Venture Capital Investments in Real Estate Tech - Q1 2018
Quarterly Snapshot - Venture Capital Investments in Real Estate Tech
Venture Capital Investments in Real Estate Tech Drops 26% in Q1 2018
The global real estate tech (proptech) market took a hit in Q1 2018. Total investments in the real estate tech startups fell to $1.4 billion, a 26 percent decline since Q1 2017 and a dramatic 75.5 percent since Q4 2017.
Coupled with the lack of newly formed startups entering the market, 18 in Q1 2018, and the lack of market stability, the decline in venture capital investments is a cause for concern for investors and market participants.
While many believe that 2017 was an exception to the rule, propped up by companies like WeWork, Compass, and Offer Pad, the lack of venture capital culture throughout Europe has many founders and startups looking to make a splash in the more stable US market.