Top 10 Real Estate and Construction Tech Capital Raises in the U.S. – November 16th-30th, 2024
Several interesting transactions closed in the Real Estate and Construction Tech sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Merger/Acquisition and Corporate
1. Unity Investment Management, provider of asset management services catering to healthcare real estate investment platform, was acquired by Värde Partners.
2. Unreal Estate, developer of an online real estate platform designed to help people buy and sell homes at a fraction of the cost of traditional brokers, raised $3.2 million of venture funding through a combination of convertible debt, SAFE Notes, and equity from Centurion Real Estate Partners, SixThirty Ventures, and C2 Ventures.
Joint Venture
3. JLL Asset Beacon, operator SaaS-based technology platform intended to integrate data across asset management functions to create a real-time, end-to-end view of performance, whether a single asset, fund, or the entire portfolio, was formed as a joint venture between JLL and Slate Asset Management.
Later Stage VC
4. Constrafor, developer of a construction procurement platform designed to streamline interactions in the construction industries, raised $264 million of Series A venture funding through a combination of debt and equity.
5. Teleo, developer of a supervised autonomy technology designed to take control of machinery from a long distance in the construction and mining industries, raised $16.2 million through a combination of Series Aa and Series A Prime funding in a deal led by UP.Partners.
Early Stage VC
6. Algoma, operator of a forward-thinking digital platform designed for automating the integrated, repeatable delivery of sustainable buildings, raised $1.88 million of venture funding.
7. GetMyHome, provider of real estate services intended to offer a full rebate of the seller-paid agent commission fees, raised $1.5 million of venture funding from Embedding VC and other investors.
8. Radious, operator of a B2B marketplace intended to turn houses, apartments, and other residential properties into collaborative workspaces, bookable, raised $703,000 of venture funding.
Angel, Seed, and Grant
9. Re-Ops, operator of the property management marketplace intended to give the real estate industry a single platform, raised $3.4 million of seed funding.
10.InHouse, developer of technology-enabled design and furnishing solutions intended to serve people and cash in on a better guest experience, raised $4.60 million of seed funding from Perkins Cove Partners and other investors.
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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
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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.
