What Matters This Week - 9.23.23

More $$$ for EquipmentShare and look out for our podcast!

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.

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Thanks and Programming Note:

• Just wanted to say thanks to everyone who mentioned this newsletter when we met over the last few weeks. I know my mom reads them (hi Mom) but never hear from anyone else so I appreciate you guys taking time to mention it.

• As I mentioned last week, we are about to have more content on here and I’m starting with podcasts. This week I’m launching Jon Slavet, Heather Elias, Jindou Lee, and Steve Weikal. Next week I’ll share Spencer Rascoff, Clelia Peters, Matt Ellis, and Jesse Devitte. Paid subscribers have access to all of it and I’m always open to ideas if there is something you’d like to hear.

• Finally, in case you missed it, I shared some hot takes on PropTech for your next happy hour conversation.

Fundings:

• EquipmentShare, a construction equipment rental startup, raised $400M in Debt.

• Openly, a home insurance provider, raised a $100M D round led by Eden.

• Deskbird, a Swiss workplace mgmt SaaS, raised a $13M A round led by AVP.

• Mojave, an efficient HVAC maker, raised a $12.5M Seed round led by Fifth Wall.

• Cecilian Partners, a developer SaaS, raised an $11M A round led by Resolve.

• Qbiq, an Israeli office planning AI, raised a $10M Seed round led by JLL Spark.

• Difon, a South Korean smart window developer, raised a $9.3M A round.

• Yotta Energy, a CRE solar+storage provider, raised an $8M A round led by Evergy.

• HomeCloud, a resi home evaluation and data startup, raised a $4.4M round.

• Mona Lee, an ‘affordable’ resi solar installer, raised a $3.25M Seed round.

• Norban, a Swedish digital broker, raised a €2M round led by VEQ.

• Estate Media, an RE industry focused media company, raised a $1.65M round.

• RealtyAssist, an Australian cash advance for realties, raised an A$1.5M round.

• Equiptal, a Saudi heavy equipment rental market, raised a $1M Pre-Seed round.

• Kestrix, a British ‘G. Maps for heat loss’ of CRE, raised a $500K Pre-seed round.

• Stak, an EV charging station maker, raised a Pre-Seed round from Morgan Stanley.

• Appspace, a workplace mgmt platform, raised a round from Accel-KKR.

News:

• Singaporean facility mgmt SIMPPLE went public on Nasdaq.

• Compass acquired Luxury Presence.

• European CASAFARI acquired Targomo.

• HotelRunner acquired PayPad.

• DivcoWest Sued WeWork.

Articles:

• Real Estate’s Hidden AI Revolution by NfX.

Long read:

• Property Investment in a Sustainable World Report, by PropTech Connect and RWinvest.

Top-tech read of the week:

• Seed Market Evolution During A Downturn.

Watch:

Check this out:

Source: Sequoia

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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.