Both deals and dollars in the real estate tech industry saw a slight drop in 2020.
Equity funding to the space came in at $8B, a 10% decline year-over-year (YoY), while deals fell 17% to 446. Real estate tech companies raised $2.8B in Q1’21, marking a 27% drop YoY.
Despite dampened funding, 2021 has already seen several high-profile SPAC and IPO announcements, including Hippo Insurance’s $5B SPAC merger, Compass’ $10B IPO, States Title (now Doma)’s $3B SPAC merger, Offerpad’s $3B SPAC merger, and Matterport’s $2.3B SPAC merger.
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