Real estate tech start-ups raise over $1.8bn in H1 2016
Real estate tech start-ups raised over $1.8bn from more than 100 deals in H1 2016, up 85% compared to H1 2015. While activity levels fell 31% in Q2 2016 funding levels were much higher, with $1.37bn raised across 44 deals, driven largely by four major deals; Homelink's $926m in series B funding; SMS Assist's series D round ($150m); a $65m equity round to Buildium, and $55m in series C funding for VTS. The US led with 60% of the deal activity while the UK accounted for 9%, India 8%, and Germany 6%. However, two Chinese start-ups secured the second and third largest deals, with Fangdd raising $311m and Aiwujiwu raising $305m.

Despite experiencing record funding levels, its worth noting that Q2'16 real estate tech had the lowest deal count since Q4'14.

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In the first half of 2016, real estate tech startups raised more than $1.8B across more than 100 deals. The funding total for the first six months of this year represents an 85% increase when compared to the same period in 2015. Q2’16 saw a series of $50M+ financings including startups like Homelink and Buildium raising large rounds.

We used CB Insights data and analytics to track financings to real estate tech startups in Q2’16. This brief covers deal and funding trends, deal share by top country, as well as some of the most well-funded real estate tech startups in the space.

As a reminder, real estate technology encompasses all the 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 includes online real estate rental and buying guides.

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Deals and dollars

In Q2’16, real estate tech companies raised $1.37B across 44 deals.

While Q2’16 deal activity slowed (-31%) funding levels reached record levels increasing more than 200% over the previous quarter. Q2’16 had 4 deals contribute to the bulk of funding including the enormous $926M Series B to Homelink, $150M Series D to SMS Assist, $65M growth equity round to Buildium, and $55M Series C to VTS.

Despite experiencing record funding levels, its worth noting that Q2’16 real estate tech had the lowest deal count since Q4’14.

Top country by deal count

The US still accounts for the majority of deal activity for real estate tech startups.

However, the United Kingdom and India have received an increasing amount of deal activity over the last year. Notable 2016 deals in India include Nestaway Technologies and NoBroker and notable UK 2016 deals include LendInvest and Property Partner.

Germany had some notable deals as well including real estate listing and search companies Lamudi and McMakler raising $31.4M and $9.6M, respectively.

Most well-funded companies

Homelink is by far the most well-funded company on list having raised more funding than the next 3 companies’ total funding combined ($871M).

A number of companies here are based in Asia including PropertyGuru and Aiwujiwu, based in Singapore and China as well as the aforementioned Homelink based in China.

Check out the top 10 list below.

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