This Week in Proptech

This week, proptech newswires were dominated by coliving companies.  Node, a European coliving company, made headlines with a $350 million strategic investment, while in the US, Common announced their $50 million round. 

In sneaky big news, early-stage sustainability startups have begun to make some noise.  Most notably, RoadRunner announced their $38.9 million Series C, while Ecomedes raised a $1.5 million seed round.

CSC Coliving — $33 Million — Multifamily
CSC Coliving borrowed $33 million to buy and renovate the 14-story concrete landmark at 37th and Chestnut Streets and expand its interior into 400 apartment units, according to a release Monday from real estate services firm JLL, which helped broker the loan. Read more -›
 
Common —$50.0 Million — Multifamily
With its eye on housing for remote workers, co-living startup Common has raised $50 million in new funding. The Series D was led by Kinnevik with participation from existing investors Maveron, 8VC and Norwest Venture Partners, CEO Brad Hargreaves wrote in a blog post Tuesday. The round brings Common’s total funding to more than $113 million at a time when urban rental markets are struggling due to the pandemic. Read more -›
 
Node — $350 Million — Multifamily
Node announced a $350 million (€300 million) deal to grow its European coliving footprint.  The funds are the fruit of a JV partnership with independent alternative investment manager Intriva Capital. Node will use them to target development sites and existing buildings to acquire and reposition in key European gateway cities; it also seeks to manage and co-invest in projects with third-party owners and developers. Read more -›