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In 2021, **** billion U.S. dollars were invested into proptech companies globally. The unique investment amount has been steadily rising since 2012, with the exception of 2020, even though the number of poptech companies founded has fallen in that time.

What is proptech?

Proptech, also known as Real Estate Tech or CRE Tech, is the use of information technology to assist in the research, purchase, sale and management of real estate. It is comparable to FinTech for the financial services sector in that way. Proptech is a relatively new area, but has huge potential to disrupt the real estate sector. A 2019 survey demonstrated this, when over ** percent of commercial real estate capital investors indicated that they expect proptech to have a significant or moderate effect on the sector globally.

Focus of proptech startups

Some property sectors are more attractive to proptechs than others. In 2021, over half of proptech startup CEOs said they were focused on residential real estate markets, whereas only one fourth were targeting hospitality real estate markets.