Hola to all readers and an special welcome note to 100+ subscribers who are receiving their 1st ReXT newsletter today :)
July has been a fantastic month for PropTech overall. With vaccine efficacy proving to work, and international travel opening up, there is reason for cautious optimism for the real estate sector at large. And evidence is very much pointing in this direction.
Take a look at the LONGGGGGG list of M&As and Fundings in past 30 days. Such an exciting time to be in this industry :)
Sundae, a resi sellers platform, raised $80M in a Series C round co-led by Fifth Wall and General Global Capital.
Block Renovation, a home renovation platform, raised a $40M Series B led by Giant Ventures.
Properly, a resi brokerage startup, raised $35M in Series B funding led by Bain Cap.
Lev, a CRE lending startup, raised $30M in Series A round led by Greenspring.
75F, a building management system platform, raised $28M led by Siemens AG.
Jones, a CRE vendor network startup, raised $12.5M in Series A funding co-led by JLL and Khosla.
Brokrete, a construction commodity market, raised a $3M Seed round led by Xploration Cap.
Cape Analytics, a resi visual inspection platform, raised a $44M Series C led by Pivot Inv Partners.
Billd, a payments system for construction suppliers, raised a $30M Series B led by LL Funds.
Morty, a resi mortgage marketplace, raised $25M in Series B funding.
Mighty Buildings, 3D printed ADUs, added another $22M to its B round.
Abodu, a prefab construction startup, raises $20M in a Series A funding round led by Norwest Venture Partners.
Proper, an accounting platform for property managers, raised a $9M Series A led by QED.
Butlr, a people sensor start-up developer, raised $7.9M in Seed round led by Hyperplane.
UpsideHōM, tech-enabled apartments for older adults, raised $2.25 million in seed funding led by Triple Impact Capital.
Made Renovation, a home renovation startup, raised $23 million in Series A funding led by Insight Partners.
Entrata, a multifamily PMS, raised $507M led by Silver Lake.
Turntide Technologies, an electric motor systems developer, raised $225M led by CPPIB.
Tomo, a resi mortgage startup, has raised $70M in Seed Funding led by Ribbit Capital.
Side, a resi brokerage startup, raised a $50M B round led by Coatue.
Bowery Valuation, a commercial appraisal startup, raised $35M in Series B led by Goldman.
Entera, a platform for SFR investors, raised a $32M Series A led by Goldman Sachs.
Home365, a resi property management firm, raised $16M in funding led by Greensoil.
Toggle, a rebar-bending robotics company, raised $8M in Series A funding led by Tribeca Venture Partners.
Hong Kong-based ADM Capital invests $25 million in Square Yards.
San Francisco-based Safehub, has raised $9 million of Series A financing led by A/O PropTech, Europe’s largest proptech VC.
Real estate platform Casafari raises $15M to allow PE to buy single-family homes at scale.
Real estate technology SPAC Crown PropTech Acquisition files for a $200 million IPO.