📰 TLDR

• RoboDeck raises $2M in Pre-Seed

• Steadily raises $28.5M in Series B

• McMakler raises 20M Euro cash injection to help business

• Topkey raises $5.1M in Seed funding

• DEBOS raises 1.5M Euros

• Pragmacore raises 74M Rubles

• 🌟PropTech Star of the week: Inspace builds AR and VR products to help Commercial Real Estate portfolio teams with marketing, tours, and presentation.

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❗Highlights in PropTech

RoboDeck

• RoboDeck raises $2M in Pre-Seed

• RoboDeck has developed a robot to help service professionals and commercial properties with deck maintenance in assets such as office buildings, urban areas, boardwalks, restaurants, hotels, and large private homes.

• The company invented a preventive maintenance method performed autonomously by the robot several times a year, preserving the stunning look of decks all year round.

• The incorporation of AI enables the robot to optimize its maintenance routines based on real-time data and environmental conditions.

Steadily

• Steadily raises $28.5M in Series B

• Steadily has built a digital platform to empower landlords with insurance quotes online in minutes, 24/7, from the palm of their hand, in all 50 states.

• The product is built to deliver an improved customer experience at every touch point, enabling real estate investors to access insurance at all stages of their customer lifecycle.

McMakler

• McMakler raises 20M Euro cash injection to help business

• McMakler is the upcoming service leader in the European residential property market. By blending leading personal service and use of technology, McMakler is already the fourth largest real estate agency in Germany.

Topkey

• Topkey raises $5.1M in Seed funding

• Currently in beta, Topkey aims to offer an expense management, billing and payment platform initially focused on vacation rental property managers.

• The platform automates much of the financial processes, which among other tasks sends texts to property managers when there is a purchase and enables them to upload receipts, assign them to a list of preloaded properties and bill the relevant party.

DEBOS

• DEBOS raises 1.5M Euros

• DEBOS has created the first smart building operating system for residential and new construction buildings in Spain, digitizing thousands of homes in just two years.

• DEBOS is the first Spanish company to create its own operating system that integrates all the connected devices in the building or home into simple modules and allows them to be controlled from a single mobile app.

Pragmacore

• Pragmacore raises 74M Rubles

• Pragmacore is a Russian cloud-based construction project management platform, helping teams control project time and budget.

• Built-in machine learning algorithms further help determine open items and expected completion dates for project implementation.

🌟PropTech Star of the week: Inspace

Inspace, an Australian Real Estate VR and AR startup, enables virtual presentations and inspections for Commercial Real Estate (CRE) sales and leasing. The company recently raised $6 million in a funding round co-led by OIF Ventures and B Capital and is servicing $130 billion in real estate across multiple countries via a subscription model and user acquisition of 398% in the past 18 months.

Commercial Real Rstate is often seen as an industry slow to embrace innovation, especially in the deal making process. However, Inspace is reshaping this narrative and decreasing the time to close with their digital portfolio and VR tour solutions.

What do we like?

• VR/AR-Driven Optimization - Utilizing VR/AR technology to streamline the asset presentation process and enable high-quality, lifelike tours from any devices

• Scalability - Easily scalable for any global CRE market, especially for large global CRE portfolio managers.

• Personalized Experiences - Unique links for every prospective tenant, curating the content that is most relevant to them while also collecting analytics on how they engage with assets (which floors, rooms, or information they spend the most time reviewing).

• Centralized Media - All data, PDFs, videos, 3D asset models, and pictures in one place for access from any device. This enables prospective tenants or buyers to review entire portfolios with ease, leading to faster deal making processes.

What are the risks? 

As Inspace seeks to expand its operations, it may face competition from both established real estate management companies and other tech startups entering this space. Differentiating their offering in a competitive market could be a significant challenge if innovation doesn’t outpace competitors.

Furthermore, data and privacy regulations may become problematic if Inspace doesn’t navigate government regulations carefully. After all, Inspace collects data on building information and on how users interact with digital portfolios.

Overall

Inspace offers a new and tech-focused approach to CRE portfolio marketing and presentation. However, while the platform's capabilities are promising, and recent investment is supportive, there is a risk that competition may arise from other tech companies or even customers that may want to develop similar proprietary products.

Based on existing reviews, customers seem to be happy with the product. It remains to be seen whether Inspace can keep up with momentum and increase further growth outside of Australia.

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