PropTech Startups Are Merging To Entice Big Real Estate Investors

Major real estate investors are still conservative when it comes to PropTech, and startups are looking for ways to legitimize themselves to an industry that still doesn’t fully understand them.

A growing number of small to midsize PropTech companies are merging to achieve scale and diversify their offerings in order to increase their appeal to investors and potential adopters in the real estate industry, according to a new report from real estate/tech law firm Goodwin. As a result, PropTech could be entering its first major wave of consolidation.