Company filings have shown proptech investment has hit an all-time high, tripling YoY to reach $4bn in Q1 2019, according to CREtech data. In April proptech VC firm Fifth Wall submitted a filing demonstrating that its second fund had raised $468m. But Justin Wilson, co-founder of proptech VTS, said VC money brings new pressures for proptechs to meet investors' demands to grow quickly and provide solutions to real problems, especially in the case of software companies. SoftBank investment director Ryan Masiello concurred, saying the sector remains fragmented and lacks a single platform that brings proptech services together.
Company filings have shown proptech investment has hit an all-time high, tripling YoY to reach $4bn in Q1 2019, according to CREtech data. In April proptech VC firm Fifth Wall submitted a filing demonstrating that its second fund had raised $468m. But Ryan Masiello, co-founder of proptech VTS, said VC money brings new pressures for proptechs to meet investors' demands to grow quickly and provide solutions to real problems, especially in the case of software companies. SoftBank investment director Justin Wilson concurred, saying the sector remains fragmented and lacks a single platform that brings proptech services together.