Stem
Stem Behind-The-Meter Energy Storage Business and Financials Examined
October 4th, 20233 Things We Learned About Smart Building SPACs in 2022
December 20th, 2022
Is the Failed tado Deal Another Nail in the SPAC Coffin?
Another month and another failed SPAC in the smart buildings industry, this time involving German smart thermostat provider, tado. Each special purpose acquisition company (SPAC) deal offers a different set of reasons for failure, but on the surface, the tado deal with GFJ ESG (the SPAC) appeared to have all the ingredients for success. Tado has […]
SPACS: The 800-pound Gorilla in the PropTech Room
In the same week in July, two more special purpose acquisition company (SPAC) mergers in the smart building security space wrestled with this alternative IPO approach. First, Crown Proptech Acquisitions failed in their attempted merger with access control firm Brivo after the deadline passed before they were able to raise the funds required. Then, 5 […]
The State of SPACs in the Smart Building & PropTech Space
In this Research Note, we examine companies in the proptech and smart buildings space which have opted for a SPAC route to become publicly listed in 2021 and 2022 to date, based on their annual reports, investor presentations, our M&A transactions database and analysis of previous deals. SPAC acquisitions accounted for 11 completed transactions in the smart […]
Tishman Speyer ‘Latches’ on to the SPAC Bandwagon with Smart Locks
Every startup wants to grow and succeed, and traditionally that would take one of two routes. Either showing enough potential to be acquired by a larger firm that will run it independently or integrate it with its other business units, thereby giving the startup’s shareholders a windfall and giving the startup’s products the chance for […]
Will SPACs Offer an Alternative Exit Route for Companies in the Smart Buildings Space?
This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. In 2020, an alternative to a conventional IPO – Special Purpose Acquisition Companies (SPACs) – took the innovation landscape by storm, according to Michael Holman of Lux Research. “A SPAC is an alternative to a conventional initial public offering (IPO) in which an […]
Who is Investing in Smart Building StartUps?
Investment is the bedrock of startups and ambitious corporations alike. Investment is not evenly spread, however, and the firms that receive a larger share of the investment pie do so because they have sold a good idea and their ability to develop that idea. Because of greater investment, those firms are also more likely to […]
Tesla to Build the World’s Biggest Virtual Power Plant
Elon Musk and Tesla are never out of the news for long, their regular media coverage usually takes the shape of a world’s first, biggest, or fastest. So it wasn’t a surprise, when late last week Tesla Energy announced their involvement in another mega-project – the biggest virtual power plant (VPP) in the world. “Supply […]
Japan Tests Virtual Power Plants with Potential Capacity on Unprecedented Scales
In the aftermath of the 2011 Fukushima Daiichi nuclear accident, the Japanese government embarked upon the largest deregulation of any electricity market worldwide. Through their restructuring they not only want to push away from nuclear energy, but also to promote renewable energy and help modernize the Japanese electric grid by introducing competitive services and flexible […]