The proptech sector enjoyed investment of $12.6bn in 2017 - largely helped by two major deals involving Japanese company Softbank - despite a 7% drop in the number of deals to 347, compared to 2016, according to Re:Tech. In 2017, there were more than 100 new companies listed on Nasdaq, up from just over 50 last year, and about half as many mergers and acquisitions valued at $1 billion or more, down from nearly
The proptech sector enjoyed investment of $12.6bn in 2017 - largely helped by two major deals involving Japanese company Softbank - despite a 7% drop in the number of deals to 347, compared to 2016, according to Re:Tech. It revealed that US proptech firms raised more than half of venture capital funding, at $6.5bn, in 2017, while early and late-stage companies raising more than $480m and above $404m, respectively.