European Space Agency backs geospatial project to protect utilities

Lessen has acquired SMSAssist, a facilities maintenance tech company, in the largest private-to-private proptech M&A deal in history.

By integrating Forbury’s investment modelling tools, Coyote aims to help real estate investment teams make faster, better-informed decisions.

Property consultancy Rapleys has warned that government projections about the cost of decarbonising the public estate underestimate true costs.

The developer has dropped plans to take a proptech company public via a blank cheque company, citing what it believed to be unsustainable startup valuations.

The UK’s Geospatial Commission has announced plans to improve location data on electric car chargers ahead of the government’s 2030 ban on the sale of new petrol and diesel vehicles.

Taking a cautious approach to investment, VCs invested $19.8bn in real estate innovation globally this year, down from a record-setting $32bn in 2021.

One year ago, the proptech market eagerly awaited another 12 months of high investment and adoption. Now, facing economic jitters and tightening purse strings, the sector is coming to terms with a gloomier outlook – alongside continued optimism.

The VC firm announced the final close of the Real Estate Technology Fund III, taking its total capital raised for proptech to more than $1bn in 2022 alone.

Monitoring supply chain emissions is a frustrating exercise for even the most carbon-conscious organisation. One Australian startup is trying to change that.

“The same way Tesla’s electrification of cars has influenced the motor industry, we want to be the catalyst of change to circularity in the workspace industry,” CEO Anders Jepsen said following a nine-figure funding round.

From wind turbines on buildings to software that shows the impact of sustainability decisions, ideas from nine startups have been chosen for the Amazon Web Services Sustainable Cities Accelerator for Infrastructure.