Money stops flowing to affordable housing startups

Plus, ’tis the season for layoffs? December 4, 2023 Hi, {NAME}. With housing affordability in the U.S. at a historical low, we can’t help but wonder: Whatever happened to all of those 3D-printed backyard cottages we were promised? Perhaps not surprisingly, startups working on more affordable ways to build new housing are struggling to raise funding. But we also find that even with funding down sharply in recent years, [we are still seeing some investment around the affordable housing theme](. Plus, [layoffs continue]( and [a look at last week’s top 10 deals.]( 🏠[Startups are further from solving the affordable housing shortage]( At the [height of the venture funding boom]( investors were pouring money into startups promising to make housing development faster, more efficient, and — most importantly — cheaper. There were [plenty of compelling-sounding business models in the mix]( from high-tech construction robots to mass-produced backyard cottages. Some were even rolling out 3D-printed houses. [So what’s happened post-peak?]( Related Crunchbase Pro list: [Affordable Housing-Related Funded Companies]( 🏅[Top 10 deals: IT, cyber and AI lead the way]( Only three U.S.-based startups raised $100 million-plus rounds last week — an information technology startup, a cybersecurity company and an AI startup — signaling that the holiday slowdown is likely here. Then again, we could be in for some surprises in the last few weeks of the year. ✂️ [’Tis the season for layoffs if you work at these companies]( Last week wasn’t a good one to work at a company that started with the letter V. Employees at cloud computing company [VMware]( as well as prefab home startup [Veev]( were among those hardest hit by layoffs. Other tech companies conducting layoffs included an enterprise AI provider and a big data unicorn. See also: [The Crunchbase Tech Layoffs Tracker]( 🇺🇸 [VC says base your startup in the U.S. if you want funding]( Want to launch a startup and get funding next year? Here’s why one investor says you should not only have a U.S. office, but also center your life in the U.S. 💰 [These startups raised big last month]( No, last month’s largest funding raise by a U.S. startup — a $1.3 billion deal — wasn’t by a hot new AI startup, but rather the beleaguered e-cigarette maker [Juul](. Things got more interesting from there, though, with space tech, 3D printing and industrial manufacturing among the other large funding deals in November. See also: [The Crunchbase Megadeals Board]( [Crunchbase ROI Calculator]( [See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.]( [Calculate]( Recent Investments [Indra]( [268M EUR]( / [Venture Round]( Indra is a technology and consulting company that offers solutions in information technology, defense, security, and transportation. Categories: Consulting • CRM • Information Services • Information Technology • Security • Service Industry Investors: [JP Morgan Chase]( (Lead) [Ursa Major]( [$38M]( / [Series D]( Ursa Major provides a propulsion system for space launch, hypersonics, and national security. Categories: Aerospace • Satellite Communication • Space Travel Founders: [Joe Laurienti]( Investors: [Eclipse]( (Lead), [Explorer 1 Fund]( (Lead), [BlackRock]( [+ 4 more]( [Enfuce]( [8.5M EUR]( / [Angel Round]( Enfuce is a fintech company that provides various financial services, including payment and card issuing solutions. Categories: Banking • Financial Services • FinTech • Payments Founders: [Denise Johansson]( [Monika Liikamaa]( [Niklas Apellund]( [Tom Gråhn]( [William Ekström]( Investors: [Vitruvian Partners]( (Lead), [Maki.vc]( [Visa]( More Fundings Company Amount / Round Lead Investor [StartEngine]( $305K / [Equity Crowdfunding]( - [Sastrify]( Unknown / [Series B]( [Reimann Investors]( [All Recent Funding Activity]( Recent Acquisitions [7-Eleven Australia]( Pending acquisition by [7-Eleven International]( for 1.7B AUD More Acquisitions Company Acquired By Amount [Bonafide Health]( [Pharmavite]( $425M [All Recent Acquisition Activity]( Upcoming Tech Events [Enterprise Rising Conference -- IN PERSON DEC 2023]( December 11 - 12, 2023 in Saint Paul 100% enterprise SaaS. 100% startups. Come be with your people. Accelerator Deadlines Date Accelerator Location Dec 28, 2023 [International Accelerator]( Austin Dec 29, 2023 [Alchemist Accelerator]( San Francisco [More Upcoming Deadlines]( Don’t see your event? Reach out to us at events@crunchbase.com. #{Rails.configuration.daily.cb_url} Discover innovative companies and the people behind them. [Follow Us on Crunchbase]( [View Jobs on LinkedIn]( [Follow Us on Twitter]( [Like Us on Facebook]( 564 Market St, San Francisco, CA 94104 © 2023 Crunchbase Inc. All rights reserved. [Privacy Policy]( | [Terms of Service]( [Unsubscribe]( from Crunchbase Daily.