Market Insight: Commercial Proptech Investment Trends H2 2022-H2 2023
07 Nov, 2023
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Executive Summary
This report examines commercial proptech investment deals between July 2022 and July 2023. Technology vendors and investors can use this report to understand the key trends, top deals and expected near-term future outlook for the proptech market. Proptech funds and investors invested just over $2.5 billion over this period in firms with solutions targeted at commercial application. This report breaks these use cases down into five areas: construction management, commercial property management, operational management, workplace management and retail management. The proptech market experienced some difficulties over this period, amid recession fears and high interest rates, although some firms continued to gather strong funding. Workplace management solutions generated the most funding, while businesses with energy management and ESG use cases also withstood investment headwinds. Looking forward, enduring economic uncertainty will continue to impact the proptech market until the cost of borrowing and lending eases.
Proptech funds invest $2.5 billion across the commercial real estate sector from H2 2022 to H2 2023
Proptech funds close 161 deals from July 2022 to July 2023
Early-stage proptech funding backs innovations in contech, energy and space management
Sustainability and security software firms draw in capital despite market uncertainty
Proptech is not immune to the general tech bear market trend, with proof points critical
Proptech funds close 161 deals from July 2022 to July 2023
Early-stage proptech funding backs innovations in contech, energy and space management
Sustainability and security software firms draw in capital despite market uncertainty
Proptech is not immune to the general tech bear market trend, with proof points critical
Figure 1. Proptech category definitions
Figure 2. Regional breakdown of investment rounds
Figure 3. Number of investment rounds per funding stage
Figure 4. H2 2022-H2 2023 proptech investment levels by category ($ m)
Figure 2. Regional breakdown of investment rounds
Figure 3. Number of investment rounds per funding stage
Figure 4. H2 2022-H2 2023 proptech investment levels by category ($ m)
Haltian, Brivo, Workvivo, Calumino, Owl Rock Capital, ABB, Powerplay, Crunchbase, Tiger Global, XXII, BrainBox AI, Lowercarbon Capital, Runwise, Deepki, Original Capital, Ariadne, Toggle Robotics, OMRT, XY Sense, CrowdStreet, Eagle Eye Networks, Curri, Bessemer Venture Partners, Aquicore, KEWAZO, Sublime Systems, Constru, FM:Systems, measurable.energy, Juniper Square, SECOM, Infogrid, Butlr, SwiftConnect, Fifth Wall, Goldman Sachs Asset Management, Blackstone, SafeAI, Dealpath, JLL Spark, Mews, Hyperion Robotics, Morgan Stanley, Zety.ai, Johnson Controls, TIA Ventures, Peak Power, Verkada, Measurabl, Cypress Equity Investments, Xpanner, Linse Capital, Energy Impact Partners, SoftBank Vision Fund, Robin, BuildOps, Zanecon, Microshare
About the Authors
Ben Readman
Industry Analyst
Ben is an Industry Analyst covering the real estate sector, with a focus on data centres and hotels. His core research covers more than 100 vendors in the energy efficiency, s…
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Claire Stephens
Research Director
Claire Stephens is a Research Director at Verdantix, leading research into technologies and services shaping the real estate and the built environment, encompassing …
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