Dear MetaProp Community,
There has been a great deal of financial activity in the PropTech sector lately. As reported earlier this year in our 2020 Year-End Global PropTech Confidence Index, investor confidence is at an all-time high, with 59% of those surveyed affirming they expected to make more PropTech investments during 2021 than the year before.
In line with this trend, please see below we present two noticeable funding developments from our own portfolio.
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HqO Raises $60M in Series C Funding to Power the Tenant Experience for Modern Office Environments
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HqO, the only tenant experience operating system for commercial office buildings, announced it raised $60M in Series C funding from leading venture capital and CRE firms. The company will use the funds to support its rapid growth.
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As HqO continues to scale, it will expand its existing footprints in Boston, New York City, London, and Paris, as well as open new offices in Toronto and the Midwest and West Coast regions of the United States.
The new financing will further accelerate HqO’s growth initiatives and continue the company’s commitment to its world-class product through research and development, as well as support future mergers and acquisitions. Read more here.
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Saltbox Raises $10.6M to Help Booming E-Commerce Stores Store Their Goods.
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Saltbox, a co-warehousing company that provides space for small businesses and e-commerce merchants to operate as well as store and ship goods all under one roof, has completed a $10.6 million Series A round of financing.
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The round was led by Playground Global and included participation from MetaProp, XYZ Venture Capital, Wilshire Lane Partners, and Village Global.
The company plans to use its new capital primarily to expand into new markets, in particular eyeing the Denver, Seattle, and Los Angeles markets. Read more here.
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To learn more about the technologies and companies we are backing, visit metaprop.vc/portfolio
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Tend Raises $125M in Series C Funding Led by Addition
Tend, a New York-based dentistry startup, raised $125 million in Series C funding. Addition led the round and was joined by insiders Redpoint Ventures, GV, Juxtapose, and Zigg Capital. Read More.
Vesta Healthcare Pulls in $65M in Growth Capital Backed by Deerfield, Kaiser Permanente
Vesta Healthcare, a New York-based digital health platform focused on home-based care, has raised $65M in growth capital led by Deerfield Management Company, with participation from earlier investors Oak HC/FT, Kaiser Permanente Ventures, Lux Capital, Generator Ventures, Nationwide, CareCentrix and Epstein Partners. Read More.
Mortgage is Suddenly Sexy as SoftBank Pumps $500M in Better.com at a $6B Valuation
Better.com, a New York-based digital montage lender, has raised $500M in funding from SoftBank that values the company at $6B. Notably, that's up 50% from the $4B where it was valued in November when it raised $200M in Series D financing. The company has raised $900M altogether. Read More.
Swyft Raises $17.5M to Bring Same-Day Delivery To All The Retailers That Aren’t Amazon
Swyft, a San Francisco-based provider of same-day retail delivery services, raised $17.5M in Series A funding. Inovia Capital and Forerunner Ventures co-led, and were joined by Shopify and existing backers Golden Ventures and Trucks VC. Read More.
Ark Closes $3.4M in Series A Financing Led by Vitruvian Partners
Ark, a Boston-based investor portal designed for private equity, venture capital and real estate fund managers, raised $3.4M in Series A funding. Vitruvian Partners led the round. Read More.
NoiseAware Raised $8M Series A Funding to Expand Rental Property Protection Service
NoiseAware, a six-year-old, Dallas, Tex.-based company that makes noise monitoring products that property owners can plug in to measure the noise levels in their homes (Airbnb hosts are customers, for example), has raised $8M in Series A funding led by S3 Ventures and Thayer Ventures. Read More.
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34% of WFH Workers Say They’d Rather Quit Than Return to Full-Time Office Work
A new survey of WFH (work-from-home) employees suggests that many are not yet ready to return to the office. In fact, they may never be ready. The survey found that 34% of WFH respondents say they would rather quit than return to a full-time office job. Read More.
Brookfield Property Partners Going Private in $6.5B Deal
Brookfield Asset Management will take its property arm, Brookfield Property Partners (BPY), private in a $6.5B deal. The asset management firm plans to buy the rest of the shares of BPY, one of North America’s largest landlords, that it doesn’t already own for $18.17 per share in cash. Read More.
 Fathom Holdings Signs Definitive Agreement to Acquire Technology Platform LiveBy
Fathom Holdings Inc., a holding company that primarily operates through its wholly-owned subsidiary, Fathom Realty, LLC, a national, cloud-based, technology-driven, residential real estate brokerage, today announced that it has signed a definitive agreement to acquire hyperlocal data and technology platform, LiveBy, Inc. Read More.
Charleston Real Estate Tech Firm Buys California Software Company
BoomTown announced its acquisition of Brokermint, although the financial terms of the deal weren’t disclosed. Boomtown is a real estate sales and marketing company while Brokermint automates back-office management and transactions. Read More.
Ex-Zillow CEO Spencer Rascoff Leads SPAC Deal to Acquire Offerpad, A Rival to His Former Employer
Rascoff, who left the CEO post at the Seattle real estate juggernaut in February 2019, is part of a group of SPAC investors that’s buying Offerpad, a 6-year-old real estate company that competes directly with Zillow Group in a quest to transform how people buy and sell homes. Read More.
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Product Designer
Based in New York City and founded in 2019 by serial entrepreneur Rob Bailey, BackboneAI is growing its already global team. You will design the UI and UX, own the design library, and manage the overall design process and implementation. You will transform the product roadmap into a seamless product experience. As part of an early, nimble team, you will be both strategist and do-er, responsible for the outcomes of the plans you put forth. Don’t miss out on this opportunity! For more, click here.
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Head of Partner Marketing
VergeSense is hiring a partner marketing leader to team up with our Head of Partnerships to build and promote their growing partner ecosystem. VergeSense is betting on partnerships being a leading area for growth in 2021, and this is a crucial role in making that happen. This role is both doer and dreamer. As you plan your initiatives, also expect to roll up your sleeves and use your resources to get it done. For more, click here.
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Operations Manager
Bizly is welcoming more humans to their operations department to grow our capabilities, reach, and impact—and to change the fate of meetings forever. As operations manager, you’ll get to spearhead the first phase of their content and partnership initiatives, get the word out about Bizly’s open roles, programs, big news and drive impact, manage activation awareness campaigns (using social media and other channels) to ensure they hit talent pipeline targets set by their operations leader, and more. For more information, click here.
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For other hot positions in PropTech visit MetaProp's portfolio job board.
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April 29, 2021 | 3:15PM ET | Online
Fireside Chat with Aaron Block on 4/29
Connected Virtual Tech Event
Join MetaProp Co-Founder and Managing Partner, Aaron Block, at Connected's Virtual Tech Event as he speaks about Communications Requirements for a Flexible Work Environment. Register here!
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