Real Estate Tech Q4 2017 Startup Highlights

January 2018

Q4 Startup Highlights

REAL ESTATE TECHNOLOGY

Quarterly real estate technology highlights

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This brief overview of the real estate technology sector provides three sections

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Sector Summary

Macro-level views on the state of the real estate

technology sector

Latest Activity

Major funding and exit events from the previous

quarter

Deep dive into a single real estate technology

category

Category Discovery

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Sector Summary

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12 Categories

1,613 Companies

$46B Funding

4Sector stats are continuously changing, data cumulative as of December 2017

5The graphic above shows a random sampling of companies in each category, data cumulative as of December 2017


IoT Home(329 Companies)

The Venture Scanner research platform currently tracks 1,613 real estate tech

startups with $46B in funding

Home Services(153 Companies)

Life, Home, P&C Insurance(155 Companies)

Long-Term Search(169 Companies)

Real Estate Agent Tools(78 Companies)

Indoor Mapping(36 Companies)

Construction Management(123 Companies)

Short-Term Search(109 Companies)

Commercial Search(70 Companies)

Property Management(149 Companies)

Facility Management(122 Companies)

Portfolio Management(190 Companies)

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Commercial Search

Short-Term Search

Life, Home, P&C Insurance

Long-Term Search

IoT Home

Home Services

Facility Management

Construction Management

Portfolio Management

Agent Tools

Property ManagementIndoor Mapping

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Innovation quadrant for real estate technology

Average Funding

ESTABLISHED HEAVYWEIGHTS

PIONEERS DISRUPTORS

Ave

rage

Age

This quadrant shows a relative segmentation of the categories with respect to one another, data cumulative as of December 2017Visit www.venturescanner.com to learn more about our real estate technology report and research platform

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Funding into real estate technology is growing

Overall real estate technology funding grew at a CAGR of 63% from 2012-2017, and 2017 was 162% of 2016 funding

Real Estate Technology Annual Funding Over Time

Data cumulative as of December 2017Visit www.venturescanner.com to learn more about our real estate technology report and research platform

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Each quarter shows a general upward trend in funding with some high outliers

The funding in Q4 2017 grew by 16% over the Q4 2016 funding total

Real Estate Technology Quarterly Funding Over Time


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Exits within the space are on a general upward trend

Quarterly real estate technology exits in 2017 were higher than 2016, though Q4 2017 saw a drop of 25% from Q4 2016

Real Estate Technology Exit Events Over Time


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Latest Activity

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Real estate technology funding events were mostly early stage in Q4 2017

There were 77 funding events this quarter, 48% of which were Seed or Series A

Recent Real Estate Technology Funding Round Counts

Graphs shows only the funding rounds listed thereinVisit www.venturescanner.com to learn more about our real estate technology report and research platform

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All real estate tech categories saw funding this quarter

Real estate technology startups raised $2.1 billion over the last quarter

Quarterly Real Estate Technology Category Funding

Companies are categorized by function, and therefore can exist in multiple categories.Visit www.venturescanner.com to learn more about our real estate technology report and research platform

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Recent real estate technology funding events

Notable Recent Real Estate Technology Funding Events

Company Funding Type Amount Date

Series E $550,000,000 Dec 17, 2017

Series E $300,000,000 Oct 9, 2017

Series E $120,000,000 Nov 1, 2017

Series B $104,000,000 Oct 17, 2017

Series D $97,000,000 Dec 19, 2017

The top 5 real estate tech events accounted for 50% of quarterly funding

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Recent real estate technology exit events

Notable Recent Real Estate Technology Exit Events

Company Acquirer Amount Date

$1,200,000,000 Dec 17, 2017

$340,000,000 Dec 5, 2017

Unknown Dec 14, 2017

Unknown Nov 16, 2017

Unknown Oct 3, 2017

There were 9 real estate technology exits this past quarter, all of which were acquisitions



Category Discovery – Short-Term Search

Every quarter a new category will receive a deep dive, providing comparisons to other categories and discussing trends

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Short-term search is one of the leading categories within the real estate tech sector

The short-term search category accounts for 18% of funding in the sector and saw moderate growth last quarter

Venture Investing in Real Estate Technology

Companies are categorized by function, and therefore can exist in multiple categories. Data cumulative as of December 2017Visit www.venturescanner.com to learn more about our real estate technology report and research platform

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The short-term search category has some large funding outliers

Short-term search has a median funding that is roughly equal to the average of the other categories, while the third quartile is $15M higher

Real Estate Technology Category Funding Quartiles

Companies are categorized by function, and therefore can exist in multiple categories. Data cumulative as of December 2017Visit www.venturescanner.com to learn more about our real estate technology report and research platform

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Annual short-term search funding events are on a general upward trend

Short-term search funding events grew at a CAGR of 10% from 2012-2017

Short-Term Search Annual Funding Events


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Funding within short-term search is highly concentrated

Short-Term Search Companies with Largest Funding Amounts

Company Latest Round Amount Location

Venture $4,400,000,000 San Francisco, CA, USA

Series E $755,000,000 Beijing, China

Secondary $510,000,000 Austin, TX, USA

Venture $450,000,000 India

Series E $272,000,000 Beijing, China

The top 5 short-term search companies by total funding account for 80% of overall category funding



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