How is the funding environment shaping up for real estate technology in 2019? As we pass the mid-year mark, let’s see how the year-to-date metrics compare to the historical trends. The graph below shows real estate technology total funding by year, stacked by quarters.
As the graphic demonstrates, real estate technology has amassed $9.3B through Q1 and Q2 of this year. This amount represents 50% of the total funding in 2018, and 140% of the funding through Q2 in 2018. The top three funding events in Q2 2019 include a $300M round into Lemonade, a $261M round into LendInvest, and a $225M round into KLOOK.
A straight-line projection of the completed funding this year would result in $18.6B, which is almost equal to the total 2018 funding. On the other hand, a weighted quarterly average projection of 2019 funding would result in $26.1B, which exceeds the total 2018 funding by 40%. Therefore, based on the mid-year data, real estate technology funding in 2019 is projected to be relatively on par with the funding in 2018.