This Week in Proptech - June 18, 2021
This week in proptech, approximately $121 million (-76.95 %) was invested in real estate technology companies. Globally, 11 (-47.62 %) companies announced funding rounds at a median of $20.1 million (-19.28 %). Investments ranged across a handful of sectors including construction, residential, and finance.
Notable Rounds
On June 21, 2021, XYZ Reality, a London-based AR construction technology company, announced a $27,800,000 Series A from Octopus Ventures, Tishman Speyer, Activum, Hoxton Ventures, and 3 other investors
On June 16, 2021, Arrived Homes, a Seattle-based home rental investment service announced a $10,000,000 Seed from Core Innovation Capital, Spencer Rascoff, PSL Ventures, Bezos Expeditions, Time Ventures, and 5 other investors. The company also raised a $27,000,000 million debt financing round.
What Does This Mean?
It was a slow week in real estate tech venture capital. Residential real estate tech continues to receive the lions share of venture activity as the real estate value chain continues to be ripe for innovation or disruption.
Driving Headlines in Proptech
FUNDING - COMMERCIAL REAL ESTATE TECH
Triax Technologies Raises $12.5 Million Series A Funding Round to Expand Team, Scale GloballyFUNDING - CO-LIVING
Berlin-based proptech startup Habyt acquires homefully and raises €20 million Series BNEWS - REAL ESTATE TECH
Fresh capital for proptech as Amro launches VC armNEWS - CONSTRUCTION TECH
What Katerra’s Collapse Means For Construction Tech InvestmentFUNDING - CONSTRUCTION TECH
XYZ Reality raises £20m to build AR for construction industryFUNDING - REAL ESTATE TECH
Arrived Homes Raises $37M in Seed Funding
