Real-estate tech has become hot property for VC funds. Struggling to find seed funding when it launched in 2012, coworkspace operator Industrious was forced to tap friends and family for $8m. The Vision Fund — which is backed by the Saudi Arabian government — could just be the beginning. The company is now valued at $80m, according to a recent report from CB Insights. Industrious is one of hundreds benefiting from the explosion of interest in real-estate venture investment. From 2012 to 2017, investment in US real-estate tech leapt from $44.7m to $5.7bn, according to Pitchbook, as VC funds exclusively devoted to the sector emerged and family real-estate companies created their own VC vehicles.
Real-estate tech has become hot property for VC funds. Struggling to find seed funding when it launched in 2012, coworkspace operator Industrious was forced to tap friends and family for $8m. The company is now valued at $80m, according to a recent report from CB Insights. Industrious is one of hundreds benefiting from the explosion of interest in real-estate venture investment. From 2012 to 2017, investment in US real-estate tech leapt from $44.7m to $5.7bn, according to Pitchbook, as VC funds exclusively devoted to the sector emerged and family real-estate companies created their own VC vehicles.