Redfin, Fangdd, Urban Compass and HouseTrip are just a few of the companies that have venture capitalists pulling out their checkbooks to take big ownership stakes this year, TechCrunch reports. But it’s not just the size of the deals, but the number of funding rounds that shows the promise of real estate tech.
“The higher investment numbers reflect a new demand for tech-driven solutions in the market, as real estate owners and brokers are incorporating tech on a more widespread level,” TechCrunch’s Christine Magee reports. The most active investors include Tiger Global Management, Thrive Capital, and Founders Fund. Source: techcrunch.com.