DIGITAL & TRENDS

Proptech
 Table of Contents

01 Overview Average value of proptech deals in the U.S. 2013-Q2 2022 21

Number of proptech funding rounds in the U.S. 2013-2022 22
Value of proptech investment worldwide 2010-H1 2022 03
Largest proptech funding rounds in the U.S. 2022, by company 23
Number of proptech launches in different regions worldwide 2008-H1 2022 04
Equity value of leading real estate media portals in the U.S. Q2 2022 24
Investment volume in different proptech subsectors worldwide 2010-H1 2022 05
Equity value of leading real estate data and software companies in the U.S. Q2 2022 25
Value of proptech VC investments worldwide 2008-H1 2022 06
Market share of rental property review sites U.S. 2021 26
Leading real estate websites in the U.S. 2022, by monthly visits 27
02 Industry trends
Investor interest in selected proptech innovations worldwide H1 2022 08
04 Regional markets
Focus of proptech startups on property asset types worldwide H1 2022 09
Volume of proptech investment in Europe 2010-H1 2022, by country 29
Investment plans of proptech investors worldwide H1 2022, by stage 10
Volume of proptech investment in APAC region 2010-H1 2022, by country 30
Technologies that commercial real estate companies plan to invest in worldwide 2022 11
Volume of proptech investment in the Americas 2010-H1 2022, by country 31
Planned commercial real estate tech budget changes worldwide 2023, by region 12
Volume of proptech investment in Nigeria and South Africa 2010-H1 2022, by country 32
Hiring plans of proptech startup CEOs worldwide H1 2022 13
Distribution of leading proptech companies in China 2022, by core business subsector 33
Importance of different disrupters for the real estate industry U.S. 2023 14
Number of proptech companies founded in Europe 2010-Q1 2022, by country 34
Technology adoption by office occupiers worldwide 2022, by stage 15
Largest proptech deals in Europe H1 2022 35
Ranking of proptech companies in France 2020, by funds raised 36
03 Proptech in the U.S.
Largest proptech unicorns in the U.S. 2021, by valuation 17
Volume of proptech deals in the U.S. 2013-2022 18
Quarterly value of proptech deals in the U.S. 2022 19
Number of proptech deals made in the U.S. 2013-2022 20

1
CHAPTER 01

Overview
 Value of investment into proptech companies worldwide from 2010 to 1st half 2022
(in billion U.S. dollars)
Value of proptech investment worldwide 2010-H1 2022

30

24.3
Value of investments in billion U.S. dollars

25

20.4
20

15.4
15 14.1

9.9
10
7
5.8
5 4.3
2.9
1 1.4
0.6 0.7
0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 2022

3 Description: In 2021, 24.3 billion U.S. dollars were invested into proptech companies globally. The unique investment amount has been steadily rising since 2012, with the exception of 2020, even though the number of poptech companies founded has fallen in
that time. Read more
Note(s): Worldwide; 2010 to H1 2022
Source(s): Deloitte; Statista; Venture Scanner
 Number of proptech companies launched worldwide from 2008 to 1st half 2022, by
region
Number of proptech launches in different regions worldwide 2008-H1 2022

Africa Asia Australia/New Zealand Europe North America South America

350

300

250
Number of Proptechs

200

150

100

50

0
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 H1 2022

4 Description: In 2021, there were seven proptech companies founded, whereas 298 proptechs were launched in 2014. Since 2008, North America has consistently been the region with the most proptechs founded. The number of launches has slowed significantly
since then, but the volume of capital invested has continued to rise. North Read more
Note(s): Worldwide; 2008 to H1 2022
Source(s): Deloitte; Venture Scanner
 Investment volume in proptech companies worldwide from 2010 to 1st half 2022, by
subsector (in billion U.S. dollars)
Investment volume in different proptech subsectors worldwide 2010-H1 2022

Leasing and purchase-sale transactions Property development and management Financing and investing

30
Value of investment in billion U.S. dollars

25

20

15

10

0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 2022

5 Description: Proptech refers to the use of technology and innovation within the real estate industry. Since 2010, the size of the global proptech investment market has grown and in 2021, it peaked at 24.3 billion U.S. dollars. This figure included different types of
investment, such as venture capital, seed investment, debt financing, and private equity. Though the leasing and purchase-sales transactions has comprised the largest share of investment since 2015, it is visible that the property development and [...] Read more
Note(s): Worldwide; 2010 to H1 2022
Source(s): Deloitte
 Value of venture capital investments in proptech companies worldwide from 2008 to
1st half 2022 (in billion U.S. dollars)
Value of proptech VC investments worldwide 2008-H1 2022

16

13.8
14 13.4
Value of investments in billion U.S. dollars

12
10.8

10
9.1

8
6.6
6
5 5

4
2.7
2.3
2
1.1
0.5 0.7 0.7
0.2 0.3
0
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 2022

6 Description: In 2021, 13.8 billion U.S. dollars was invested by venture capitalists in proptech companies globally. The investment volume has been steadily rising, except for a slight dip in 2020, even though the number of proptech companies founded has fallen in
that time. Read more
Note(s): Worldwide; 2008 to H1 2022
Source(s): Deloitte; Statista
CHAPTER 02

Industry trends
 Share of proptech investors interested in selected areas of innovation worldwide in
1st half 2022
Investor interest in selected proptech innovations worldwide H1 2022

35%
29%
30%
25%
25% 21%
20%
14%
15%
10% 8%
4%
Share of investors

5%
0%

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8 Description: Proptech investors were most interested in architecture, engineering, and construction in the first half of 2022. According to the survey results, approximately 29 percent of respondents said that architecture, engineering, and construction was the
most interesting area of Proptech innovation. Meanwhile, approximately 14 percent chose finance and investment and 25 percent chose smart buildings. Read more
Note(s): Worldwide; H1 2022; Proptech investors
Source(s): MetaProp; REBNY; Royal Institution of Chartered Surveyors
 Share of proptech startup CEOs targeting selected real estate markets for commercial
deployment worldwide in 1st half 2022
Focus of proptech startups on property asset types worldwide H1 2022

40%
35%
35%

30%
Share of startup CEOs

25%

20% 19%

15%
12% 12%
10%
10% 8%

5% 4%
2%

0%
Multifamily Single family residential Mixed-use Industrial Office Retail Hospitality Senior housing

Asset type

9 Description: The largest share of proptech startup CEOs who participated in the survey in the first half of 2022 were targeting multifamily residential real estate. About 35 percent of the respondents said that they were targeting assets in that sector for commercial
deployment, whereas only 10 percent percent said the same of office real estate. Read more
Note(s): Worldwide; H1 2022; Proptech startup CEOs
Source(s): MetaProp; REBNY; Royal Institution of Chartered Surveyors
 Share of proptech investors planning to invest in the next year in different stages of
proptech startups worldwide in 1st half 2022
Investment plans of proptech investors worldwide H1 2022, by stage

90% 85%
81%
80%

70%

60%
Share of investors

50%
40% 40%
40%

30%

20%
12%
10%
2%
0%
Pre-seed Seed Series A Series B Series C Series D+

10 Description: More than 80 percent of global investors planned to invest in the seed stage of proptech startups in the next 12 months according to a survey conducted in the first half of 2022. Meanwhile, only two percent were planning to invest in Series D+.
Read more
Note(s): Worldwide; H1 2022 ; Proptech investors
Source(s): MetaProp; REBNY; Royal Institution of Chartered Surveyors
 Share of commercial real estate executives planning a large investment in different
technologies worldwide in 2022
Technologies that commercial real estate companies plan to invest in worldwide 2022

40%
36%
35%

30% 29%
26%
Share of respondents

25% 23%
22%

20%

15%

10%

5%

0%
Cloud computing and storage Blockchain Robotic process automation Artificial intelligence Data analytics

11 Description: According to a survey among senior commercial real estate executives in finance, operations, talent, and technology conducted between July and August 2021, cloud computing and storage was the most popular technology companies planned
investing in, in the next 12 to 18 months. Data analytics, on the other hand is expected to be further adopted by 22 percent of the companies represented by the respondents. Read more
Note(s): Worldwide; July to August 2021; 400 respondents; senior commercial real estate executives in finance, operations, talent, and technology
Source(s): Deloitte Digital
 Expected changes to tech budgets by commercial real estate executives in different
regions worldwide 2023
Planned commercial real estate tech budget changes worldwide 2023, by region

Decrease Flat Increase

120%

100%

80%
Share of respondents

41% 42%
48%

60%

22%
27%
40% 27%

20% 37%
31%
25%

0%
Europe North America APAC

12 Description: According to a survey among chief financial officers in commercial real estate companies conducted in June 2022, tech budgets were expected to increase in 2023. Depending on the region, between 41 and 48 percent of respondents shared this view.
In North America, which includes respondents from the U.S. and Canada, industry experts were the most optimistic almost half of the survey participants forecasting an increase. Meanwhile, commercial real estate executives were most [...] Read more
Note(s): Worldwide; June 2022; 450 respondents; chief financial officers of major commercial real estate owners and investment management companies
Source(s): Deloitte Digital
 Share of proptech startup CEOs planning to hire full-time employees worldwide in 1st
half 2022, by number of employees
Hiring plans of proptech startup CEOs worldwide H1 2022

60%

50% 48%

38%
Share of startup CEOs

40%

30%

20%

10% 8%
5%
1%
0%
0 1-5 6-20 21-50 50+

Number of new FTEs

13 Description: About 38 percnet of Proptech startup CEOs surveyed in the first half of 2022 planned to hire between six and 20 full-time employees in the next 12 months. Furthermore, approximately five percent of respondents planned to expand their organization
by over 50 new full-time employees. Read more
Note(s): Worldwide; H1 2022; Proptech startup CEOs
Source(s): MetaProp; REBNY; Royal Institution of Chartered Surveyors
 Significance of disrupters for the real estate market according to industry experts in
the United States in 2023, by issue
Importance of different disrupters for the real estate industry U.S. 2023

Rating between 1 (no importance) and 5 (great importance)

0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0
Construction technology 3.74

Cybersecurity 3.49

Big data 3.23

Automation 3.15

Artificial intelligence/machine learning 3.09

Internet of things 3.02

5G implementation 3.02

Coworking 2.98

Sharing/gig economy 2.97

Autonomous vehicles 2.77

3D printing 2.62

Augmented/virtual reality 2.56

Blockchain 2.41

Drones 2.36

14 Description: Construction technology, cybersecurity and big data are the most potent disrupters in the real estate industry in 2023 according to real estate experts in the United States. Respondents rated the importance of construction technology with 3.74, where
one meant no importance, and five, great importance. On the other hand, blockchain and drones are anticipated to be the least impactful disrupters in the real estate industry in 2023. Read more
Note(s): United States; 2022; 1,450 respondents; industry experts: investors, fund managers, developers, property companies.
Source(s): PwC; Urban Land Institute
 Technological solutions among office real estate occupiers worldwide in 2022, by
adoption stage
Technology adoption by office occupiers worldwide 2022, by stage

Share of respondents

Already in place Plan to introduce this year Plant ot introduce over next three years

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Remote-working technology 46% 25% 19%
In-office collaboration technology 40% 29% 20%
Sustainability and environmental control 26% 32% 29%
Workplace experience apps 36% 29% 21%
Digital connectivity and infrastructure 27% 32% 27%
CRE data warehouse 31% 30% 22%
Coworking and flex space management 29% 32% 22%
Predictive facility management 26% 30% 26%
Portfolio data analysis 26% 30% 25%
Health-tech well-being solutions 25% 31% 24%
Touchless access 28% 27% 23%
Occupancy and environmental sensors 21% 33% 23%
VR immersive meeting 18% 30% 25%
Smart contracts 19% 29% 23%

15 Description: Remote-working technology and in-office collaboration technology were the most widely adopted technologies among office real estate occupiers as of July 2022. In contrast, smart contracts, VR immersive meetings, and robotics for cleaning,
maintenance and security were the least common. By 2025, about 82 percent of commercial real estate executives plan to have introduced predictive facility management. Read more
Note(s): Worldwide; July 2022; 1,095 respondents; corporate real estate decision-makers across 13 markets
Source(s): JLL
CHAPTER 03

Proptech in the U.S.

 Largest proptech unicorns in the United States in 2021, by valuation (in billion U.S.
dollars)
Largest proptech unicorns in the U.S. 2021, by valuation

10 9.5

8
Valuation in billion U.S. dollars

5
4
4
3.2
3 2.6 2.5
2
2 1.6 1.5 1.5 1.5

0
ServiceTitan houzz FIGURE Plume side Divvy HomeLight built Pacaso snapdocs

17 Description: ServiceTitan was the largest proptech unicorn in the United States in 2021. The company was valued at 9.5 billion U.S. dollars, which was more than double the company valuation of the second unicorn in the ranking-houzz. To be considered a
unicorn, a startup needs to exceed the valuation of one billion U.S. dollars. Backed by Tiger Global and Sequoia, ServiceTitan was the startup that received one of the largest funding rounds that year. Read more
Note(s): United States; 2017 to 2021
Source(s): GCA; PitchBook
 Volume of proptech deals in the United States from 2013 to 2022 (in million U.S.
dollars)
Volume of proptech deals in the U.S. 2013-2022

20,000
18,807
18,000
Volume of deals in million U.S. dollars

16,000

14,000
12,281
12,000

10,000 9,004

8,000 7,480

6,000 5,308
4,477
4,000
2,748
1,823
2,000 1,339
475
0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

18 Description: The U.S. proptech sector experienced a record-breaking year for venture investment in 2021, followed by a slight decrese in 2022. The value of investment reached approximately 19 billion U.S. dollars in 2021, which was more than double the amount
recorded in 2020. In 2022, the value of investment was approximately 12.3 million U.S. dollars. Veev, Material Bank, Flow, and Redaptive were the proptechs that received some of the largest funding rounds that year. Read more
Note(s): United States; 2013 to 2022
Source(s): Houlihan Lokey; PitchBook; S&P Capital IQ
 Value of proptech deals in the United States from 1st quarter 2019 to 2nd quarter
2022 (in million U.S. dollars)
Quarterly value of proptech deals in the U.S. 2022

Q1 Q2 Q3 Q4

20,000

18,000
4,289
Value of deals in million U.S. dollars

16,000

14,000

12,000
5,972
10,000

8,000 2,730
1,808 3,923 3,448
6,000
2,326 815
4,000
1,772 3,933
2,000 4,622 4,799
2,153
0 728
2019 2020 2021 2022

19 Description: The volume of real estate tech deals in the United States peaked in 2021. In the third quarter alone, the volume reached almost six billion U.S. dollars. Entrata, Service Titan, and Prime were the proptechs that received some of the largest funding
rounds that year. Read more
Note(s): United States; Q1 2019 to Q2 2022
Source(s): Houlihan Lokey
 Volume of proptech merger and acquisition activity in the United States from 2013 to
2022
Number of proptech deals made in the U.S. 2013-2022

180
162
160

140

120
Number of M&A deals

104 104 103

99
100

80

57
60
44 45
37
40
25
20

0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

20 Description: In 2022, the number proptech M&A deals in the United States decreased, after rising for three years in a row. A total of 99 proptech M&A deals took place in that year, down from 162 in 2021. Proptech, also known as as commercial real estate tech
(CRE tech) refers to the use of technology and innovation in the real estate sector. Proptech can have various applications, including aiding leasing and purchase-sale transactions, property development and management, and financing and [...] Read more
Note(s): United States; 2013 to 2022
Source(s): 451 Research; Houlihan Lokey; PitchBook
 Average value of proptech deals in the United States from 2013 to 2nd quarter 2022
(in million U.S. dollars)
Average value of proptech deals in the U.S. 2013-Q2 2022

45

40 38.5
Average deal value in million U.S. dollars

35 32.5 33.1
31.1
30.1
30
26.6
24.4
25
20.6 21.3
20.1 20.1
20 18.5

15 14
10.6 10.6
10 8
5.2
5
2.3

0
2013 2014 2015 2016 2017 2018 2019 2020 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2020 2020 2020 2020 2021 2021 2021 2021 2022 2022

21 Description: The average deal value in the U.S. proptech sector peaked in the third quarter of 2021 at 33.1 million U.S. dollars. As of the second quarter of 2022, this value amounted to 24.4 million U.S. dollars. Read more
Note(s): United States; 2013 to Q2 2022
Source(s): Houlihan Lokey; PitchBook
 Annual number of proptech funding rounds in the United States from 2013 to 2022
Number of proptech funding rounds in the U.S. 2013-2022

180

160 154

140
Number of funding rounds

120
109

100

79
80

59
60

38
40 32

20 15 16
10 8

0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

22 Description: In 2022, the number proptech funding rounds in the United States decreased slightly from 2021 - a record year that saw a total of 154 rounds. Despite the decrease, the 109 deals that took place in 2022 were the second highest number on record.
Proptech, also known as as commercial real estate tech (CRE tech) refers to the use of technology and innovation in the real estate sector. Proptech can have various applications, including aiding leasing and purchase-sale transactions, property [...] Read more
Note(s): United States; 2013 to 2022
Source(s): Houlihan Lokey; PitchBook
 Largest proptech funding rounds in the United States in 2022, by company (in million
U.S. dollars)
Largest proptech funding rounds in the U.S. 2022, by company

Capital raised in million U.S. dollars

0 50 100 150 200 250 300 350 400 450

Veev (Bond) 400

Flow (Andeessen Horowitz) 350

Company (selected investor)

Roofstock (SoftBank) 240

Redaptive (CPP Investment Board) 200

Icon (Tiger Global) 185

Material Bank (Brookfield) 175

Guesty (Apax, Sixth Street Growth, MSD) 170

Metropolis (3L Capital, Assembly Ventures) 167

Bilt (Left Lane) 150

Office Space (Vista Equity Partners) 150

23 Description: In 2022, Bond, a venture capital firm, invested 400 million U.S. dollars in the building technology company Veev, making it the largest funding round in the U.S. proptech sector that year. The venture capital firm Andreessen Horowitz's investment in
the social media marketing proptech Flow followed closely with a funding round worth 350 million U.S. dollars. Read more
Note(s): United States; 2022
Source(s): Houlihan Lokey; PitchBook
 Equity value of leading real estate media portals in the United States in 2nd quarter
2022 (in billion U.S. dollars)
Equity value of leading real estate media portals in the U.S. Q2 2022

25 23.74

20
Equity value in billion U.S. dollars

15

10.89
10 8.52
5.92
5 4.16

1.27
0.23 0.16
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24 Description: CoStar Group was the real estate media portal with the highest equity value in the United States as of the second quarter of 2022. At almost 24 billion U.S. dollars, the equity value of CoStar Group was more than double the equity value of the second
company in the ranking - REA Group Limited. Founded in 1987, CoStar Group is a provider of online marketplaces, information and analytics in the area of commercial and residential real estate. Some of CoStar's brands are LoopNet, [...] Read more
Note(s): United States; Q2 2022
Source(s): Houlihan Lokey; PitchBook
 Equity value of leading real estate data and software companies in the United States
in 2nd quarter 2022 (in billion U.S. dollars)
Equity value of leading real estate data and software companies in the U.S. Q2 2022

12

10 9.67

8 7.36
Equity value in billion U.S. dollars

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25 Description: Black Knight, Inc. was the real estate data and software company with the highest equity value in the United States as of the second quarter of 2022. At almost 10 billion U.S. dollars, the equity value of Black Knight was almost three times that of the
third company in the ranking - AppFolio, Inc. Black Knight is an provider of integrated software, data, and analytics solutions. Read more
Note(s): United States; Q2 2022
Source(s): Houlihan Lokey; PitchBook
 Market share of rental property review sites in the United States in 2021
Market share of rental property review sites U.S. 2021

Share of online reviews

0% 5% 10% 15% 20% 25% 30% 35%

Google 33%

ApartmentRatings 24%

Modern Message 13%

ApartmentGuide.com 7%

Rent.com 6%

Yelp 4%

Apartments.com 4%

Facebook 4%

ForRent 3%

Caring 1%

RENTCafe 1%

26 Description: Google was the most popular website for online reviews of multifamily rental properties in 2021, concentrating one-third of all reviews. Usually, a property was reviewed on more than one website. Though Google had the most reviews, the properties
reviewed on Modern Message in 2021 had higher rating. Read more
Note(s): United States; Q4 2021
Source(s): J Turner Research
 Most popular real estate websites in the United States in 2022, based on monthly
visits (in millions)
Leading real estate websites in the U.S. 2022, by monthly visits

Monthly average visits in millions

0 10 20 30 40 50 60 70
Zillow 60

Realtor.com 41.39

Trulia 20.76

Redfin 10.19

Movoto 7

Homes 6.01

Remax 5.96

Point2Homes 4.62

Century21 3.11

ColdwellBankerHomes 2.34

ZipRealty 1.6

Apartments 1.5

Rent 1.4

Auction 1.3

ForRent 1.2

27 Description: Throughout 2022, Zillow was the most popular real estate website in the United States. Monthly, Zillow received about 60 million visits, which was substantially higher than any other website in the ranking. The runner-up Realtor.com received about
40 million monthly visits and Trulia, which came third in the ranking, received close to 21 million visits. Read more
Note(s): United States; 2022; monthly average visits from web and desktop
Source(s): Ahrefs; Website (rubyhome.com)
CHAPTER 04

Regional markets
 Investment volume of proptech companies in selected European countries from 2010
to 1st half 2022 (in million U.S. dollars)
Volume of proptech investment in Europe 2010-H1 2022, by country

3,000

2,500
2,500
Volume of investment in million U.S. dollars

2,300
2,100
2,000

1,500

1,000

542.4
500 425.9
164.2 137.4 106.5
85.6 54.4 42.2 39.5 31.5 30.7
12.1 11.7 10.6 10.2 9.1 2.7 1.8 1.7 0.1
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29 Description: Proptech refers to the use of technology and innovation within the real estate industry. Between 2010 and the first half of 2022, there were over 300 new proptech companies founded in Europe. Spain, the UK, and Germany alone made up almost
seven billion of the total 8.9 billion U.S. dollars invested in proptech companies in Europe. Read more
Note(s): Europe; 2010 to H1 2022
Source(s): Deloitte
 Investment volume of proptech companies in selected Asia-Pacific (APAC) countries
from 2010 to 1st half 2022 (in million U.S. dollars)
Volume of proptech investment in APAC region 2010-H1 2022, by country

14,000
12,500
12,000
Volume of investment in million U.S. dollars

10,000 9,100

8,000

6,000

4,000

2,000 1,100
621 382.3 373.7 277.4 152.3 118.5 114.5 73 22 21.8 17.7 14.4
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30 Description: Proptech refers to the use of technology and innovation within the real estate industry. China and India were the counties with the largest proptech markets in the Asia-Pacific (APAC) region, with a total proptech investment volume of 12.5 billion U.S.
dollars and 9.1 billion U.S. dollars, respectively. Read more
Note(s): APAC; 2010 to H1 2022
Source(s): Deloitte
 Investment volume of proptech companies in selected countries in the Americas from
2010 to 1st half 2022 (in million U.S. dollars)
Volume of proptech investment in the Americas 2010-H1 2022, by country

70,000

61,100
60,000
Volume of investment in million U.S. dollars

50,000

40,000

30,000

20,000

10,000

1,700 1,000 643.4 123.8 46.8 31

0
United States Brazil Canada Colombia Mexico Chile Argentina

31 Description: Proptech refers to the use of technology and innovation within the real estate industry. The United States, Brazil, and Canada were the countries with highest volume of investment on proptech as of the first half of 2022. In the period between 2010
and 2021, proptech investment in Brazil amounted to 1.7 billion U.S. dollars, whereas in the U.S., it was 61.1 billion U.S. dollars. Read more
Note(s): North America, Central and South America; 2010 to H1 2022
Source(s): Deloitte
 Investment volume of proptech companies in Nigeria and South Africa from 2010 to
1st half 2022, by country (in million U.S. dollars)
Volume of proptech investment in Nigeria and South Africa 2010-H1 2022, by country

6
6
Volume of investment in million U.S. dollars

2
1.5

0
South Africa Nigeria

32 Description: Proptech refers to the use of technology and innovation within the real estate industry. In South Africa, the volume of investment in the proptech sector totaled six million U.S. dollars as of the first half of 2022, while in Nigeria, this figure amounted to
1.5 million U.S. dollars. Read more
Note(s): Nigeria, South Africa; 2010 to H1 2022
Source(s): Deloitte
 Distribution of leading proptech companies in China in 2022, by core business
subsector
Distribution of leading proptech companies in China 2022, by core business subsector

40%
36%
35%

30%

25% 24%
Share of proptechs

20%

15%
12% 12%
10%
10%

5% 4%
2%

0%
Asset management Construction Project process Real estate digital Project investment Real estate sale and ESG / sustainable
operations and techniques and management marketing and decision-making/ lease transactions development
services design membership urban real estate
management data

33 Description: Asset management operations and services was the core business sector of over one third of the 50 leading proptech companies in China in 2022. Meanwhile, construction techniques and design proptech firms accounted for 24 percent. The source
defines proptechs as companies that are technology-driven and use emerging scientific and technological achievements to foster innovation in the real estate industry. Read more
Note(s): China; 2022; 50 respondents; China-based companies which have operated for at least nine months
Source(s): KPMG
 Number of proptech companies founded in selected European countries between
2010 and 1st quarter 2022
Number of proptech companies founded in Europe 2010-Q1 2022, by country

Number of companies
0 20 40 60 80 100 120
United Kingdom 107

Germany 59

France 35

Spain 19

Switzerland 16

Netherlands 11

Finland 9

Italy 8

Sweden 7

Denmark 6

Belgium 6

Russia 6

Estonia 6

Ireland 5

Norway 4

34 Description: Proptech refers to the use of technology and innovation within the real estate industry. Between 2010 and the first quarter of 2022, there were more than 330 new proptech companies founded in Europe. The United Kingdom, Germany and France
alone made up 201 of these companies. Read more
Note(s): Europe; 2010 to Q1 2022
Source(s): Deloitte
 Largest proptech deals in Europe in 1st half 2022 (in million U.S. dollars)
Largest proptech deals in Europe H1 2022

180
167
160

140
Value of deals in million U.S. dollars

120

100

80

60
45
40 35 32 32
23 21
20 13 11 8
0
deepki numa goodlord GROPYUS housfy (Spain) Zefir (France) stonal beanstock perchpeek PRODA
(France) (Germany) (United (Austria) (France) (France) (United (United
Kingdom) Kingdom) Kingdom)

35 Description: Four of the ten largest deals in the European proptech ecosystem in the first half of 2022 took place in France. The French-based deepki received 167 million U.S. dollars in funding during this period. Deepki is an ESG data intelligence platform targeted
towards commercial real estate investors, owners, and managers. Founded in Germany, the technology provider for travel accommodation and short term rentals numa received 45 million U.S. dollars in the first half of 2022. Read more
Note(s): Europe; H1 2022
Source(s): FinTech Global
 Real estate technology companies who received the most investments in France in
2020, by funds raised (in million euros)
Ranking of proptech companies in France 2020, by funds raised

200
180
180

160
Funds raised in million euros

140

120

100

80

60

40
20
20 15
8 7
0
Colonies Homeloop Comet Murfy SpaceFill

36 Description: Colonies, the proptech startup located in the Île-de-France region, was the real estate technology company which managed to secure the most funds (among other proptech companies) in France in 2020. This company raised a total of 180 million
euros during that year, what corresponds to about 64 percent of the 282 million euros raised in the French proptech market. Read more
Note(s): France; 2015 to 2020
Source(s): Crédit Agricole; Klein Blue Partners
 Sources

451 Research Website (rubyhome.com)

Ahrefs
Crédit Agricole
Deloitte
Deloitte (Venture Scanner data)
Deloitte Digital
FinTech Global
GCA
Houlihan Lokey
J Turner Research
JLL
Klein Blue Partners
KPMG
MetaProp
PitchBook
PwC
REBNY
Royal Institution of Chartered Surveyors
S&P Capital IQ
Statista
Urban Land Institute
Venture Scanner

37