Property technology (Proptech) startup companies are currently on the rise, Crunchbase News reports. Venture capital-backed real estate companies have raised approximately $11 billion in 2021—a 22% boost from last year, according to recent Crunchbase data. Low interest rates, a good construction market and government spending have all played key roles in the uptick in proptech investment dollars. The flood of institutional money into the real estate industry has been the biggest factor, however.