Proptech News 05/09/2025
Groupe Premium acquires PropTech Gridky - Costar
Groupe Premium, a major French wealth management firm backed by Blackstone, Eurazeo, and Montefiore Investment, has acquired PropTech platform Gridky to strengthen its real estate offering, particularly for its brokerage arms Predictis and Capfinances. Gridky, founded in 2019, is a B2B and B2C platform listing over 45,000 new real estate properties, offering advanced tools for wealth advisors and agents to assess investment opportunities based on factors like profitability, rental security, and resale potential. This strategic acquisition supports Groupe Premium’s expansion into the new property market and aligns with its mission to innovate and democratize financial services. Gridky’s founders, Mathieu Morio and Tristan Seguin, will continue leading the platform’s technological development and growth. The move reflects Groupe Premium’s broader ambition to provide enhanced real estate investment solutions while maintaining its strong social commitment and leadership in insurance brokerage, asset management, and wealth advisory services.
Proptech startup Alt DRX raises $2.7 million from investors to expand biz - Business Standard
Alt DRX, a Bengaluru-based proptech startup, has raised $2.7 million in a Pre-Series A funding round to expand its digital real estate platform. The funding round was led by Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund, and nX Capital. Alt DRX operates a tokenized digital real estate marketplace, allowing users to buy and sell fractional ownership of residential properties. The platform uses blockchain technology for transparency, instant settlements, and algorithmic daily pricing. Investors earn rental income from their holdings and can trade property shares via the company's mobile app. The new capital will be used for acquiring residential assets, enhancing technology, marketing initiatives, and regulatory licensing. Alt DRX aims to democratize real estate investment in "Middle India" and is part of the IFSCA innovation sandbox at GIFT City and Qatar Financial Centre's Digital Assets Lab. The real-world asset tokenization market is expected to reach $18 trillion by 2033, with real estate among the top asset classes to benefit from this trend.
Construction site safety proptech bags rival amid $4.5 million raise - StartupDaily.
Sydney startup 1Breadcrumb and Canberra-based platform SignOnSite are merging in the construction safety software market. The deal, which includes a $4.5 million SAFE note backed by Five V Capital and Tribe Global Ventures, comes with a US-based family office. SignOnSite, founded in 2013, focuses on worksite and process management software for construction sites, with nearly two-thirds of sites still using paper-based workflows. Both companies play in a similar space to tech unicorn SafetyCulture. SignOnSite, founded in 2013, raised $500,000 in pre-Seed funding in 2015 and $590,000 in a Seed round 12 months later. The tech platform has raised additional rounds backed by VCs Black Nova, Venture Builders, and Common Sense over several years. The merged company will service around 900 companies and more than 1.5 million construction workers in Australia, New Zealand, and the UK. Key investors from SignOnSite will join the merged company's cap table, while some early investors will exit. Garlan will become chief commercial officer under CEO Simon Elliott.
Optimizing Smart Home Performance: Leveraging KPI Development and Analytics for Energy Efficiency and User Satisfaction in PropTech - Mid-Day
The PropTech sector is evolving rapidly, driven by IoT, AI, and data analytics to enhance sustainability, comfort, and energy efficiency in smart buildings. At the forefront is Simran Sethi, a data-driven leader with over three years of experience in fashion and property tech startups across Europe. Her expertise lies in creating KPI frameworks that connect technical systems with human experiences, enabling smarter, more responsive homes. Simran emphasizes KPIs that measure energy use, occupant satisfaction, and system performance, offering tailored dashboards for stakeholders like building operators and property owners. Her research, including a notable finding on switch response times, has improved smart home usability and satisfaction. She has also addressed challenges like integrating legacy systems and balancing stakeholder priorities. Through her published works, Simran champions ethical data use, AI-driven insights, and real-time carbon tracking. Her forward-looking approach envisions smart homes as adaptive, empathetic, and community-focused environments powered by predictive analytics and user-driven design.