Dear MetaProp Community,
If you haven't read Aaron Block's latest blog post, you should! In his latest installment, MetaProp's Co-Founder and Managing Partner reflects on our firm's exciting PropTech journey to date.
Read the piece to get Aaron's insights on the PropTech market and community, and exciting developments going on at MetaProp. Some highlights include:
- MetaProp's $100M+ Fund III is the largest PropTech seed fund in the world
- MetaProp’s cumulative portfolio now counts over 135 PropTech companies, by far the largest portfolio in the industry
- Our investment team sources and screens over 200 new investment opportunities per month
- Our fast-growing investor group now represents over 20 billion square feet of diversified global real estate, as well as leading institutional and family office capital partners
Read additional news coverage of our Fund III close here.
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Are you a Startup CEO or an Investor interested in participating in the Mid-Year 2021 Global PropTech Confidence Index? If so, send us your information to ensure that you receive our survey and a copy of this major thought leadership report.
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The Global PropTech Confidence Index is a barometer of the health of the real estate technology market from the perspective of PropTech CEOs and Investors. The report has been covered extensively by the media, including Bloomberg, KBW, IREI, PlaceTech, Estates Gazette, and Inman.
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 Real Estate Tech Startup Side Raises $50M More at a $2.5B Valuation As It Preps For an IPO
Side, a real estate technology company that works to turn agents and independent brokerages into boutique brands and businesses, has raised “$50 million-plus” in a funding round that more than doubles its valuation to $2.5 billion. Read More.
Bowery Valuation Announces $35M Series B Funding, Fueling Rapid National Expansion
Bowery Valuation recently announced $35M in Series B funding led by Goldman Sachs Asset Management with participation from Capital One Ventures and existing investors including Builders VC, Fika Ventures, Navitas Capital, Camber Creek, Nine Four Ventures, Greenspring Associates, and Alpaca VC. Read More.
SafeAI Announces $21M in Series A Funding to Meet Rising Demand for Autonomous Heavy Equipment
SafeAI, a global leader in autonomous heavy equipment, today announced $21 million in Series A funding led by Builders VC following a year of significant company growth. The new capital will be used to advance the company’s interoperable autonomous technology through accelerated research and development, and fuel global expansion to meet rising demand for autonomous heavy equipment. Read More.
Sealed Raises $16M Series B to Modernize Residential Heating and Cooling and Take Houses Off Fossil Fuels
Sealed, a New York City-based HVAC startup, raised $16 million in Series B funding. Fifth Wall led the round and was joined by investors including FootPrint Coalition Ventures, Cyrus Capital, and CityRock Ventures Read More.
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What Climate Tech Startups Should Know to Scale Their Businesses
Scaling any startup is a challenge. As their businesses grow, startup founders must build innovative products and cultivate top-tier talent bases, all while contending with the immense pressure of standing out in a crowded field of entrepreneurs bidding for the same investment dollars and customer backing. In the climate tech sector, this competition — and the hurdles companies face in order to succeed — becomes particularly heightened. Read More.
Support TracFlo in Their Journey to do Construction Financials Right
Construction is the 2nd least digitized sector in the world! MetaProp portco TracFlo is addressing this issue with in-the-moment documentation with photos and video along with digital review and approval from onsite or offsite, predictive analytics, and simplified workflows among other tools. To support TracFlo, visit their Republic campaign here.
New Lease Accounting Standards Are Just Months Away. Are You Ready?
American enterprise is about to get hit with $3T in new liability. When the new lease accounting standards known as FASB ASC 842 take effect at the end of 2021, every company with leased property must take a drastically new approach to their balance sheet. Now’s the time to get prepared. Read More.
Compass Stock Down Nearly 30% Since IPO
Compass, the second-biggest residential brokerage in the U.S., closed at $14.35 a share in New York trading Thursday, up 34 cents for the day, but down 29% from its debut price of $20.15 on April 1. It sold at its initial public offering at $18 a share. Read More.
Nonbank Lenders Are Dominating the Mortgage Market
Nonbank mortgage lenders in the U.S. issued 68.1% of all mortgages originated in 2020, up from 58.9% in 2019, according to industry research firm Inside Mortgage Finance. That is their highest market share on record and their biggest yearly gain since 2014. Read More.
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Alpha'a In-Conversation with Phil Russo
Alpha’a, the world’s largest online art gallery for business, presents conversations with artists and real estate professionals about the intersection of art and property. Phil talks with MetaProp Co-Founder & General Partner, Zach Aarons, about his generational vision of art in property and what it means for the value of both, as well as for the quality of life for people in remote or densely urban areas. Listen here.
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Customer Success Manager
Younity is looking for a Customer Support Manager!! This role will report directly to our Head of Operations and will be responsible for executing on and defining a repeatable process for onboarding new customers, automating our support functions, and ensuring we provide a level of support unparalleled in the industry!! For more, click here.
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Design Consultant
As the Design Consultant, you are the designer for our customers throughout their experience with Furnishr. You’ll be tasked with helping our sales team reach new heights and building processes that will help grow our business. For more, click here.
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Account Executive
The primary responsibility of this Account Executive is to develop opportunities for revenue growth working, with the sales, marketing and engineering team. If you are looking for an innovative company that wants to make buildings smarter and healthier with a cloud-based operations infrastructure, this role is for you. You’ll work with a dedicated team of professionals from all around the world, from developers to marketers, engineers and data scientists. For more, click here.
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For other hot positions in PropTech visit MetaProp's portfolio job board.
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July 27th-29th, 2021 | Virtual
IGNITE Series
The industry is moving fast - you don’t want to miss this must-attend event as leading change makers share exclusive intel on the trailblazing advancements that are forever changing the commercial real estate landscape. Register here!
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July 29th, 2021 | Shanghai, China or Virtual
PropTech Forum
The first PropTech Forum China 2021 in Shanghai will be an ideal platform where technologies and properties gather for sparkling ideas and practical innovations in China’s real estate industry. PTFC 2021 will combine high-level keynotes, case studies from local and global leaders, interactive panel discussions, and product demo from PropTech startups. Register here!
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October 4-6, 2021 | Mandalay Bay | Las Vegas
Blueprint 2021
Registration is now open for Blueprint's inaugural real estate technology conference with special discounts available to the MetaProp community. Register here!
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