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Last Week in CRE Tech Investment

FEBRUARY 15th, 2019

Each week our team recaps the top commercial real estate relevant mergers, acquisitions, and investments from the previous week. We focus on office, multifamily, retail, industrial, operational tech, energy, construction, design, and capital market companies that are disrupting the industry.

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Deal Sheet

Office - $2M

3DEN — New York, NY based company that aggregates the disparate offerings of coffee shops, hotel lobbies and gyms into a platform for people to find new places to work unwind, and recharge during the day raised $2M in seed funding

Residential - $19.1M

2nd Address — San Francisco, CA based rental platform for business travelers secured $10M in funding

Mojo Mortgages — Manchester, UK based online mortgage broker, secured £7M ($9.1M) in Series A funding

Retail - $30M

Second Measure — San Mateo, CA based technology company that analyzes billions of everyday purchases to answer real-time questions about consumer behavior closed $20M in Series A funding

Qu (formerly Gusto POS) — Bethesda, MD based provider of point-of-sale technology for fast casual and quick service restaurant chains raised $10M in Series B funding

Industrial - $101M

Tank Utility — Boston, MA based provider of IoT tank monitoring and logistics optimization services raised $6M in financing

TuSimple — San Diego, CA based global self-driving truck company raised $95M in Series D funding (read here)

Hotel - $390K

Raven — Glasgow, Scotland, UK based provider of a real-time crisis and incident management tool for events, raised £300K ($390k) in funding

Smart Building - $23.5M+

Logical Buildings — Livingston, NJ based smart building and grid-edge energy management software company completed a $3.5M Series C-1 funding round

Peltarion — a Stockholm, Sweden based Operational AI startup closed a $20M Series A financing

nDimensional — Boston, MA based Artificial Intelligence (AI), big data and IoT application development platform company received an investment from Leawood Venture Capital

CRE Operations - $72.7M

Jointer.io — Los Altos, CA based commercial real estate investing platform that tokenizes properties raised $2.5M in seed funding

Remine — Fairfax, VA based real estate data and analytics company raised $30M in Series A funding

Evisort — San Carlos, CA based artificial intelligence (AI) contract management company raised $4.5M in seed funding

Castle — San Francisco, CA based user identity company raised $9.2M in Series A funding

Affinity — San Francisco, CA based relationship intelligence platform raised $26.5M in Series B funding

Construction & Design - $500K

Eyrus — Washington, DC based construction tech company raised $500k in bridge funding

Cyber Security - $134.5M

Axonius — New York, NY based cybersecurity asset management company raised $13M in Series A funding

PerimeterX — San Mateo, CA based botnet defender secured $43M in Series C funding

Illumio — Sunnyvale, CA based cybersecurity company delivering micro-segmentation raised $65M in Series E funding

NXM Labs Inc. — San Francisco, CA based autonomous security and data integrity company closed its $5.5M pre-Series A funding

Elevate Security — Berkeley, CA and Montreal, Canada based cybersecurity behavior company raised $8M in Series A funding

Smart City Tech - $34M

May Mobility — Ann Arbor, MI based enterprise autonomous transportation company providing daily transit to the American public raised $22M in Series A funding

RapidDeploy — Austin, TX based, cloud-based software that enables public safety officials to reduce emergency response times and improve situational awareness raised $12M in Series A financing

$417.7M+

Total Investment This Week


24

# of Deals This Week


$17.4M

Avg. Deal Size This Week


$95M

Biggest Deal This Week