What’s hot and what’s not in proptech investment

Plus, insights from our latest reader survey

July 10, 2023 Hi, Didong.  The real estate and proptech sectors have a history of famous hits (hello, Airbnb) and misses (remember Katerra? Oops.). Still, it’s striking that even as housing prices stay high, VC investment in real estate and proptech startups has hit a five-year low. 🏠 Housing is hot but real estate startup funding is not As the broad pullback in venture investment extends into its second year, real estate-focused startups have not been spared, Crunchbase data shows. But market enthusiasm remains robust for business plans that strike a chord with the times. We look at what’s still getting VC investment. 🪨 When do we hit rock bottom? North American funding falls again Despite the mounting AI buzz and some resurgence in the IPO and M&A markets, actual North American funding tallies are unequivocally trending lower. In fact, second-quarter venture spending in the region was by far the lowest quarterly total in more than three years. 🕛 What a wild H1 2023 means for the second half From crypto contagion to mass layoffs to a banking crisis to — yes — the neverending AI craze, the first half of the year has been a winding ride for venture and startups. We take a look back. 🔮 Reader survey: Recession fears linger, cash runways in danger Most of you still think a recession this year is more likely than not. You’re tinkering with AI tools, but not yet convinced they’re world-changing. Your companies are still slashing costs. And almost a third of you say your companies only have six months of runway left in the bank. (Yikes!) Those are some of the takeaways from our latest quarterly Crunchbase News reader survey, where we gauged your sentiments about the state of the economy, company financials and yes, AI. Crunchbase ROI Calculator See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data. Calculate Crunchbase Pro: Searches and Lists Name Type Entries Houston-based investment firms Investors 224 Venture investments in Real Estate companies in the last year Funding Rounds 284 Real estate investment, 2016-present Companies 1269 More Featured Searches and Lists Check out our Crunchbase solutions here – prospecting tools made for everyone Recent Investments EGYM 207M EUR / Series F EGYM is a smart fitness startup that provides fitness and health facilities with intelligent workout solutions. Categories: Fitness • Sports • Wellness Founders: Florian Sauter, Philipp Roesch-Schlanderer Investors: Affinity Partners (Lead), Bayern Kapital, Mayfair Equity Partners Syrius Robotics 100M CNY / Venture Round Syrius Robotics develops autonomous mobile robots with a self-developed operational system, software platform, and AIoT cloud service. Categories: Artificial Intelligence • Industrial Automation • Internet of Things • Robotics Founders: Jiang Chao, Junbin Liu, Kunlin Yu, Xuan Luo Investors: Anhui Industrial Transformation and Upgrading Fund, Tongling Dajiang Investment, Tongling State-owned Capital Glasswall 5.0M GBP / Debt Financing Glasswall is a cybersecurity company that protects organizations from file-based threats. Categories: Cloud Security • Compliance • Consulting • Cyber Security • Security • Software Engineering Investors: HSBC (Lead) More Fundings Company Amount / Round Lead Investor Telexistence 23B JPY / Series B - WasteFuel $16M / Series B BP Ventures Hardt Hyperloop 12M EUR / Venture Round - Allarity Therapeutics $11M / Post-IPO Equity - Cavli Wireless $10M / Series A Chiratae Ventures KiddieKredit Unknown / Non Equity Assistance LearnLaunch Fund + Accelerator All Recent Funding Activity Recent Acquisitions Widerøe Pending acquisition by Norwegian Air Shuttle for $106M More Acquisitions Company Acquired By Amount Truland Homes D.R. Horton $100M All Recent Acquisition Activity Upcoming Tech Events Marketing 2.0 Conference USA July 10 - 12, 2023 in Las Vegas A three-day event, the Marketing 2.0 Conference will unite top marketers and advertisers Accelerator Deadlines Date Accelerator Location Jul 31, 2023 a2Collective.ai Chevy Chase Aug 15, 2023 Boomtown Accelerators Boulder More Upcoming Deadlines Don’t see your event? Reach out to us at events@crunchbase.com. Discover innovative companies and the people behind them. 564 Market St, San Francisco, CA 94104 © 2023 Crunchbase Inc. All rights reserved. Privacy Policy | Terms of Service Unsubscribe from Crunchbase Daily.