This Week in Proptech - July 16, 2021
This week in proptech, $1.850 billion (+108.1%) was invested in real estate technology companies. Globally, 15 (-42.3%) companies announced funding rounds at a median of $20 million (+85.2%). Investments in real estate tech ranged across a handful of sectors, including hospitality, residential, and construction.
Notable Rounds
On July 15, 2021, Yanolja, a Seoul, South Korea-based hospitality tech company raised a $1.7 billion round from SoftBank Vision Fund.
On July 14, 2021, Morty, an NYC-based mortgage tech company, raised a $25 million Series B led by March Capital with investments from FJ Labs, Metaprop, Lerer Hippeau, Prudence Holdings, Rethink Impact, and Thrive Capital.
On July 13, 2021, Billd, an Austin, TX-based construction finance company, raised a $30 million Series B led by LL Funds with investments from RJT Credit and Ulysses Management.
Driving Headlines in Proptech
FUNDING - REAL ESTATE TECH
Morty Raises $25M Series B to Simplify the Mortgage Selection ProcessFUNDING - CONSTRUCTION TECH
Billd Raises $30M Series B to Launch New Products, Scale TeamFUNDING - REAL ESTATE TECH
Cape Analytics raises $44M to automate property inspections with AIFUNDING - HOSPITALITY TECH
SoftBank Invests $1.7 Billion in Yanolja Ahead of IPOFUNDING - REAL ESTATE TECH
Mighty Buildings lands $22M to create ‘sustainable and affordable’ 3D-printed homesFUNDING - REAL ESTATE TECH
Abodu raises $20M to build prefabricated backyard homesFUNDING - REAL ESTATE TECH
In senior communities, the appeal of renting rather than buying is rising
