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November 10th 2020

Concrete's Latest: Congratulations to Buildsafe!

Congratulations to Viktor Broberg and the BuildSafe team for joining forces with their peers Infobric in the Contech industry. We are excited for the future of the 13% global GDP construction sector as they begin to see value creation opportunities with technology in safety, efficiency, and insight using data. See translation here.

Our Favourite Reads
Selected articles from the (Prop)tech newsroom.

McKinsey - Rise of the platform era: The next chapter in construction technology
The construction technology ecosystem is shifting toward integrated software platforms that better serve customer needs. Significant opportunities exist for strategic and financial investors.
The FT: Independent businesses in Britain are coping with Covid better than big chains, data show
Closure rates remain lower because of operators’ agility and smaller cost base during periods of low trade.
Propmodo: Tech Earns JLL Market Share While Office Sector Slides
While some brokerages are in retreat, global megafirm JLL is reaping the benefits of technology sowed long before the pandemic began, gaining ground others have left behind. 
The Economist: Climate-conscious venture capitalists are back
Can they both make money and protect the planet?

Something to Listen
Selected podcasts from the (Prop)tech newsroom

PropCast - Savills and Blockstock discuss ESG and Real Estate

Andrew Teacher from Blackstock Consulting is joined by Tom Hill, director of environmental economics at Saville to Discuss ESG meeting 2050 net-zero goals within the real estate industry.

Deals Spotlight
Highlights from Proptech financing and M&A activity.

  • Reef Technologies raised $700 million in a round led by Softbank to reimagine parking lots. TechCrunch has it covered here
  • Onfleet​, a San Francisco-based provider of delivery management software, announced on Friday it has raised $14 million in Series A
  • Agora, a materials management platform for construction companies, raised $7.2 million.  The round was led by 8VC
  • Local Logic, an AI-based Canadian startup revealing the hidden value of any location, raised $7 million CAD lead by GroundBreak Ventures.
  • The Irish-based, accident prevention tech startup Provizio raised $6.2 million in a seed round.  
  • Doorr, the Toronto-based startup that offers a mortgage platform to brokers and financial institutions, has been acquired by Fologix, a subsidy of Finastra. More information here.  

The Fortnightly Pour
Keeping things in perspective with oddities from Earth and beyond.

MIT Technology Review: Half the Milky Way’s sun-like stars could be home to Earth-like planets
A new study of exoplanet data suggests there are at least 300 million potentially habitable planets orbiting stars like the sun, and likely way more.

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