Weekly Radar #293: Flexing Flex Living, Climate Conveyor Belt, The Bull For $34M In MLS Fees, Free Riding On Water
What's covered in this week's GEM Crystal Weekly Radar:
- Landing acquired Barsala for $30M + Blueground raised a $45M Series D.
- Montauk Climate is a new climate-focused incubator. Founded by Casper founder Philip Krim, the incubator focuses on electrification and decarbonization.
- There are 30 MLSs that are not included in the NAR Settlement. Why they should settle?
- Wouldn't it be cool to ride a bike, on water?
- The GEM Proptech Index had a combined market cap of $259.637B (up 0.54% from the previous week).
Geek Estate Blog Recap:
Geek Estate Team
Geek Estate Team
Geek Estate Team
Geek Estate Team
Geek Estate Team
Transmission Recap:
Last week, Dennis Steigerwalt reviewed how water efficiency companies can positively impact sustainability. Before that, Drew covered how innovation in lumber is underappreciated.
BUILT WORLD
FLEXING FLEX LIVING
By: Drew Meyers
Landing, one of the more well-funded companies in the ❇️tech-enabled property management sector❇️, "has acquired Barsala, a flexible housing operator, for $30 million," according to PhocusWire. The deal adds "more than 1,000 units across 11 U.S. markets to [Landing's] portfolio." Meanwhile, Blueground raised a $45 million Series D with participation from Susquehanna Private Equity, WestCap, and others.
It's surprising to see a Series D in a sector that has ❇️performed so poorly in the public markets❇️ (Selina, Sonder). Either those investors know/believe something we don't, or it's a prime example of dumb money being put to work.