The convergence of commercial real estate and new technologies has spawned a throng of new startups tackling the real estate tech space
2013 saw venture investors deploy over $429M across 102 deals to private tech companies hoping to disrupt the multi-billion dollar industry as momentum around venture investing in the real estate tech space appears to be hitting a fever pitch. Q4 2013 saw a five-year quarterly high in real estate tech deal totals, which included financings to companies including Apartment List, View This Space and a $50M round to pre-IPO online real estate brokerage Redfin. And 2014 has seen the market continue to attract venture dollars. Real estate crowdfunding startups RealtyMogul and RealCrowd both announced new fundings in the last week while online real estate marketplace Auction.com raised $50M from Google Capital at a $1.2 billion valuation.