July was a sluggish month for the real estate tech sector.
The real estate tech sector struggled to perform at June 2017 or July 2016 levels. Amid a June rally and healthy stock market, early stage and late stage investors scaled back investments in real estate tech companies.
According to Crunchbase data, in July 2017, six (6) real estate tech companies were funded, a 40 percent decrease when compared to July 2016.
From June 2017 though July 2017, sixteen (16) real estate tech companies were funded. Month over month, the real estate tech sector experienced a 40 percent decrease.
July Real Estate Tech Snapshot
- Total Funded Amount: $1.260 B
- Average Funded Amount: $252 M
- Median Funded Amount: $524,028
- Max Funded Amount: $760 M