Through the first three quarters of 2016, real estate tech companies have raised $2.1B across 167 deals. Q3’16 real estate tech financing activity included large rounds to late-stage companies like tech-enabled broker Compass as well as a flurry of early-stage financings.
We used CB Insights data and analytics to track financings to real estate tech startups in Q3’16. This brief covers deal and funding trends as well as some of the most well-funded real estate tech startups in the space.
Our real estate tech list includes all the companies building software tools and platforms used by different participants in the real estate industry, including brokers, investors, real estate-focused lenders, property owners, and managers, as well as buyers. The category also includes online real estate rental and buying guides.
Deals and dollars
In Q3’16, real estate tech companies raised $256M across 53 deals.
Q3’16 funding dollars plummeted 82% quarter-over-quarter, but this was mainly due to Chinese online-to-offline services company Homelink‘s $926M Series B round which drove up total funding figures in Q2’16. However, when looking at the 5-year trend, we see that Q3’16 saw the lowest funding total for real estate tech companies since Q2’14.
Despite the funding drop, Q3’16 had some large deals including the $75M Series D to Compass, $27M Series B to Clara Lending, and $26.5M growth equity round to Building Engines.
In total, Q3’16 saw 53 deals, notching the 7th straight quarter with 50+ deals to real estate tech startups. Q3’16 deal count was up 6% on a quarterly basis after dropping to 50 deals in Q2’16.
Most well-funded companies
Homelink, which raised a $926M Series B in Q2’16, is the most well-funded real estate tech company on the list followed by the Asia-based Fangdd and Aiwujiwu, each of which have raised over $300M in disclosed funding to date.
The most well-funded list is comprised of tech-enabled brokerages like Compass and Redfin and property management software companies like SMS Assist, among others.
| Company | Total Disclosed Funding ($M) |
|---|---|
| Homelink | $926 |
| Fangdd | $311 |
| Aiwujiwu | $305 |
| SMS Assist | $255 |
| Real Matters | $203.75 |
| PropertyGuru | $194.92 |
| Compass | $193 |
| Redfin | $166.95 |
| Ten-X | $141.75 |
| Housing.com | $131.24 |
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