Real Estate and Construction Tech Capital Raises in the U.S. – August 12th-18th, 2024
The Real Estate and Construction Tech sector has seen significant activity this past week, with several companies securing substantial funding to drive innovation.
If you would like more info on these deals or would like to discuss the capital-raising market for your company, please contact me.
Here are the capital raises:
Later Stage VC
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- EliseAI, based in New York, New York, raised $75 million in later-stage VC funding to enhance its AI-driven real estate solutions. (Lead Investor: Sapphire Ventures, Post Valuation: $1.03 billion)
- Livly, located in Chicago, Illinois, secured $10 million in later-stage VC funding to expand its property management platform. (Post Valuation: $189 million)
- Vanilla, from Salt Lake City, Utah, raised an undisclosed amount of venture funding in a deal led by Insight Partners.
Early Stage VC
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- Setpoint, based in Austin, Texas, raised $31 million in early-stage VC funding to develop its real estate transaction platform. (Lead Investor: 645 Ventures)
- Market Stadium, located in New York, New York, secured $1.09 million in early-stage VC funding to innovate in real estate technology.
Grant
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- Landano, from Austin, Texas, received $50,000 of grant funding.
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Axel Reijmers
Managing Director
Former Head of Corporate Finance M&A Americas for the Royal Bank of Scotland and ABN AMRO Bank, based in New York. Began his career at ABN AMRO Bank in Japan, and subsequently in The Netherlands in the Corporate Finance department. Was seconded to New York in 2006 to co-establish the ABN AMRO North America Corporate Finance M&A department and grew it by advising medium and large companies on domestic and cross-border mergers, acquisitions, capital raisings and capital structurings. Led the management buyout of RBS Bank Mexico and RBS Broker-Dealer Mexico in 2014 and spearheaded the subsequent growth of the bank as Head of Investment Banking & Corporate Development. During his tenure he supported companies with capital and financing solutions with a focus on companies in the US and Mexican energy infrastructure sector and fintech sector. Holds a master’s degree in economics from Groningen University, The Netherlands. Holds FINRA Series 7 and 63 licenses.
- Email: areijmers@castleplacement.com
- (C) (201) 747-4718
Axel Reijmers
Managing Director
Please contact me if you have any questions or would like to discuss your capital raise:
Email: areijmers@castleplacement.com
(C) (201) 747-4718
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
