This Week in Proptech - March 5, 2021
This week in proptech witnessed a higher volume of smaller deals across a variety of sectors and countries. Approximately $110 million was invested across 15 companies. The majority of deals went to companies that transform the real estate fintech, hospitality, home insurance, and retail industries.
Month-over-month, venture activity increased by 80.9% in February. Approximately $1.887 billion was invested across 76 companies. The largest rounds went to idealista.com with €250 million, Plume Design with $270 million, Fraction with CAD$289 million, Industrious with $200 million, and DOMA (States Title) with $645 million via a SPAC.
Driving Headlines in Proptech
SPAC - REAL ESTATE TECH
Proptech startup States Title, now Doma, going public via SPAC in $3B deal
SPAC - REAL ESTATE TECH
Insurance Startup Hippo to Go Public in $5 Billion SPAC Merger
NEWS - REAL ESTATE TECH
Second Century Ventures Announces REACH Australia’s 2021 Accelerator Class
NEWS - CONSTRUCTION TECH
Procore Re-Files for IPO, Targets NYSE, Just One Year After Calling Off Previous Attempt
NEWS - CRE TECH
SPAC Surge Is Fueling Proptech Growth
IPO - REAL ESTATE TECH
SoftBank-Backed Compass Real Estate Brokerage Files for IPO
NEWS — REAL ESTATE TECH
NAR REACH Innovation Rally: Tech for the Future of Real Estate