Real Estate and Construction Tech Capital Raises in the U.S. – July 25-31, 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 DM me.
Here are the capital raises:
Later Stage VC:
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- First Street (Financial Services), based in New York, New York, raised $46 million to connect climate change to financial risk through transparent, peer-reviewed methodologies. Their technology enables clients to make informed decisions about property investment and climate-resilient planning for the future. (Lead Investor: Innovation Endeavors, Post Valuation: $90.7 million).
- Cove (Washington), located in Washington, D.C., secured $6 million to expand its SaaS platform, which consolidates tenant experience, operations, and key performance data into one system. The platform also offers features like free internet, call boxes, and community connections for freelance professionals. (Lead Investor: Nuveen).
Seed Round:
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- Epum, based in New York, New York, raised $1.52 million to develop big data infrastructure and machine learning models that empower institutional real estate investors. Their technology helps forecast urban growth and decline on the parcel level. (Lead Investor: Curiosity VC).
Merger/Acquisition:
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- Hyperfast Title, located in Miramar, Florida, provides title insurance services for real estate, including residential closings and escrow services. The company was acquired by Madison Settlement to enhance reliable and secure closings. (Deal Date: July 28, 2024). They were also involved in another merger/acquisition deal aimed at expanding its service offerings in the title insurance sector. (Deal Date: July 29, 2024).
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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.
