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The PropTech revolution is in full swing, and today, there’s ever growing excitement around the sector. PropTech investment has skyrocketed over the past few years, and venture capitalists are climbing over each other to get involved with the next big thing. Perhaps it’s unsurprising given the relatively untapped potential of a vast global real estate market, however, the latest wave of digital disrupters is certainly doing something right, and some big players are getting involved.
In 2018 alone, it was estimated that around $14.85bn were pumped into the PropTech ecosystem, and these figures look set to continue skyrocketing as we enter the third decade of the 21st century. However, what is it that PropTech startups are doing differently now, than say, a decade ago? Here, we take a look at the PropTech sector and the exciting new developments that are now attracting the biggest venture capitalists in the world.
Digital Disruption for the Real Estate Industry
The real estate industry has, traditionally, been somewhat resistant to change. Unlike other industries that have embraced digital disruption over the past decade, the slow take up of innovative technologies has been something of an anomaly. The massive scale and broad scope of the industry is perhaps one reason for this, but the thinking also goes that, until now, the tools, platforms, and ideas bought to the table were simply not good enough to fuel real change.
However, today, there is a wealth of startups looking to disrupt the real estate industry across a broad range of sectors. Now, truly smart homes look to be within reach thanks to developments on both the hardware and software sides of PropTech. Blockchain technology and crypto are promising avenues that startups are embra… Read More
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