presence, an app for resi agent branding and assistance, raised a $19.2M B1 round led by Bessemer.
Local Logic, a Canadian location intelligence platform, raised a $13M B round co-led by GroundBreak and Investissement Québec.
Infraspeak, a Portuguese facilities mgmt platform, raised a €7.5M A round extension led by Bright Pixel.
Acelab, a product selection platform for buildings, raised a $5.3M round co-led by Pillar, PJC, and Draper.
Utopi, a British ESG IoT platform, raised a £5M round from the Scottish National Investment Bank.
Ply, a materials procurement platform, raised a $4M round.
Adaptavate, a British green construction materials developer, raised a £2M round led by Counteract.
Dao, a German PMS, raised a €1.5M Pre-seed round.
REdistribute, an MLS aggregator, raised a round from MARIS.
NanoTech, a CRE cool roofing startup, raised a Seed round.
Rapid Application Group, an ERP software for heavy machinery, raised a round led by Wavecrest and MassMutual.
Trinity Solar, a resi solar installer, raised a round from TSG.
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