Just under $1.4bn was invested in PropTech companies in Europe between 2014 and Q3 2019, across 260 deals, which equates to 11.5% of the total capital raised by PropTech companies globally during the period.
Europe has been home to 26.9% of the PropTech deals that occurred globally between 2014 and Q3 2019, mainly driven by investment in the UK, with PropTech companies based in the country capturing almost two thirds of the sector’s funding in the region since 2014.
London is one of the key commercial property centres of the world and is supported by initiative such as the UK PropTech Association which is driving the digital transformation agenda within the industry.
Online real estate agent PurpleBricks went public in Q4 2015 and raised $177m of Post-IPO equity from Axel Springer in May 2018, to fund expansion of its flat-fee brokerage service to the New York market. The company is one of the most well-funded PropTechs in Europe and this transaction is the largest deal in the sector in Europe to date.
More than $235m has been raised by PropTech companies in Europe so far this year, with $138m of this invested in $25m+ deals. McMakler, a fixed price digital real estate agency based in Berlin, raised $56.5m in a Series C round in Q2 2019. This is the largest PropTech deal in Europe this year to date and McMakler intends to use the funds to enhance in-house-technology and digital tools to increase the efficiency of the marketing process for sellers and buyers.
The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2019 FinTech Global
