UK proptech funding reached a file £1.6bn in 2021 and has greater than quadrupled since 2020, in line with enterprise capital agency Pi Labs.
The London-headquartered agency stated 2021 UK proptech funding ranges are greater than 15 occasions greater than the £105.68m invested in 2016, demonstrating the fast rise of the sector.
The surge in UK proptech funding is as a result of creation of tech options in areas corresponding to logistics, sustainability, development robotics, and office wellbeing.
Extra not too long ago, firms have sought to capitalise on the nascent metaverse by constructing options that hyperlink the bodily and digital world.
A surge in proptech mergers and acquisitions has additionally pushed exercise within the sector, Pi Labs stated. As per the report, there have been 152 international proptech acquisitions in 2021 to this point, up from 92 final 12 months.
Lately, HqO, the US end-to-end industrial tenant engagement app acquired its counterpart in Europe, Workplace App. Likewise, proptech unicorn VTS acquired Lane, an asset administration and tenant engagement platform.
International proptech investments elevated from £7.07bn in 2020 to £15.52bn to this point in 2021.
There has additionally been a rise in funding pumped into proptech options that goal to decarbonise the sector.
“Proptech funding is rising considerably 12 months on 12 months, as the true property sector is more and more conscious of the operational efficiency gaps which have been unaddressed for a variety of years. “Because the UK actual property sector wakes as much as the modifications required to achieve net-zero targets, landlords, buyers and occupiers are realising that technological adoption will play an important function in future-proofing property and assembly sustainability pledges.”
Bookmark your favourite posts, get every day updates, and luxuriate in an ad-reduced expertise.
