Venture capital has been pouring into proptech startups this year as technology to track carbon emissions and decarbonize buildings scales up in advance of new SEC rules for ESG disclosures.
Defying investors’ waning interest in risky proptech stocks, the sponsor pair behind Porch’s 2020 rocky SPAC merger are taking another firm public — this time are targeting the hot single-family rental sector.
UrbanFootprint, an analytics startup that uses data to better map risk, raised $25 million in Series B funding, the company tells Axios.Why it matters: The round closed April 15, CEO Joe DiStefano tells Axios, meaning current funding rounds are still a lagging indicator of current private market activity.
Buildings are responsible for approximately 21% of all global carbon emissions, according to the United Nations Intergovernmental Panel on Climate Change, and other facets of the built environment generate even more.
A confluence of factors has supercharged interest in the technology of monitoring, tracking and reducing building emissions, especially the expansion of ESG investment.
New research shows climate change will cause a steep increase in the exposure of U.S. properties to wildfire risks during the next 30 years, doubling the risk level in many areas, Andrew writes.
Whether it's multifamily companies tailoring apartment pitches to younger clientele or whether a new medium might offer benefits to commercial real estate professionals, the metaverse has become a serious business topic.
The interconnection of telecommunication cables has long been a foundational consideration when it comes to where data centers are built, but the emergence of 5G and a surge in the volume of wireless data are driving a shift in where those interconnection points need to be, changes that may redraw the data center map.
