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Investors still in love with proptech

Written by CRETech | Dec 6, 2019 12:00:49 PM

Interest from venture capital (VC) in the proptech sector has been going strong and there’s no sign that this will change, KBW analysts have found. In fact, in a recent report issued by KBW, analysts stated that VC investment totaled $4.2 billion in 3Q (averaging multiple sources), with a 42 percent year-over-year increase, while year-to-date funding totals $13.8 billion. KBW analysts estimate 32 deal announcements in 3Q and 108 YTD through November. In the public universe, they estimate 3Q revenues increased 24.5 percent year-over-year to $5.5 billion, up from 18.5 percent a year ago. Real estate FinTech and co-working/flexible space have garnered the most investment this year.