This Week in Proptech - March 19, 2021
This week in proptech witnessed a higher volume of mid to late-stage deals across a variety of sectors. Approximately $421 million was invested across 12 companies. The lion's share of total dollar volume went to OYO with a $204 million debt-equity deal lead by Softbank, and Casavo with a $239 million debt-equity deal that included Goldman Sachs, 360 Capital, and 6 other investors.
Month to date, approximately $586 million was invested across commercial, retail, industrial, and residential real estate tech companies. Geographically, Latin American and Spanish-based startups have quietly gained momentum in the residential real estate tech sector.
This week's notable rounds include JetClosing, a digital real estate title and escrow platform headquartered in Seattle, Washington, with $11 million, Casavo, a tech-enabled marketplace headquartered in Milan, Italy, with a $239 million debt-equity deal, 75F, a predictive IoT-based building automation system headquartered in Burnsville, Minnesota, with $4.75 million, and others.
Driving Headlines in Proptech
FUNDING - CRE TECH
OYO (Singapore) raised $204 millionFUNDING - REAL ESTATE TECH
Milan-based proptech Casavo raises (up to) €200 millionFUNDING - CRE TECH
75F Closes $23 Million Series A to Make Building Automation CleanerFUNDING - REAL ESTATE TECH
Aptuno completes $ 1.9 million to break home leasingFUNDING - REAL ESTATE TECH
The Spanish startup Brickbro closes a financing round of €1MIPO - REAL ESTATE TECH
Real estate tech SPAC ICG Hypersonic Acquisition files for a $250 million IPO