Weekly Proptech: Friday, May 27, 2022

Written By CRETI

This Week in Proptech

This Week in Proptech — $1.2 billion was invested across 19 companies at a median funding amount of $12 million. Some of the largest rounds of funding went to decarbonization, flex-office, retail, logistics, residential and more.

Also this week in proptech, the Center for Real Estate Technology & Innovation (CRETI) surpassed 22,500 subscribers 🎉. We are on track to reach 30,000 subscribers by end of year, a 100% growth since 2021. Thank you for your support and belief in entrepreneurship, innovation, and the financial health and wellness of the built and digital environment.

Why This Matters

Venture capital investments in private proptech companies increased by 182.35%. A total of $1.2 billion was invested in proptech, which includes debt and equity funding in private real estate, construction, logistics, and sustainability companies.

Early-stage investing continues to remain strong despite market conditions. In fact, 45% of funding went to Seed and Series A companies this week, and a total of 48% month to date.

What does this mean for proptech?

As financial headwinds continue to challenge the global economy, generalist growth equity investors in proptech are starting to pull back. However, it's not all gloom and doom. Early-stage investing continues to be a bright spot for the industry. Dedicated and disciplined investors in proptech are seizing the moment and have an optimistic view over the next 6 to 12 months, especially for early-stage investing.

CRETI Proptech Index
The CRETI Proptech Index is a private market real estate technology index tracking the financial performance of over 8,000 companies. It is the most followed proptech venture capital indices, globally. Contact us to learn more.

Notable Rounds

  • May 24, 2022 — Fyxt, a Venice, CA-based property operations and workflow software platform, servicing the commercial real estate industry, raised a $4 million Series A led by RET Ventures, with investments from Aldersgate Investments Limited and David Reuben of Reuben Brothers.

  • May 23, 2022 — Homethrive, a Northbrook, IL-based residential healthcare service company that provides support for employee caregivers, aging adults, and those with special needs, raised a $20 million Series B led by Human Capital with investments from Allianz, Pitango Venture Capital, and 7wire Ventures.

  • May 24, 2022 — BuildOps, a Santa Monica, CA-based all-in-one software solution for subcontractors, raised a $43 million Series A led by Next47 with investments from Fika Ventures, StepStone Group, 1984 Ventures, MetaProp, Liquid 2 Ventures, Founders Fund, and
    Global Founders Capital.

Driving Proptech Headlines

CRETI https://cretiventures.com
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