📰 TLDR

• Treehouse raises $10M in funding

• Loft Group raises $100M in funding

• Tenant raises $25M in funding

• Flueid raises $12.5M in Series B1

• QuintoAndar raises ‘media for equity’ funding

• Skyline Robotics raises $3.35M in funding

• 🌟PropTech Star of the week: InnerSpace is a SaaS-based space utilization platform that leverages existing Wi-Fi infrastructure – without the need for sensors – to deliver actionable insights to optimize work space usage.

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❗Highlights in PropTech

Treehouse raises $10M in funding

• Treehouse is an electrification company that delivers turnkey installations for home EV charging. Instant pricing allows home charging to be integrated directly into the vehicle loan, reducing barriers to affordability for home charging.

• Treehouse also automates permit documentation and has a proprietary network of electricians, to deliver an elevated experience by managing the customer journey from end to end.

Loft Group raises $100M in funding

• Loft Group is a leading Brazilian real estate company known for its innovative use of technology to transform the real estate experience.

• Loft Group has reached notable milestones, indicating rapid growth and influence in the market. Its dedication to enhancing real estate experiences positions it for continued transformation across Latin America and beyond.

Tenant raises $25M in funding

• Tenant offers a cloud-based, all-in-one digital technology platform purpose-built for the Self Storage Industry. The company provides a single platform of software as a service (SaaS) products, self storage website, and technology solutions that give self storage operators everything they need to run their business across point of sale, operations, and online rentals.

Flueid raises $12.5M in Series B1

• Flueid provides title verification (VOT) solutions to real estate leaders to power streamlined transactions from start to finish. By revealing consumer and ownership information early in each supplier’s process, the company shortens transaction timelines, streamlines workflows, avoids costly delays, and ultimately improves the consumer journey.

QuintoAndar raises ‘media for equity’ funding

• QuintoAndar is a platform that simplifies the rental of residential real estate for landlords and renters. With QuintoAndar, customers can work with a top-notch team that uses the best practices and best tools, be part of a high-impact project that will affect many people's lives, have autonomy to make decisions with no endless meetings, and work in an informal environment and horizontal hierarchy.

Skyline Robotics raises $3.35M in funding

• Skyline Robotics is a NYC-based developer of a high-rise window-cleaning robot.

• Skyline Robotics is the maker of OZMO, a robot that combines artificial intelligence, machine learning and computer vision with advanced robotics and sensors to tackle some of the most pressing industry challenges including labor shortages and worker safety.

🌟PropTech Star of the week: InnerSpace

InnerSpace is a Canadian indoor intelligence SaaS startup. Their primary offering is a utilization platform that leverages existing Wi-Fi infrastructure – without the need for sensors – to deliver actionable insights to optimize work space usage. The company recently raised $10M in Series A.

InnerSpace’s technology isn’t just about creating digital replicas of indoor environments. Instead, it’s about combining spatial data with analytics, creating a framework for more efficient space management and enriched user experiences. The sophisticated merger of real-time data collection with intelligent mapping offers facilities a dynamic way to understand and optimize their spaces.

Using existing Wi-Fi infrastructure, you can measure the number of people in your space and map their location over time. InnerSpace does this by anonymously tracking smart devices like mobile devices and laptops inside a building

What do we like?

• Data-Infused Indoor Mapping - The combination of real-time data analytics with indoor mapping enables a level of data-backed space optimization. The potential applications span from retail store layouts optimized for sales to emergency evacuation routes in large facilities.

• Sensor-less Technology - InnerSpace’s unique sensor-less technology means users don’t need costly installation or device management. They can get started relatively quickly using existing Wi-Fi infrastructure.

• Integration-Friendly Platform - InnerSpace can integrate with existing systems. This means businesses can potentially implement their solutions without the headache of overhauling current infrastructures.

• Strategic Analytics - Moving beyond mere mapping, InnerSpace's platform analyzes spatial data patterns. This functionality could influence operational strategies across diverse sectors, from retail to healthcare.

What are the risks? 

• Data Privacy Issues - In an age where data privacy is paramount, InnerSpace's data collection, even if anonymized, could be met with skepticism or resistance. They'll need to navigate the balance between utility and user privacy.

• Tech Dependency - An over-reliance on technology often brings its own set of vulnerabilities. System downtimes or potential cyber threats could disrupt operations.

• Adoption Rates/Demand - Given the decline in office space demand, the total addressable market (TAM) may decrease. Increasing remote work environments may decrease the need for such work space optimization services.

• Existing Infrastructure - InnerSpace may not work well in areas with high signal impendence or old structures without sufficient existing network coverage.

Overall

Sensor-less technology is definitely the way to go for this business case. InnerSpace has a promising solution in an age where data-backed space optimization decisions are critical. From a sustainability perspective, it’s a great way to understand where to save on utilities costs and optimize for space efficiency.

However, the biggest risks would be from existing infrastructure coverage networks and declining demand for commercial space. These dependencies directly affect InnerSpace’s growth potential. It will be interesting to discover how the company can overcome such obstacles or explore new avenues to supplement decreased office space demand.

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