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November 24th 2020

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

PropertyWeek: ESG Values begin in the Boardroom
Alexander Rhodes was appointed by Mishcon de Reya in April 2020 to head Mishcon Purpose, the first purpose-oriented business to be established by a major law firm. Here are his thoughts.
Bisnow: How AI Is Rapidly Reshaping The Data Center Market
Advanced algorithms are placing new demands on servers [...] But they’re also part of the solution, with software boosting efficiency and raising the bar for data center operators. 
Medium by Daniel Li: Why VCs love SaaS Businesses 
What do VCs really want? They want the best return for their money. 
EU Commission: Amazon antitrust
The EU Commission has informed Amazon of its preliminary view that it has breached EU antitrust rules by distorting competition in online retail markets. 

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

  • Norway's Spacemaker an AI software solution for urban development, was acquired by Autodesk for $240M.
  • Plentific buys UK-based X Tag to bolster its housing compliance tech. More information from VentureBeat
  • Canvas, a company that uses machine learning to install drywall in construction sites, raised $19 million from Innovation Endeavors, Obvious Ventures and Brick & Mortar Ventures.  
  • Clikalia, a Spanish online residential property platform, raised an undisclosed amount from Santander's venture arm, Mouro Capital in a Series A round. 
  • German startup Tourlane, the planning and booking platform for customized multi-day trips, raised €16.8m in their extended Series C from existing investors, which includes Sequoia Capital and Spark Capital.
  • Giraffe 360, a platform that provides photography solutions for listings, floor plans and virtual tours, has raised a $4.5m Series A from LAUNCHub Ventures, Hoxton Ventures and others.

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

The Financial Times: Thanks for polluting the planet: emails blamed for climate change
UK research suggests ‘unnecessary’ online small talk is increasing carbon emissions

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