This Week in Proptech - August 27, 2021

This week in proptech, $750 million was invested in real estate technology companies. Globally, 25 companies announced funding rounds at a median of $13.7 million. Investments ranged across a variety of sectors, including sustainability, multifamily, residential, and office.

Notable Rounds

• On August 24, 2021, Plentific raised a $100 million Series C led by Brookfield Technology Partners and Highland Europe with investments from A/O PropTech, RXR Digital Ventures, Target Global, and Mubadala.
  

• On August 24, 2021, Bungalow raised a $75 million Series C led by Deer Park Road with investments from Khosla Ventures, Atomic, Founders Fund, and Coatue.
  

• On August 24, 2021, Urbint raised a $60 million Series C led by Energize Ventures with investments from Salesforce Ventures, National Grid Partners, OGCI Climate Investments, American Electric Power, Energy Impact Partners, and Blue Bear Capital.

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Driving Headlines in Proptech

• NEWS - REAL ESTATE TECH
  CRETI Announces 2nd Annual Proptech Venture Capital Awards
  

• FUNDING - INFRASTRUCTURE TECH 
  Urbint, which uses AI to predict threats to infrastructure, nabs $60M
  

• FUNDING - MULTIFAMILY TECH
  Plentific cements $100M to expand its property management SaaS
  

• FUNDING - REAL ESTATE TECH
  Bungalow Valuation Soars Over $600 Million as Deer Park Invests
  

• NEWS - REAL ESTATE TECH
  Why global investors are flocking to back Latin American startups
  

• NEWS - CONSTRUCTION TECH
  Why the end of Katerra doesn’t mean the end of construction tech investing
  

• FUNDING - REAL ESTATE TECH
  Proptech startup wants to get rid of brokers
  

• FUNDING - INDUSTRIAL TECH
  Felux Raises $5.1M in Seed Funding
  

• FUNDING - CONSTRUCTION TECH
  Construction management platform Capmo cements $30 million round
  

• FUNDING - MULTIFAMILY TECH
  Sugar raises $2.5M in seed funding to connect apartment residents