Dear MetaProp Community,
Today we bring you the Year-End 2022 Global PropTech Confidence Index, sponsored by PwC and presented by MIPIM, REBNY, and RICS. This major thought leadership report provides the global community with industry insights from startup founders and capital investors regarding the PropTech innovation ecosystem. You can download the report here.
HIGHLIGHTS
- Investor Confidence is 5.4 out of 10, with 71% of investors expecting to make more or the same number of investments, down from 88% in Mid-Year 2022. Notably, today's investor outlook is in line with the pullback we saw at the outset of the COVID-19 crisis in Mid-Year 2020.
- Startup Confidence is 4.4 out of 10. This represents a minor increase from 4.2 at Mid-Year 2022 and marks a significant drop from the record high of 8.3 at Mid-Year 2021, signaling stabilization but at a much lower level.
- 38% of investors expect to see an increase in deal flow in 2023 - up from 19% at Mid-Year 2022 - as startups continue to report tightening runways.
- Startup founders are modestly more optimistic about the fundraising climate than they were six months ago. 57% of startup founders anticipate that it will be more difficult to raise capital in the coming 12 months, which is down from 71% at Mid-Year 2022, but up from 20% at Year-End 2021.
- Both founders and investors continue to anticipate an uptick in industry consolidation over the next 12 months.
Download the report to read valuable insights from Hayato Tsuji, Managing Director of Real Estate at Development Bank of Japan; Stephanie Vega Ziegler, Director at Ferguson Strategic Development; Ryan Waliany, Co-Founder and CEO of Doorstead, and Brian Hardecker, CEO of Truehold.
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written by Maureen Waters, Partner, MetaProp
MIPIM Cannes is truly the only global gathering that addresses the entire real estate value chain. From hosting the kick-off innovation party with PiLabs, leading insightful discussions into PropTech's role in our journey to net zero, and participating in the prestigious MIPIM awards, MetaProp is honored to be part of such a dynamic, vibrant community!
We are looking forward to continuing our 5-year journey with MIPIM as a strategic partner of MIPIM NY on November 29-30, 2023. Let’s bring the MIPIM Cannes community to New York City and continue to accelerate innovation in the built world.
Visit our latest blog post to learn more about our exciting week.
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PropTech Industry News.
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SELECT FINANCINGS
- Gable, a three-year-old San Francisco startup that helps businesses manage the use of remote workspaces, raised a $12M Series A round co-led by SemperVirens and Foundation Capital, with Tishman Speyer Ventures, Ulu Ventures, and January Ventures also contributing.
- BlocPower, a New York-based building decarbonization startup, raised $24M in Series B funding. VoLo Earth Ventures led, and was joined by Microsoft Climate Innovation Fund, Credit Suisse, Builders Vision, New York State Ventures, and more.
- Toggle, a New York-based rebar robotics startup, raised $3M in Series A expansion funding from Tokyu Construction.
- Renovate Robotics, a New York startup that is building robots to install roof shingles, raised a $2.75M pre-seed round led by Alley Robotics Ventures; additional investors included Grit Ventures, SOSV’s HAX, Newlab, Uphonest Capital, and Climate Capital.
- LandTrust, a Bozeman, Mont.-based online land-sharing marketplace, raised $6M in Series A funding. The Wilks Brothers led the round and was joined by Wonder Fund ND.
- Adaptis, a Toronto-based modeling platform for buildings, raised $1.5M in pre-seed funding. 2048 Ventures led the round and was joined by Powerhouse Ventures and Blue Vision Capital.
- Airex Energy, a Canadian provider of decarbonization solutions, raised C$38M in Series B funding. Cycle Capital led, and was joined by FTQ Fonds de Solidarité and insiders Investissement Québec, Desjardins-Innovatech, and Export, Development Canada.
- The Climate Choice, a Berlin-based climate intelligence software platform, raised $2M in pre-seed funding. Gutter Capital led the round and was joined by Possibilian Ventures, West Tech Ventures, and Business Angels.
- StructShare, an Austin, Texas-based construction procurement and inventory platform, raised $8M. KOMPAS led, and was joined by SeedIL and CEMEX Ventures.
- Engrain, a Denver-based interactive mapping technology and data visualization software company, raised $12M in Series A funding led by RET Ventures.
HEADLINES
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PropTech Job Spotlight.
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MetaProp Portfolio Job Board!
Those looking to get plugged into opportunities with PropTech's hottest companies can visit jobs.metaprop.vc to see current roles available across our portfolio. You can filter by company, topics, job function, and location.
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Upcoming PropTech Events.
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May 10 - 11, 2023 | London
CRETECH London
At CRETECH London, hear from and meet with the biggest names in the world that have made the steps to improve the way we build and make a difference in decarbonising the Built World. Register here.
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May 16 - 18, 2023 | Toronto
2023 ULI Spring Meeting
The ULI Spring Meeting is where ULI members come together to shape the built environment through networking events, interactive sessions, roundtable discussions, and small group tours. Register here.
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June 5 - 9, 2023 | Mexico City
LATAM PropTech Summit
PropTech Latam is the platform that brings together the leaders and disruptors of Real Estate in Latin America. Register here.
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