What Matters This Week - 9.2.23

Big round for Redaptive and some good reads.

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

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Fundings:

• Redaptive, an energy efficiency-as-a-service startup, raised a $125M Debt round from Deutsche Bank.

• Realm, a renovation planning platform for homeowners, raised a $9.7M round.

• Kiki (f.k.a. EasyRent), a subletting startup, raised a $6M Seed round led by Blackbird.

• Rent Butter, a tenant screening solution, raised a $3M Seed round led by RET.

• Agave, an API for construction software, raised a $2.9M Seed round led by Accel.

• Metroc, a Finnish project finder for GCs and suppliers, raised a €2M Seed round.

• Jitty, a British property search engine, raised a $2M Pre-Seed led by Gradient.

• Pirros, a drawing set management platform for AEC, raised a $2M Seed round.

• Allume Energy, a rooftop solar startup for MF, raised a $1.5M Bridge round.

• Vecindapp, a Colombian PMS, raised a $250K round from Platzi.

News:

• Better.com’s stock tanks after SPAC combination.

• $2B in new HUD funds for making MF buildings greener.

Articles:

• What’s driving construction tech spending in 2023 and 2024?

• PropTech Gets Into Sports.

• Exploring the Factors Driving Mortgage Rates & Housing Demand.

• Selina’s Wild Ride as a Penny Stock: Here’s What We Know.

• Yes, in my backyard.

• One jarring chart shows just how empty remote work will leave office buildings.

Long read:

• PropTech in ANZ 2022 Report, by Future Place.

Top-tech read of the week:

• Early days of AI (and AI Hype Cycle).

Interactive viz: Over on Flowingdata

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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.