The COVID-19 pandemic had a negative impact on just about every aspect of the real estate industry, including property technology (proptech). In 2020, global venture capital in commercial real estate proptech dropped by almost 80% compared to 2019, while VC investments in residential proptech fell by less than 10% during that timeframe, according to PitchBook data. As the pandemic subsides however, it looks like both real estate segments are seeing renewed interest from venture capitalists.