This Week in Proptech - September 17, 2021
This week in proptech, $520 million was invested in real estate technology companies. Globally, 11 companies announced funding rounds at a median of $40.5 million. Investments ranged across a handful of sectors, including residential and commercial across finance, management, and acquisitions.
Notable Rounds
On September 14, 2021, Ribbon raised a $350 million Series C, in debt and equity, led by Greenspring Associates with investment from 75 & Sunny, Bain Capital Ventures, First American, Greylock, NFX, Nyca Partners, Thomvest Ventures, TriplePoint Capital, Waterfall Asset Management, and 3 angel investors. Debt round led by Goldman Sachs.
On September 14, 2021, Pacaso raised a $125 million Series C led by SoftBank Vision Fund with investments from 75 & Sunny, Greycroft, Fifth Wall, Global Founders Capital, Gaingels, Flucas Ventures, and Crosscut Ventures.
On September 16, 2021, Mynd raised a $57.3 million unknown venture round from QED Investors.
Driving Headlines in Proptech
FUNDING - REAL ESTATE TECH
SoftBank’s latest proptech bet is leading Pacaso’s $125M Series CNEWS - REAL ESTATE TECH
Spike in proptech players sparks $18 billion of M&AFUNDING - CRE TECH
Mynd raises $57.3M at an $807M valuation to give people a way to invest in rental properties remotelyNEWS - CRE TECH
Proptech Advisory August Hill Aims to Bridge VC-Startup DivideNEWS - CRE TECH
This Mexican proptech wants to revolutionize the rental of a commercial spotNEWS - REAL ESTATE TECH
There's A Generational Divide Over Proptech, And It Could Help You Snag A Better SalaryFUNDING - REAL ESTATE TECH
Landed lands $31 million as it seeks to help more essential workers become homeownersFUNDING - REAL ESTATE TECH
Measurabl raises $50M to help reduce carbon footprint of commercial buildingsNEWS - REAL ESTATE TECH
Tech-enabled ‘homeownership’ platform Ribbon raises $75M Series C
