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.

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Driving Headlines in Proptech

• FUNDING - REAL ESTATE TECH
  Morty Raises $25M Series B to Simplify the Mortgage Selection Process
  

• FUNDING - CONSTRUCTION TECH
  Billd Raises $30M Series B to Launch New Products, Scale Team
  

• FUNDING - REAL ESTATE TECH
  Cape Analytics raises $44M to automate property inspections with AI
  

• FUNDING - HOSPITALITY TECH
  SoftBank Invests $1.7 Billion in Yanolja Ahead of IPO
  

• FUNDING - REAL ESTATE TECH
  Mighty Buildings lands $22M to create ‘sustainable and affordable’ 3D-printed homes
  

• FUNDING - REAL ESTATE TECH
  Abodu raises $20M to build prefabricated backyard homes
  

• FUNDING - REAL ESTATE TECH
  In senior communities, the appeal of renting rather than buying is rising