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Investment into the PropTech market continues to accelerate, and 1H 2021 saw the most investment activity in the market since GCA began tracking the space in 2017

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Market Update: U.S. PropTech Q2 2021

Contact: Chris Gough

EXECUTIVE SUMMARY – Q2 AND 1H 2021 PROPTECH MARKET UPDATE

  • Investment into the PropTech market continues to accelerate, and 1H 2021 saw the most investment activity in the market since GCA began tracking the space in 2017
    • ~$4Bn in equity and debt growth investment into the U.S. PropTech market in Q2 2021 across 134 investments
    • 1H 2021 equity and debt investment of $8.5Bn already surpasses the total amount of capital invested in 2020
    • 25 financing rounds north of $50MM and 10 financing rounds over $100MM in Q2 2021 into leaders such as Figure, Snapdocs, Cherre, Tomo and multiple others
  • Continued activity in the M&A market, with ~36 transactions, ~90% of which were driven by strategic consolidators – M&A activity in 2021 on pace for a record year
  • Public market momentum and valuations remains very healthy: Multiple high-profile SPAC and IPO transactions announced in the quarter
    • Better, Sonder and SmartRent announced SPAC mergers while Blend and Procore went public
  • GCA continues to be one of the most active advisors to the PropTech market and expects continued strong PropTech market activity in 2021 given the momentum and tailwinds in the sector

 

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