[caption id="attachment_55898" align="alignleft" width="416"] Shenzhen, China-based online platform Fang.com topped the CB Insights list for well-funded companies in Q1 2016[/caption]
CB Insights data shows real estate tech funding and deal activity hit record levels in 2015, and in terms of activity investors have not put on the brakes.
The data shows real estate tech startups raised $428 million across 56 deals in Q1'2016, representing a small pullback in funding since last year but a record for deal activity.
Online real estate investment portal Cadre, founded by entrepreneur Josh Kushner, raised the largest amount of funding in the quarter with a $50 million Series B in January 2016.
Cadre‘s round included participation from Founders Fund, General Catalyst Partners and Khosla Ventures.
Meanwhile Crowdfunding marketplace RealtyShares raised a $20 million Series B led by Union Square Ventures and Property Partner raised a $22.4 million Series B led by Octopus Ventures with Index Ventures’ participation.
Other notable deals in Q1’16 include the $4 million Series C to mortgage tech startup Blend Labs and Beijing-based commercial real estate services platform Haozu.com.
Shenzhen, China-based real estate platform Fang tops the list with the most amount of cash, having raised $311 million since its founding. PropertyGuru and Aiwujiwu, based in Singapore and China respectively, round out the top 3.
Seattle-based online brokerage Redfin, is the most well-funded US company on the list.
The CB Insights data and analytics tracked the financing of to real estate tech startups in Q1’16, including all the software tools and platforms used by different participants in the real estate industry such as brokers, investors, real estate-focused lenders, property owners, and managers and buyers.
BEST FUNDED COMPANIES IN Q1 2016 (M)