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PropTech Founders' confidence is at an All-Time High.

Dear MetaProp Community,

Today we bring you the Mid-Year 2021 Global PropTech Confidence Index, sponsored by PwC. This major thought leadership report provides the global community with industry insights from startup founders and capital investors regarding the PropTech innovation ecosystem. You can download the report here.

HIGHLIGHTS
  • 91% of founders believe that it will be easier to raise capital during the next 12 months, the most confidence we’ve seen since the Index began in 2016
  • 41% of investors shared that PropTech companies in their portfolio are currently performing above expectation in terms of customer growth
  • 74% of founders expect their vertical to be more competitive in the upcoming 12 months, up from a historic low of 48% in Mid-Year 2020
  • 54% of investors expect to make more PropTech investment over the next few months, up from 33% a year ago
Download the report to read some valuable insights from Brentt Baltimore, Principal at Greycroft; Nora Apsel, CEO and Co-Founder at Morty; Nyasha Gutsa, CEO and Founder at Billy.

Read exclusive coverage of the report by Forbes.

 
DOWNLOAD THE FULL REPORT
 With an Apple Store Designer as a Co-Founder, Juno Raises $20M to Build Apartments More Sustainably
Juno, a proptech startup that aims to build more sustainable and affordable apartment buildings, has raised $20M in a Series A funding round. Comcast Ventures, Khosla Ventures and Real Estate Technology (RET) Ventures co-led the financing, which brings the company’s total raised to $32 million since its 2019 inception. Read More.

Echo Global Logistics to Sell Itself to Private-Equity Firm in $1.3B Deal
Echo Global Logistics Inc. plans to sell itself to private-equity firm Jordan Co. LP in an approximately $1.3B deal that would take private one of the largest freight brokers in a red-hot U.S. shipping market. The agreement would value Chicago-based Echo at $48.25 a share, representing a roughly 54% premium over its closing price Thursday, the companies said Friday. Read More.

Orchard Raises $100M in Series D Funding, Says No Timing Set for Potential IPO
Orchard’s IPO is off the table — for now. The proptech startup, the subject of speculation this summer that it would soon go public, said it raised $100M from new and existing investors, valuing the company at more than $1B. An IPO isn’t likely soon, the CEO said. Read More.

Singapore-Based Caregiving Startup Homage Raises $30M Series C
Homage, the caregiving-focused startup, has raised a $30M Series C led by Sheares Healthcare Group, which is wholly owned by investment firm Temasek. Other participants included new investors DG Daiwa Ventures and Sagana Capital, and returning backers East Ventures (Growth), HealthXCapital, SeedPlus, Trihill Capital and Alternate Ventures. Read More.
 VergeSense Accelerates into Third Quarter with 400% YoY Growth
VergeSense has experienced 400% growth in ARR from Q2 2020 to Q2 2021, as well as more than doubled its roster of customers. We attribute this milestone to our incredible customers and partners as we continue to design and iterate across our products to support global digital transformation. Read More.

TopBuild to Acquire Distribution International In All-Cash Transaction Valued at $1.0B
TopBuild Corp. has entered into an agreement to acquire Distribution International from global private equity firm Advent International in an all-cash transaction valued at $1.0B. TopBuild expects to finance the acquisition using a combination of debt financing and cash on hand and to close the transaction in the fourth quarter of 2021. Read More

Apollo Global Management Clients to Acquire up to 50% Equity Stake in MaxCap Group
Apollo Global Management, Inc. announced that clients managed by its affiliates have entered into a definitive agreement to acquire up to a 50% equity stake in MaxCap Group, a leading Australasian commercial real estate financier and fund manager. Read More.

Conservice Acquires Goby, the ESG Platform
Conservice announced that it has acquired Goby, a leading ESG Platform serving the commercial real estate and fund management industries. The acquisition will further enable Conservice clients to reduce their environmental impact, achieve their sustainability goals, and increase their return on investment. Read More.
Head of Engineering
We need someone to drive the software architecture and engineering strategy of our latest product. We also need to fully map out and drive the right software architecture, including framework and language decisions, and API infrastructure based on the needs of the product and business. A candidate should consider all the opportunities, interdependencies, need areas, and challenges and develop thoughtful durable solutions. For more, click here.
Sales Development Representative
Our representatives are expected to develop qualified outbound leads and target companies to acquire as customers. They will also convert qualified inbound leads into paying clients and qualify prospects to become sales qualified leads. They are expected to define clear value props, tailored client solutions, and develop relationships with people in the industry. For more, click here.
Director of Marketing
We are seeking a well-rounded and entrepreneurial leader with deep digital marketing experience and exceptional problem-solving skills to head up all marketing efforts for Saltbox as we grow at lightning speed. For more, click here.
Venture Capital Operations Associate
MetaProp is looking for an investment operations generalist to join our fast growing investment team. You'll play a key role in owning operations--building, shaping, refining and running the gears of our investment management processes and infrastructure--and helping our fast-paced, high performance team fly even faster. For more, click here.
For other hot positions in PropTech visit MetaProp's portfolio job board.
September 14, 2021 | Virtual
PropTech Next Webinar
Join MetaProp's Co-Founder & Managing Partner, Aaron Block, at FuturePlace's PropTech Next Webinar titled "Overcoming The Challenges of Technology Deployment in Commercial Real Estate." In this free series of candid conversations with industry heavyweights, you'll find out what some of the hurdles are, and steps that can be taken to better identify and accelerate the adoption of technology. Register here!
September 23, 2021 | Virtual
Africa PropTech Pitch Series
Join MetaProp Co-Founder and General Partner, Zach Aarons, at "Africa PropTech Pitch Series," hosted by Seso Global Limited and PropTech Africa! Hear Africa's top PropTech startups pitch to leading sector investors globally. Register here!
October 4-6, 2021 | Mandalay Bay | Las Vegas
Blueprint 2021
Registration is now open for Blueprint's inaugural real estate technology conference with special discounts available to the MetaProp community. Register here!
EARLY BIRD - Save up to 40% until 9/30
December 8-9, 2021 | Javits Center | NYC
Propel by MIPIM NYC in partnership with MetaProp
If you are looking to connect with the industry's key decision-makers, gain insights into the latest PropTech trends, showcase the most innovative solutions, or maximize your brand visibility, you must attend Propel NYC!
 Register here!
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