📰 TLDR

• equiwatt raises £300K in funding

• Schüttflix raises €45M in Funding

• Clockworks Analytics closes $16M Funding

• Kamma raises £3.6M in Funding

• Crowda raises $1M in Pre-Seed

• Pest Share raises $4.5 Million in Seed

• TrueBuilt raises $4M in Seed

• 🌟PropTech Star of the week: TrueBuilt is a construction tech startup focused on providing pre-construction software for major commercial builders.

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❗Highlights in PropTech

equiwatt raises £300K in Funding

• equiwatt is a clean-tech startup that brings residential demand side response to householders in the UK with a mobile app that connects to smart meters and smart plugs, alerting consumers to reduce the energy used by appliances and EV charging during periods of peak demand.

• By establishing a collective community of users engaged in energy reduction at the same time, equiwatt is helping optimize home energy usage.

Schüttflix raises €45M in Funding

• Schüttflix connects contractors, bulk materials sellers, carriers, and disposers to get sand, gravel, and grit, among other products needed across the construction industry.

Clockworks Analytics closes $16M Funding

• Clockworks Analytics is an essential smart building intelligence platform that provides data-driven insights into property operations for facility and energy managers. Through its cloud-based building analytics software, the company proactively identifies inefficiencies and root causes within building systems and prioritizes the most urgent tasks for building staff in real time.

• By creating a high level of operational intelligence about a building, Clockworks helps property teams improve the reliability of their buildings’ equipment, while improving air quality and reducing energy consumption and operational costs.

• Its intelligent HVAC analytics helps building teams identify the highest priority energy, comfort, and equipment issues in their buildings, complete with root-cause diagnostics and recommended actions.

Kamma raises £3.6M in Funding

• Kamma combines data collection and address-matching technology with insightful analysis to articulate routes to net zero. Its data empowers climate change solutions range from ESG risk management and reporting to retrofit optimisation solutions.

• Current clients range from asset managers to property funds to mortgage lenders and include CBRE, JLL, Knight Frank, Foxtons, LendInvest and Gresham House.

Crowda raises $1M in Pre-Seed

• Crowda is an AI-powered funding platform designed to improve the way real estate development projects are funded.

• By leveraging advanced AI algorithms, it aims to provide developers with access to capital while offering investors data-driven insights to identify high-potential opportunities. The platform leverages technologies to assess, analyze, and match real estate development projects with potential investors.

Pest Share raises $4.5 Million in Seed

• Pest Share is a software platform that enables renters across the US to report pest issues. The platform then connects them to an exterminator or other expert to take care of the problem. Pest Share says its goal is to help cut down costs and hassle for both the property managers and residents.

Occuspace raises $3.6M in Seed

• Occuspace is an occupancy management solution. The privacy-friendly IoT occupancy tracking technology and consumer iOS and Android app, Waitz, allow institutions, property owners, and patrons to monitor crowd levels in a given space in real time.

• Occuspace customers leverage the power of occupancy data to effectively design and manage the use of physical spaces to improve operations and visitor experiences.

🌟PropTech Star of the week: TrueBuilt

TrueBuilt is an emerging startup in the construction technology (contech) field. According to Commercial Observer, the company has recently secured a notable seed funding round, signaling strong investor confidence. Their platform offers digital pre-construction management solutions, bringing a fresh perspective to the traditional construction management sector.

TrueBuilt's platform is not just about managing tasks but aims to transform how construction companies handle their entire project life cycle—from inception to completion.

Pre-construction is the process of identifying and quantifying the amount of materials, equipment and labor needed to complete a project,” said Jon Sibley, founder and CEO at Huntington Beach, Calif.-based TrueBuilt. “There are legacy solutions out there that are very clunky. We’re a modern cloud-based, end-to-end software.

What do we like?

• Comprehensive Management - TrueBuilt offers a full suite of tools designed for end-to-end construction management, thereby streamlining operations and enhancing efficiency.

• User-Friendly Interface - The platform's intuitive design ensures that even those who are not tech-savvy can easily navigate through various functionalities.

• Real-time Collaboration - Supports real-time collaboration among team members, subcontractors, and clients, ensuring that everyone is on the same page.

• Data-Driven Insights - Harnesses the power of data analytics to provide actionable insights that can improve decision-making and project outcomes.

What are the risks? 

• Market Penetration - Being a new player, TrueBuilt has the challenge of establishing itself in a market that has existing, entrenched competitors. These competitors might implement solutions to directly target TrueBuilt’s niche segment.

• Industry Hurdles - The company will need to ensure that their digital solutions comply with various industry standards and regulations, if any, while minimizing churn risks.

• Software Integration - TrueBuilt needs to demonstrate that their platform can easily integrate with existing tools and software used in the construction industry in order to increase adoption.

Overall

TrueBuilt is helping modernize the takeoff and estimation processes of the construction management industry. While challenges exist, such as market penetration and industry hurdles, the company's recent seed funding indicates strong investor confidence.

If TrueBuilt successfully navigates these hurdles while fending off competitors, they could significantly disrupt traditional methods, offering a more efficient, collaborative, and data-driven approach to construction management.

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