Real Estate Tech Deals Down, Funding Up
CRETECH
Real estate technology funding is on track to reach another high. In the first quarter of this year, emerging tech companies closed 61 deals and received $733 million in funding.According to CB Insights, if the current investment rates continue, real estate tech company funding could reach $2.9 billion, a 10% increase year-over-year in raised capital. The niche is tracking to close the year with 247 deals, which is an 11% decrease in deal activity from 2016. Note that last year real estate tech …