Weekly Proptech: Friday, March 25, 2022

This Week in Proptech — venture capital investments in proptech companies decreased by 35.2%. $335 million was invested across 26 companies at a median funding amount of $8 million. Some of the largest rounds of funding went to smart mobility, alternative energy, sustainability, construction, interior design, robotics, and others.

Why This Matters

Over the past 15 months, the European proptech market has witnessed a significant rise in venture capital investments. Year to date, a total of $1.1 billion has been invested across 50 companies, and a total of $4.8 billion since 2021.

What does this mean for proptech?

Historically, "the advent of proptech has not matched pace with the needs of the industry," according to Andrew Phipps, head of business development at Cushman and Wakefield via Emerge Europe at Cannes. Venture capital investments in European proptech startups is a signal of the changing and rising proptech wave in Europe.

Since the start of 2022, Europe has seen major deals in proptech. In February, Clikalia, a Madrid, Spain-based iBuying startup, received $82 million from the Fifth Wall, Softbank, and Luxor Capital Group. In January, PlanRadar, a Vienna, Austria-based construction tech startup, raised $70 million led by Insight Partners and Quadrille Capital. Also in January, McMakler, a Berlin-based property brokering startup, raised a $55 million round from Warburg Pincus, Baillie Gifford, and Cavalry Ventures.

Most recently, Kayrros, a Paris, France-based advanced data analytics company helping global energy markets, raised a $44 million Venture Round, and ParkBee, an Amsterdam-based parking, and mobility company helping to monetize underutilized spaces, raised a $33 million Series B.

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