DEALS | AI building security gets human touch

Completing one of the largest funding rounds in Austrian history, digital construction management startup PlanRadar has set its sights on the US, Asia and Australia.

Divvy Homes, a company that seeks to make homeownership more accessible with its rent-to-own product, has appointed a Blackstone managing director as COO months after securing a $2bn valuation.

Real estate is “absolutely insufficiently prepared” for climate change risks, PropTech1 Ventures told PlaceTech as it closed its €50m inaugural fund with backing from an insurance investor.

A startup that cuts material and emissions in concrete by up to 90% with 3D printing is among nine selected for the latest RElab scale-up programme, dominated by construction and sustainability innovations.

The company has partnered with software provider UiPath to provide staff with more reliable real estate analytics and cut the number of manual tasks they do.

JLL wants to help clients save money and reduce energy consumption by tightening the belts of building management systems.

The proptech platform, which automates HVAC systems in more than 100m sq ft of buildings worldwide, has raised $24m in the first close of a Series A funding round.

Responding to the sector’s notoriously slow payments, construction management software provider Procore has agreed to acquire Levelset for $500m.

Seeking to personalise the entire home buying process across EMEA, the proptech startup secured $20m in Series A funding to accelerate its expansion in the region.