This Week in Proptech - May 7, 2021

This week in proptech, approximately $521 million (+68.6%) was invested in real estate technology companies. Globally, 16 companies announced funding rounds at a median of $7.125 million. Investments ranged across a variety of sectors including construction, residential, logistics, and architecture.

Notable Rounds

On April 29, 2021, Solidia Technologies, a Piscataway, NJ-based sustainability construction and industrial products company, announced a $78 million venture round led by Imperative Science Ventures with participation from BP, Piva Capital, Prelude Ventures, and 5 other investors. April 30, 2021, Material Bank, a New York-based architectural and design-focused material marketplace, announced an additional $100 million round, valuing the company at $1 billion. The round was led by General Catalyst, bringing the company's total funding to $157 million. On May 3, 2021, Prescient, a Charlotte-based architectural software and design startup, announced a $190 million private equity round from Eldridge and JE Dunn Construction.

---

Driving Headlines in Proptech

• FUNDING - CONSTRUCTION TECH
  The Latest Hot Marketplace, Material Bank, Raises $100 Million To Source Architectural And Construction Products—With Help From Robots
  

• FUNDING - CONSTRUCTION TECH
  Solidia closes $78 Million Funding as Carbon Removal Popularity Grows
  

• FUNDING - CONSTRUCTION TECH
  Prescient Announces $190 Million Strategic Investment Led by Long-Term Investors Eldridge and JE Dunn
  

• FUNDING - LOGISTICS TECH
  Einride raises $110M to build autonomous freight transport vehicles
  

• FUNDING - REAL ESTATE TECH
  Mobile-First Brokerage Avenue 8 Raises $14M
  

• FUNDING - CONSTRUCTION TECH
  Düsseldorf-based commodities trading platform Metalshub hammers home $11 million, pulls entire industry to the 21st-century forge
  

• FUNDING - LOGISTICS TECH
  Egypt’s Flextock closes $3.25M in the largest pre-seed yet in MENA