M&A / FundingProptechReal Estate Tech

Proptech venture capital funding hits record $13.1B

Despite record first half of 2022, report found funding decreased 23% in Q2

Today, the Center for Real Estate Technology & Innovation (CRETI) released its H1 2022 Proptech Index, with data showing that venture capital investments in private real estate tech outperformed the global venture capital market.

The report found that through the first half of 2022 a record $13.1 billion was invested in real estate tech and proptech companies, with industry venture funding increasing by 5.65% ($700 million) compared to the first half of 2021.

“It remains to be seen, but at these levels, the proptech industry is on pace to match or set a new record in venture funding,” stated Ashkán Zandieh, co-chair at the Center for Real Estate Technology & Innovation, in a release shared with FinLedger. 

He added, “While I’m bullish on the financial health of the private proptech venture market, it’s worth noting that there is some choppiness in the market which makes landing a little rough for companies across the board.”

CRETI also found that through the first half of the year the market fell 23% quarter-over-quarter, and noted a slight shift in proptech investing from early-stage funding (seed, Series A) towards late-stage (Series B and later).

Despite a decrease in overall capital, the report found that 26% of global funding went towards industrial and residential real estate technology, marking the largest growth segments for funding for H1 2022. Broken down by vertical, these segments were followed by hospitality (20%), commercial (12%), construction (11%) and other (5%).

The report also found that the median weekly funding for H1 2022 finished at $444 million. Week 20 (5/16-5/22) marked the highest funding week of Q2 with over $1 billion invested.

In other recent proptech news, Matterport acquired VHT Studios to bolster and expand its real estate digital marketing services. Clean02 also announced a $2.12 million seed round to scale its commercial-focused carbon capture technology.

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