Proptech Investment Dropped in 2020: Will It Rise in 2021?

Deidre Woollard, The Motley Fool
·4 min read

A year ago, I pondered whether the flood of venture capital to the real estate and proptech sector could set a new record in 2020. Clearly, I didn't anticipate a global pandemic that brought much of the real estate sector to a full stop early in the year and continues to drag on commercial real estate. The Center for Real Estate Technology & Innovation (CRETI) tabulated the amount of money venture capital invested in proptech start-ups in 2020 and found $23.8 billion was invested, a decrease of nearly 25% worldwide.