Real Estate Tech Venture Capital Report - Q1 2017

Investments in real estate businesses, including real estate tech, was off to a strong start in Q1 2017.  

Despite the strong start, venture capitalists are extra cautious and doubling down on established businesses, while returning back to rational dealmaking in real estate and real estate tech, regarding new investment data from Q1 2017.

Venture firms deployed nearly $3 billion in 70 companies, according to data by Crunchbase. However, 90% of venture capital was received by only 10 companies, including WeWork, PropTiger and Placester.  Additionally, non-tech/software based businesses, received nearly $2.65 billion in funding.

Real Estate (Non-Tech/Software) | Q1 2017

  1. WeWork | New York City | $1 Billion

  2. Global Switch | London | $526 Million

  3. The Lighstone Group | New York City | $305 Million

  4. e-Shang Redwood | Shanghai | $300 Million

  5. OfferPad | Gilbert, AZ | $230 Million

  6. ASRR Capital | Tel Aviv | $90 Million

  7. Ladder Capital Finance | New York City | $80 Million

  8. Opus Bank | Irvine, CA | $53 Million

  9. Phoenix Group India | Hyderabad, India | $47 Million 

  10. Knotel | New York City | $25 Million

Despite the disproportionate split between real estate tech and none tech investments, the global real estate tech sector received nearly $333 million from venture firms.  Venture firms deployed nearly $173 million in US based firms.  

Real Estate Tech (Software/Hardware) | Q1 2017

  1. PropTiger | Gurgaon, India | $55 Million

  2. Placester | Boston | $50 Million

  3. HouseCanary | San Francisco | $33 Million

  4. Knock | New York City | $32.5 Million

  5. Mindspace | Tel Aviv | $15 Million

  6. Credifi | New York City | $13 Million

  7. Square Yards | Gurgaon, India | $10 Million

  8. Nested | London | $9.9 Million

  9. Goodlord | London | $8.9 Million

  10. Trussel | London | $5.6 Million