Weekly Proptech: Friday, December 9, 2022

Written By CRETI
 
 
 

This Week in Proptech

This Week in Proptech — $233 million was invested across 15 companies at a median funding amount of $6.0 million.  Some of the largest funding rounds went to construction, infrastructure, residential, finance, and other real estate technology categories.

Funding in a Nut Shell:  This week, venture capital investments decreased by 54.6 percent.  38 percent of funding went to Seed and Series A companies, including Mezo, MoveEasy, and Setpoint.  More insights in Notable Funding Rounds.

CRETI PROPTECH VENTURE INDEX

State of the Market

This week we took a look at proptech venture capital investments in Seed & Series A companies.

Since November, $408 million has been invested across 62 companies that raised a Seed or Series A funding round at a median funding amount of $5.5 million. Comparatively, 56 percent of funding between the two rounds went to Seed stage companies.

What Does This Mean For PropTech?

The pace of funding across Seed and Series A companies has remained stable over the past six weeks.  During the same time last year, $415 million was invested across 94 companies at a median funding amount of $2.9 million.

An analysis by CRETI found that, despite a decrease in deal volume, the median dollar volume has increased and is expected to increase into 2023 for Seed and Series A companies, specifically around funding amounts. An analysis of funding activity in November 2022 and 2021 identified a 90 percent increase in median funding amounts for Seed and Series A funding. 

Notable Rounds of Funding

  • Mezo raised a $6 million Seed round co-led by Chicago Ventures and Building Ventures with investments from 81 Collection.
     

  • MoveEasy raised a $7 million Series A round led by Moderne Ventures with investments from Travelers Insurance.
     

  • Setpoint raised a $43 million Series A round led by Andreessen Horowitz with investments from Fifth Wall, Capital Factory, 645 Ventures, Vesta Ventures, and 5 other investors.

 
CRETI https://cretiventures.com
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