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.
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