This Week in Proptech - April 2, 2021
This week in proptech, approximately $510 million (-65.5%) was invested across 5 companies in residential, commercial, and hospitalities, with the continued trend of mid to late-stage investments receiving the lion’s share of deal activity.
The month of March witnessed several relatively large deals across a variety of countries and sectors. Approximately $2.576 Billion (+24.7%) was invested across commercial, residential, construction, retail, and industrial real estate tech companies. Geographically, North and South American-based startups received the better part of capital and headlines.
This month's notable rounds include Pacaso's $75 million Series B from Greycroft, GFC, American Title, Acrew Capital, and 2 other investors, and a $1 billion debt round from First Republic Bank and Fortress Investment Group. In Brazil, Loft announced their $425 million Series D from Fifthwall, Zigg Capital, Tiger Global Management, and 14 other investors. Casavo, a tech-enabled marketplace headquartered in Milan, Italy, with a $239 million debt-equity deal. Finally, ServiceTitans, a Glendale, CA-based service management platform, announced their $500 million Series F from Tiger Global Management, Sequoia Capital, and 8 other investors.
Driving Headlines in Proptech
FUNDING - REAL ESTATE TECH
Pacaso raises $75M, goes from launch to unicorn in 5 monthsFUNDING - CRE TECH
Lev Capital raises $10M from JLL, Trulia co-founder Pete Flint
FUNDING - REAL ESTATE TECH
Side raises $150M at $1B valuation to help real estate agents go it aloneFUNDING - CONSTRUCTION TECH
Here’s why Alphabet VC arm backed UK machine-learning startup nPlan with £13.5MNEWS - REAL ESTATE TECH
The return of neighborhood retail and other surprising real estate trendsFUNDING - REAL ESTATE TECH
Ivanhoé Cambridge agrees partnership with proptech VC Fifth WallFUNDING - CONSTRUCTION TECH
500 Startups-backed Thai construction tech firm nets fresh fundingNEWS - REAL ESTATE TECH
10 proptech investors see better era for residential and retail after pandemicIPO - REAL ESTATE TECH
Real estate tech startup Offerpad to go public via SPAC merger in $3B dealFUNDING - CONSTRUCTION TECH
Modular housing startup Veev raises $100M to build homes faster, cheaperNEWS - REAL ESTATE TECH
How Disruptive Technologies Are Changing the Way People Invest in Real EstateFUNDING - REAL ESTATE TECH
Knight Frank invests in Fifth Wall’s European proptech fundFUNDING - LOGISTICS TECH
Neighbor raises $53M for self-storage marketplace after 5x YoY revenue growthFUNDING - REAL ESTATE TECH
Real estate platform Loft raises $425M at a $2.2B valuation in one of Brazil’s largest venture rounds