The last decade has witnessed an exponential growth in real estate tech startups. Globally, the number of startups rose from 176 in 2008 to 1,274 by 2017. In the same period, cumulative investments in these startups soared from $2.4 billion to $33.7 billion.
2017 was a monumental year for real estate tech with some incredible financing rounds, IPOs, exits and ICOs. Softbank Vision Fund has shown great confidence in the sector, deploying $4.4 billion to the coworking behemoth WeWork, $450 million to tech enabled brokerage Compass and $120 million to home insurance company Lemonade. Fifth Wall Ventures raised $212 million for its first fund, the biggest dedicated real estate technology fund to date.