Weekly Proptech: Friday, June 10, 2022

Written By CRETI
 
 
 

This Week in Proptech

$210 million was invested across 17 companies at a median funding amount of $5.7 million. Some of the largest rounds of funding went to construction, residential, multifamily, property and facilities management, and more.

Why Does This Matter?

Venture capital investments in real estate technology entrepreneurs and companies have historically been a key performance indicator of the financial health⚕️ and wellness 💊 of the sector. What if there was more to funding 💸? What if there were other metrics that can help support the health of the proptech ecosystem, like jobs 💼?

Similar to the U.S. 🇺🇸 Jobs Report by the Bureau of Labor Statistics, we think and believe that job creation is amongst the strongest indicators of health in the proptech industry and we will begin reporting on the health of the proptech jobs marketing in a few weeks.

What Does This Mean For Proptech?

The Center for Real Estate Technology & Innovation will provide the real estate technology industry with the first-ever job index. The CRETI Jobs Index will provide an estimate on the U.S. proptech job creation rate and the monthly change in new jobs, as well as remote/hybrid to in-person job comparison. Please stay tuned for more information.

CRETI Venture Capital Index

CRETI Proptech Index
The CRETI Proptech Index is a private market real estate technology index tracking the financial performance of the proptech industry. It is the most followed proptech venture capital indices, globally. Contact us to learn more.

TOGETHER WITH Moderne Ventures

Moderne Ventures is now accepting applications for its 2022 Midyear Passport class!

The Moderne Passport is a 6-month industry immersion program. We help proptech companies refine and execute their go-to-market strategies, connect with members of the Moderne Network™ - access to 700 corporations and executives in the real estate industry, and provide mentorship, pilot, and investment opportunities.

The Future of Affordable & Equitable Housing

On this show, Ashkán Zandieh chats with leading real estate tech investors Jenny Song of Navitas Capital, Paige Pitcher of Moderne Ventures, and Sarah Liu of Fifth Wall on the future of affordable and equitable housing. These industry experts will take a deep dive into the current state of the housing and rental market, technology solutions for the housing crisis, where the industry is heading, and a whole lot more. If you want to speak or sponsor a CRETI event, contact us.

Notable Rounds of Funding

  • June 7, 2022 — Fergus, an Auckland, New Zealand-based job management platform for trades and field service businesses, raised a $15 million Series B from Equity Venture Partners and Octopus Ventures.

  • June 8, 2022 — Teleo, a Palo Alto, CA-based remote-controlled construction equipment comapny, raised a $12 million Series A led by UP Partners with investments from F-Prime Capital, K9 Ventures, and Trucks Venture Capital.

  • June 8, 2022 — Extracker, a San Francisco, CA-based cost communication platform for the commercial construction industry, raised a $7 million Series A led by Cloud Apps Capital Partners with investments from Building Ventures and Jackson Square Ventures.

 
CRETI https://cretiventures.com
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Weekly Proptech: Friday, June 3, 2022