The proptech sector enjoyed revenues 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 . Excluding WeWork and Compass, real estate tech firms raised around $7.65 billion in 2017—including a $230 million debt raise by Arizona-based home buyer OfferPad and the $200 million raised by Miami-based, Airbnb– and Brookfield Property Partners-backed residential developer Niido. It revealed that US based companies raised more than half of venture capital funding , at $ 400 , in 2017 , while early and late - stage companies raising more than $ 480 m and above $ 404 m , respectively .
The proptech sector enjoyed revenues 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 based companies raised more than half of venture capital funding , at $ 400 , in 2017 , while early and late - stage companies raising more than $ 480 m and above $ 404 m , respectively .