Insights

Q1 2021 was the most active quarter in growth capital and M&A activity in the Proptech market since GCA began tracking the space in 2017

Previous Next

Market Update: U.S. PropTech Q1 2021

Contact: Chris Gough

EXECUTIVE SUMMARY

  • Q1 2021 was the most active quarter in the PropTech market since GCA began tracking the space in 2017
    • $4.5Bn in equity and debt growth investment into the U.S. PropTech market in Q1 2021 represents over 60% of the total capital invested into the PropTech space in all of 2020 and represents the largest amount of funding into the space since GCA started tracking market data in 2017
    • 21 financing rounds north of $50MM and 13 financing rounds over $100MM into leaders such as Notarize, Side, Blend, iLobby, SimpleNexus and multiple others
  • Record breaking M&A activity with over 40 PropTech M&A transactions announced in the quarter, which represents ~40% of the total number of PropTech M&A transactions announced in all of 2020
  • Public market momentum and valuations remains very healthy: Multiple high profile SPAC and IPO transactions announced in the quarter
    • Latch, Matterport, Doma and Hippo announced SPAC mergers and Compass went public on 4/1
  • GCA expects continued strong PropTech market activity in 2021 given the momentum and tailwinds in the sector

 

Previous Next
Back to Insights