PropTech Investor confidence is once again at a record high.
Dear MetaProp Community,
Today we bring you the Year-End 2021 Global PropTech Confidence Index, sponsored by PwC and presented by MIPIM, REBNY, and RICS. This major thought leadership report provides the global community with industry insights from startup founders and capital investors regarding the PropTech innovation ecosystem.
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HIGHLIGHTS
- 71% of investors expect to make more PropTech investments over the next 12 months, up from 54% six months ago.
- 73% of startup founders believe that it will be harder, or the same level of difficulty, to raise capital in the upcoming 12 months, up from 58% six months ago.
- Investors expect to invest in at least 8 startups in the upcoming year, a record high for the Index.
- 25% of startup founders expect to hire 20 or more full-time employees in the upcoming year, the highest level we have seen since the Index began in 2016.
Download the report to read some valuable insights from Michelle Killoran, Principal at OMERS Ventures; Daniel Kraft, Head of Digital Investments & Transformation at Stronghold Invest; Marc Minor, CEO at Higharc; Bassem Hamdy, Co-Founder and CEO at Briq; Javier Biosca Ruiz de Ojeda, COO at Floorfy; and Deb Noller, CEO at Switch Automation.
Read exclusive coverage of the report by Commercial Observer.
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Staffbase raises $115M at a $1.1B valuation to help internal comms teams get their message across
General Atlantic led the round with Insight Partners also participating (the pair respectively led and participated in the startup’s previous round a year ago). Staffbase will be using the funding to continue building out more integrations and functionality across its product — with a specific focus on integrating Microsoft’s full 365 suite — as well as continue expanding its business overall from its base in Chemnitz, Germany. Read More.
 Fundrise invests $128M into expansion of Saltbox’s warehouse, co-working spaces for entrepreneurs
Saltbox, a company providing co-working and warehousing space for up-and-coming e-commerce businesses, said it is working with Fundrise, a real estate investment firm, to expand nationally. Fundrise is putting $128 million into the company as part of its larger strategy to invest in well-located, last-mile logistics industrial real estate. Read More.
Snappt raises $100M to combat fraud in rental docs
Snappt, a California-based PropTech startup that helps landlords detect fraudulent rental application documents, announced raising a $100 million Series A led by Insight Partners, according to a press release. The company, which claims a 99.8% accuracy rate, says it will use the funding to accelerate product development, increase its sales and marketing efforts and expand market reach. Read More.
Online building marketplace ArchiPro raises NZ$35m to fast-track growth
Online building marketplace ArchiPro today announced the company has raised $35 million in a Series A funding round led by New York-based Tiger Global, with support from Icehouse Ventures, and Queenstown-based Liger Trading. Read More.
Diamond Age picks up $50M for the future of houses built by robots
Hot on the heels from its $8 million fundraise just a few months ago, Diamond Age is back for a top-up, with a $50 million Series A financing to continue its mission to make homeownership more affordable by using 3D printing and robotics technologies to make home construction significantly cheaper — a welcome change in a world where there’s a 7M-home shortage in the U.S. housing market. Read More.
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PropTech VCs and CEOs Mostly Bullish on 2022: Index
Despite the lingering effects of COVID-19 and growing inflation fears, the end of 2021 saw PropTech investor optimism about the sector tying an all-time high, while founder sentiment slightly receded but remained strong, according to responses to MetaProp’s Year-End 2021 Global PropTech Confidence Index survey. The leading early-stage real estate tech venture capital firm released the index Wednesday morning. Read More.
JLL launches PropTech valuation product
JLL’s Valuation Group, an arm of large commercial real estate service firm Jones Lang LaSalle, announced the launch of its new property intelligence and technology tool, Valorem, according to a press release. Valorem will provide a single tool for clients to organize and manage their portfolio, property, and valuation data, and will offer the ability to collaborate and share information among team members. Read More.
WhyHotel Rebrands as Placemakr, Announces over $90M in Equity Investment
WhyHotel, a tech-enabled hospitality platform, and operator announced the rebrand of its company, now to be known as Placemakr. The rebrand comes alongside $90M in equity investment raised for growth and property acquisitions. In conjunction with these investments, the company also secured committed capital toward its target of $1B of property acquisitions over the next 18-24 months. Read More.
MIPIM: Investor summit tackles offices, net-zero and valuation gaps
This year’s MIPIM RE-Invest summit in Cannes, France brought together around 70 representatives of institutional investors to discuss major challenges facing real estate, including valuations, decarbonization, and the need for new talent. It was the first time that the annual closed-door summit, including sovereign-wealth and pension funds, had congregated in the south of France for three years. Read More.
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MetaProp Portfolio Job Board!
Those looking to get plugged into opportunities with PropTech's hottest companies can visit jobs.metaprop.vc to see current roles available across our portfolio. You can filter by company, topics, job function, and location.
PropTech-minded job seekers can also use the "Get Discovered" link at the top of the page to create a candidate profile in our system. That will automatically send out alerts when open roles are posted that fit a candidate's search and will make their candidacy visible to our PropTech CEOs.
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March 15-18, 2022 | Cannes, France | Palais des Festivals
MIPIM Cannes
Come join us in the South of France for MIPIM Cannes, the world's leading real estate event! Sign deals, secure funding, and build strategic partnerships with real estate leaders. MIPIM gathers the most influential players from all international property sectors. Register here!
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