The Present & Future of Proptech Pitchbook Report: Record Investment Driving this Fast-Growing Industry
March 22 2022 - 8:00AM
Business Wire
Valley Bank and Bank Leumi USA released the first annual
Present & Future of Proptech report that explores
industry trends and provides a positive outlook for the nascent
property tech category.
Deal making rebounded sharply in 2021, with a record $5.1
billion in capital invested in venture alone across a record 219
transactions. It was developed in collaboration with Pitchbook;
Chris Green, Founder and CEO of Greenpoint Partners; Jeffrey E.
Berman, General partner of Camber Creek; Simon Jawitz, CIO,
Common Living Inc.; Eli Elefant, CEO, PBC USA; Eyal Reggev, LIR
Holdings; and Ryan Orley, Managing Partner, Zigg Capital.
“This has been an exciting period for Proptech with the
complexities of the current economic recovery from the COVID-19
pandemic representing promising growth and considerable
implications for real estate developers and investors,” said Stuart
Cook, Executive Vice President, Chief Products Officer, Valley
Bank. “This report affirms that Proptech is positioned to benefit
as the real estate industry further digitizes its processes and the
future is very bright for companies with the foresight to invest
and embrace this fast-evolving industry that is leading
sustainability advancements,” he added.
Read the full report here.
Key highlights from the report:
- H1 2021 saw the highest volume of venture financing for
Proptech ever in the U.S.
- The intersection of technology and real estate has rarely seen
as much interest and innovation as in the past few years. A
resurgence in funding signifies the proliferation and maturation of
multiple companies spanning the key segments of Proptech, from
asset utilization to transaction solutions to property
management.
- Traditional financial firms that have engaged in real estate
investment have benefited significantly from startups offering
much-improved data and analytics tool suites, which have helped
improve returns via transparency and more efficient
projections.
- We believe the future of Proptech will likely unify around two
key themes of sustainability and security. Property owners will be
required to produce sustainability related data for investors and
asset managers, further encouraging the development of even more
powerful data platforms. Construction firms will source recyclable
materials and sink carbon into substances, such as concrete, to
obtain credits.
- We anticipate that Proptech security solutions will also be
increasingly important in an era of climate change from a financial
perspective. Proptech companies will have to build the tools for
institutions and asset allocators to mitigate
climate-change-related risk, while builders will also have to
invest more heavily in resilient buildings in many hotbeds of
development, especially the coasts of developed nations.
Methodology behind the research Estimates of market sizes
and private investment activity within the Proptech space differ
widely due to a variety of factors, such technology and types of
real estate markets. This report views Proptech through a much more
rigorous lens, using the Pitchbook platform to construct five
distinct segments: asset utilization; finance and investments;
construction, maintenance and renovation; property management; and
transaction solutions. You can find more information under the
introduction page in the report.
About Valley Bank As the principal subsidiary of Valley
National Bancorp, Valley National Bank is a regional bank with
approximately $43 billion in assets. Valley is committed to giving
people and businesses the power to succeed. Valley operates many
convenient branch locations across New Jersey, New York, Florida
and Alabama, and is committed to providing the most convenient
service, the latest innovations and an experienced and
knowledgeable team dedicated to meeting customer needs. Helping
communities grow and prosper is the heart of Valley’s corporate
citizenship philosophy. To learn more about Valley, go to
www.valley.com.
About Bank Leumi USA Bank Leumi is a relationship-driven
boutique bank with global ties. We’ve been operating in the United
States for more than 60 years. Headquartered in New York City, with
offices in Chicago, Los Angeles, Palo Alto and Aventura, we serve
the communities where our clients live and work. Our commitment to
excellence and focus on shared values defines how we do business.
Our team of talented banking professionals goes beyond the expected
to understand your needs and deliver world-class solutions and the
exceptional service you deserve.
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Pam Golden (973) 564 - 8591 pam@glapr.com
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