This Week in Proptech - July 23, 2021

This week in proptech, $594 million was invested in real estate technology companies. Globally, 27 companies announced funding rounds at a median of $30 million. Investments in real estate tech ranged across a handful of sectors, including residential, ibuying, insurance, and commercial mortgage.

Notable Rounds

• On July 15, 2021, Sundae raised a $80 million Series C round co-led by Fifth Wall and General Global Capital with investments from QED Investors, Wellington Management, Susa Ventures, Founders Fund, First American Financial, Prudence Holdings, Crossover VC, Intersect Capital, Gaingels and Oberndorf Ventures.
  

• On July 19, 2021, Block Renovation raised a $39.5 million Series B round led by Giant Ventures with investments from Lerer Hippeau, Morningside Group, New Enterprise Associates, and Obvious Ventures.
  

• On July 19, 2021, Properly raised a $35 million Series B round led by Bain Capital Ventures with investments from 75 & Sunny, Intact Ventures, and FCT.

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Driving Headlines in Proptech

• NEWS - REAL ESTATE TECH
  Proptech Funding Is Surging, With Construction And Property Management Leading The Pack

• FUNDING - REAL ESTATE TECH
  Sundae closes on $80M for residential real estate marketplace

• FUNDING - REAL ESTATE TECH
  Properly Raises $35M in Series B Financing To Transform The Real Estate Experience In Canada

• FUNDING - CRE TECH
  Lev Raises $30M Series A Round

• FUNDING - REAL ESTATE TECH
  Proptech start-up Wunderflats raises $21 million in funding

• FUNDING - CRE TECH
  JLL, Khosla lead Jones’ $12.5M Series A for real estate vendor compliance

• FUNDING - REAL ESTATE TECH
  75F raises $5 million from Siemens AG, taking the total Series A funding to $28 million