Real Estate Tech Q4 2017 Startup Highlights

January 2018
Q4 Startup Highlights
REAL ESTATE TECHNOLOGY

Quarterly real estate technology highlights
2
This brief overview of the real estate technology sector provides three sections
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SectorSummary
Macro-level viewson the
state of the real estate
technology sector
LatestActivity
Major funding and exit
events from the previous
quarter
Deep dive into a single
real estate technology
category
CategoryDiscovery

REAL ESTATE TECHNOLOGY
12 Categories
1,613 Companies
$46B Funding
4Sector stats are continuously changing,data cumulativeas of December2017

5The graphic above shows a random sampling of companiesin each category, data cumulativeas of December2017
REAL ESTATE
TECHNOLOGY
IoTHome
(329Companies)
The Venture Scanner researchplatform
currently tracks 1,613 real estate tech
startups with $46B in funding
HomeServices
(153Companies)
Life,Home,P&CInsurance
(155Companies)
Long-TermSearch
(169Companies)
RealEstateAgentTools
(78 Companies)
IndoorMapping
(36Companies)
ConstructionManagement
(123Companies)
Short-TermSearch
(109Companies)
CommercialSearch
(70 Companies)
PropertyManagement
(149Companies)
FacilityManagement
(122Companies)
PortfolioManagement
(190Companies)

Commercial Search
Short-Term Search
Life, Home, P&C Insurance
Long-Term Search
IoT Home
Home Services
Facility Management
Construction Management
Portfolio Management
Agent Tools
Property Management
Indoor Mapping
6
Innovation quadrant for real estate technology
AverageFunding
ESTABLISHED HEAVYWEIGHTS
PIONEERS DISRUPTORS
AverageAge
This quadrant shows a relative segmentationof the categories with respect to oneanother, data cumulativeas of December2017
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7
Funding into real estate technology is growing
Overall real estate technology funding grew at a CAGR of 63% from 2012-2017,
and 2017 was 162% of 2016 funding
Real Estate Technology Annual Funding Over Time
Data cumulativeas of December2017
0
2
4
6
8
10
12
14
2011 2012 2013 2014 2015 2016 2017
Funding($B)
Q1 Q2 Q3 Q4

8
Each quarter shows a general upward trend in funding with some high outliers
The funding in Q4 2017 grew by 16% over the Q4 2016 funding total
Real Estate Technology Quarterly Funding Over Time
0
1
2
3
4
5
6
7
2011 2012 2013 2014 2015 2016 2017
Funding($B)
Q1 Q2 Q3 Q4

9
Exits within the space are on a general upward trend
Quarterly real estate technology exits in 2017 were higher than 2016,
though Q4 2017 saw a drop of 25% from Q4 2016
Real Estate Technology Exit Events Over Time
0
2
4
6
8
10
12
14
16
2011 2012 2013 2014 2015 2016 2017
ExitEvents
Q1 Q2 Q3 Q4

11
Real estate technology funding events were mostly early stage in Q4 2017
There were 77 funding events this quarter, 48% of which were Seed or Series A
Recent Real Estate Technology Funding Round Counts
Graphs shows only the funding rounds listed therein
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2
4
6
8
10
12
14
Seed A B C D Late Stage
FundingEvents
Funding Event

12
All real estate tech categories saw funding this quarter
Real estate technology startups raised $2.1 billion over the last quarter
Quarterly Real Estate Technology Category Funding
Companiesare categorized by function, and therefore can exist in multiple categories.
0
100
200
300
400
500
600
700
800
900
QuarterlyFunding($M)

13
Recent real estate technology funding events
Notable Recent Real Estate Technology Funding Events
Company FundingType Amount Date
Series E $550,000,000 Dec 17, 2017
Series E $300,000,000 Oct 9, 2017
Series E $120,000,000 Nov 1, 2017
Series B $104,000,000 Oct 17, 2017
Series D $97,000,000 Dec 19, 2017
The top 5 real estate tech events accounted for 50% of quarterly funding

14
Recent real estate technology exit events
Notable Recent Real Estate Technology Exit Events
Company Acquirer Amount Date
$1,200,000,000 Dec 17, 2017
$340,000,000 Dec 5, 2017
Unknown Dec 14, 2017
Unknown Nov 16, 2017
Unknown Oct 3, 2017
There were 9 real estate technology exits this past quarter,
all of which were acquisitions

Category Discovery – Short-Term Search
Every quarter a newcategory will receivea deep dive,providing comparisonsto
other categories and discussingtrends
15

16
Short-term search is one of the leading categories within the real estate tech sector
The short-term search category accounts for 18% of funding in the sector and saw
moderate growth last quarter
Venture Investing in Real Estate Technology
Companiesare categorized by function, and therefore can exist in multiple categories. Data cumulativeas of December2017
0%
10%
20%
30%
40%
50%
60%
70%
80%
0
1
2
3
4
5
6
7
8
9
GrowthfromPreviousQuarter
Funding($B)
Previous Total Quarterly Funding Percent Growth

17
The short-term search category has some large funding outliers
Short-term search has a median funding that is roughly equal to the average
of the other categories, while the third quartile is $15M higher
Real Estate Technology Category Funding Quartiles
Companiesare categorized by function, and therefore can exist in multiple categories. Data cumulativeas of December2017
0
5
10
15
20
25
30
35
40
45
FundingQuartiles($M)
First Quartile Median Third Quartile

18
Annual short-term search funding events are on a general upward trend
Short-term search funding events grew at a CAGR of 10% from 2012-2017
Short-Term Search Annual Funding Events
-
5
10
15
20
25
30
35
40
2011 2012 2013 2014 2015 2016 2017
FundingEvents
Q1 Q2 Q3 Q4

19
Funding within short-term search is highly concentrated
Short-Term Search Companies with Largest Funding Amounts
Company LatestRound Amount Location
Venture $4,400,000,000 San Francisco, CA, USA
Series E $755,000,000 Beijing, China
Secondary $510,000,000 Austin, TX, USA
Venture $450,000,000 India
Series E $272,000,000 Beijing, China
The top 5 short-term search companies by total funding account for 80% of overall
category funding

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Real Estate Tech Q4 2017 Startup Highlights

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