Last quarter we looked at real estate technology funding trends and uncovered that investors are placing bigger bets on fewer companies. This quarter we are performing a deeper examination on our real estate tech research platform to compare funding by category. Our analysis reveals two key takeaways:
We’ll explain these key takeaways with some graphics and discussions below.
To start off, let’s review the amount of funding raised this quarter by each category within real estate technology.
The above graphic shows that the Commercial Search category leads the sector in Q2 funding with almost $1.1B. Its funding is 40% higher than that in the next category, Home Services at $0.8B.
Commercial Search companies comprise of tools that help consumers or businesses find commercial real estate for rent or sale. Examples include shared working spaces and real estate search engines. Some sample companies include Kr Space, RocketSpace, WeWork, and UrWork.
So we’ve observed how different real estate technology categories stack up in their Q2 funding. But how do these categories’ funding compare with each other historically? Let’s investigate that in the next section.
The graph below shows the all-time funding for different real estate technology categories. The Q2 funding and growth rates of these categories are also highlighted.
The bar graph indicates that the Commercial Search category also leads the sector in total funding at $11B. This is 30% higher than the funding in the next category–Life, Home, P&C Insurance at $8.4B.
In addition, the line graph shows that the Home Services category saw the highest growth rate in Q2 at 19%.
The Commercial Search category leads real estate technology in not only Q2 funding but in all-time funding as well. It’ll be interesting to see if any other real estate technology categories catch up in the rest of 2018.
To learn more about our complete real estate technology report and research platform, visit us at www.venturescanner.com or contact us at [email protected].
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