Deals
Hilti makes $300M construction tech acquisition
PlaceTech - November 23
In what is reportedly the largest acquisition in the construction tech sector, global construction services company Hilti Group has agreed to acquire Fieldwire for $300 million. Fieldwire provides task management software for construction teams on commercial sites. Users can assign tasks, track performance, and collaborate with entire teams on the platform.
Place raises $100M at a $1B valuation as Goldman Sachs leads its first round of funding
Tech Crunch – November 17
Many real estate technology companies are developing technology that is in competition with, or could potentially replace, real estate agents. One startup that aims to help agents succeed and flourish with its technology and "bundled business services," Place, has raised $100 million in a Series A round at a valuation north of $1 billion. Goldman Sachs Asset Management's growth equity business led the investment, which included participation from 3L Capital.
Property services platform Lessen opening new Seattle office as it raises $170M in fresh funding
GeekWire – November 30
Lessen, a Scottsdale, Arizona-based company that runs a marketplace platform for property services, is growing in Seattle as it gets set to open a new downtown office. Valued at over $1 billion, Lessen also announced that it raised $170 million in a Series B funding round. The company has raised $214 million to date.
Mindspace secures $72M induction to continue shared-space expansion
The Real Deal – November 27
Israeli shared-office space provider Mindspace has secured $72 million to help fuel its expansion in Europe, the United States, and its home country. The fundraising round was led by Harel Insurance Investment and Financial Services to help Mindspace, which manages 1 million square feet of office space in 32 branches across 17 cities and seven countries, continue to expand during a difficult time in the commercial real estate market when it added new locations in London, Tel Aviv, and Philadelphia.
Reonomy sells CRE data platform in $202M deal
MPA – November 15
Reonomy has agreed to sell its commercial real estate data platform to Altus Group Limited for $201.5 million. Reonomy's dataset includes more than 50 million commercial properties, 38 million mortgages, and 68 million property sales in the U.S.
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