This Week in Proptech

Aug 7

Written By CRETI

This week in proptech witnessed a high volume of large deals across a variety of sectors and geographies dominating headlines. The majority of this week’s capital went to companies that transform the built environment, construction, and greater real estate industry. Two of the top 3 investments went to Tel Aviv-founded companies. Investments also focused on real estate platforms that leverage data and AI to resolve real estate occupancy, title insurance, and construction management.

The largest round went to Density, a San Francisco-based building technology company. Density raised US$ 51 million in a round led by Kleiner Perkins with participation from previous investors including Dick Costolo’s 01 Advisors and Los Angeles-based investment firm, Upfront Ventures.

The second-largest round went to Silverfort, a Boston and Tel Aviv based security technology company. Silverfort raised US$ 30 million in a round of Series B funding led by Aspect Ventures, with participation from Citi Ventures, Maor Investments, and early investors TLV Partners, StageOne Ventures, and Singtel Innov8.

The third-largest round went to Buildots, a Tel Aviv and London-based company that raised US$ 16 million in total funding. The company uses computer vision to modernize the construction management industry. The investment was led by TLV Partners with participation from Innogy Ventures, Tidhar Construction Group, and a handful of serial entrepreneurs.

What Does This Mean?

The first week of August witnessed a significant increase in the variety of venture capital investments, both categorically and geographically. While proptech companies based in North America have historically received the majority of capital, the industry might be experiencing a flattening of the venture curve as investors continue to "invest without borders," for the time being.