PropTech Funding Roundup: Spacely AI, Paraspot, First Street, Landerz

March 21, 2024
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This week's proptech funding roundup hits close to home, featuring none other than the startup that won the Pitch Club competition at the recent PropTech and Portal Watch conference in Bangkok. Speaking of...

 

Spacely.ai raises pre-seed round to develop its AI-facilitated interior design tool

Thailand-based generative AI proptech Spacely.ai has raised an undisclosed amount in pre-Series A funding from SCB 10X, a venture capital fund with a special interest in disruptive technologies operated by one of Thailand's largest commercial banks.

Spacely.ai will use the funds to expand operations and development efforts—and is set to open a Series A round worth USD one million this year.

Spacely.ai won the Pitch Club competition at this year's PPW conference in Bangkok. Read CEO Paruey Anadirekkul's full interview with Online Marketplaces here soon!

 

First Street raises $33.5M for its climate risk research for real estate

Brooklyn-based research and technology firm First Street Technology has secured $33.5 million in a venture round from undisclosed investors.

First Street develops software tools that provide detailed insights into the physical climate risks associated with properties, from wind damage to air pollution and dangerously high temperatures

First Street's data is already used by major U.S. portals Realtor.com, Homes.com, and Redfin.

 

Canada-based proptech Landerz secures $1.1M in seed funding

Montreal-based proptech Landerz has raised a seed round of CA$1.5M (USD 1.1M) from investors including Accelia Capital, Investissement Québec, BDC, PME MTL and the Impact Fund of the Société D’Investissement Jeunesse.

Landerz will use the funds to grow its tech, data, customer acquisition and professional development.

Landerz develops technologies and professional services to facilitate the search, evaluation, purchase and sale of land with high development potential, with the majority of listings on its platform focused on residential opportunities in and around Montreal.

Simon Boyer, co-founder and CEO at Landerz, said:

"Landerz aims to triple its size this year, with ambitious objectives in terms of visibility, recruitment and customer acquisition.

"Traditional real estate agencies underinvest in technology, which affects their ability to properly advise their clients. The industry is ripe for profound transformation."

 

Paraspot raises $1.3M to provide automated property inspections in new markets

Berlin-based startup Paraspot AI has raised $1.32M to develop its automated property inspection product and enter new markets.

The round was led by ff Venture Capital, with additional funds contributed by 97212 Ventures. Paraspot previously raised $200k.

Branded as "Moving physical visits, online", Paraspot's technology plays 'spot the difference' with images of properties at check-in and check-out for tenancies, identifying missing items, damaged walls and furniture, and even muddy footprints without a landlord or property manager having to step foot into the unit.

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March 21, 2024
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

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