What Matters This Week - 8.6.22

An international flavor this week

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

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Fundings:

• Common Ground, a Malaysia flex office company, raised a $51.5M round co-led by Catcha and Emissary.

• FLASH, a parking tech company, received a $40M investment from Brookfield.

• Homzmart, an Egyptian home furnishing e-commerce platform, raised a $23M Pre-B round.

• Mudafy, a LatAm tech-enabled resi broker, raised a $10M A round led by Founders Fund.

• Infima, an MBS prepayment prediction engine, raised a $5M Seed round led by Radical.

• Rubik, a Kosovo-founded financial data platform for SFRs, raised a $3.5M Seed round led by Ulu.

News:

• FTC fines Opendoor $62 million for "cheating sellers with misleading claims".

• Envoy acquired OfficeTogether.

Articles:

• The future of remote work, according to 6 experts.

• The Metaverse Real Estate Boom Turns Into a Bust.

• Proptech to Keep the Talent Happy — and Coming to the Office.

• Are corporate VC 'tourists' pulling back amid the downturn?

Long read:

• PitchBook-NVCA Q2 Venture Monitor Report.

Top-tech read of the week:

• The Math Behind Starting a Successful Software Startup, by Tomasz Tunguz.

PropTech Twitter:

Zain Jaffer @zainjaffer

Contrarian view: Hardware startups in PropTech will crush it as new entrants don’t get funded. They will enjoy a temporary monopoly status in a market that is usually highly fragmented with low barriers to entry. Supply chains are also improving so sales will come fast.

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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.