As real estate tech proliferates outside the US market, real estate tech startups in Asia raised roughly $850M in funding in 2015, roughly half of the $1.7B raised globally. In fact, 4 of out of the last 5 quarters reached $200M+ in funding to real estate tech in Asia, with funding led by mega-rounds to two property listing and information portals, Shanghai-based Aiwujiwu and Shenzhen-based Fangdd.
By definition, real estate technology encompasses all dedicated software used by different participants in the real estate industry, including brokers, investors, real estate-focused lenders, property owners, and managers, as well as buyers.
Deals and dollars
Funding saw impressive growth year-over-year. In 2015, Asia-based real estate tech startups raised $848M, compared to $580M in 2014 representing a 46% increase in funding dollars deployed.
Deal activity to Asia-based real estate tech startups is up as well. 4 out of the last 5 quarters have seen 10+ deals with Q3’15 notching an all-time high at 12 deals.
Deal and dollar share by market
India was responsible for the plurality of deal share accounting for 39% of real estate tech deals. China and Japan rank at the 2nd and 3rd spot for real estate tech deal share accounting for 19% and 8%, respectively.
Singapore, UAE, and Russia accounted for smaller slices of real estate tech deal share, as seen below.
While China accounts for 19% of deal share in Asia, they are taking 62% of dollars going to Asia-based real estate tech startups. This indicates that there are fewer, but relatively large deals taking place in China.
Outside of China, India and Singapore accounted for 18% and 12% of dollar share edging out other markets like South Korea, UAE, and Pakistan.
Want more real estate tech data? Check out our venture capital database below.
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
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