This Week in Proptech - January 15, 2021

Jan 14

Written By CRETI

Venture capital investments in real estate technology companies have accelerated at breakneck speed. Since the start of the new year, approximately $900 million was invested across 47 deals according to the Center for Real Estate Technology & Innovation. The industry is on track to surpass the billion-dollar mark for the third consecutive January (2019, 2020, and 2021), by end of the month. The largest rounds of capital went to tech-enabled real estate services across multifamily and supply chain & logistics, as well as, fintech - mortgage technology companies.

Featured Funding

Hive Box — $400 Million — SC&L
Hive Box, a network of self-service package drop-off and pick-up stations across China, raised $400 million, announced on January 8, 2021. Investors in the round include Trustbridge Partners, Sequoia Capital (China), and 3 other investors.

Landing — $100 Million — Multifamily
Landing, a network of fully-finished apartments, raised $100 million (debt & equity) on January 12, 2021. Investors in the round include Greycroft, Foundry Group, and Maveron.

Neat — $22.5 Million — Mortgage
Neat Capital, a fintech mortgage lender, raised $22.5 million in funding on January 12, 2021. Investors in the round include American Family Ventures and Left Lane Capital.