Finance

Global funding for proptech sector grew to £8.5bn in 2017

By and 2018-04-13T00:00:00

Proptech

Source: Shutterstock/Mr. Cheangchai Noojuntuk

Proptech investors say trend for fewer larger funding deals reflects transition to ‘more established’ market.

Proptech funding has grown rapidly in recent years, reflecting the growing size and importance of the sector.

“From 2012 through 2017, the funding compound annual growth rate was a whopping 63%, and the 2017 total was the highest on record,” said Nathan Pacer, Venture Scanner’s co-founder and chief research officer.

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