Confidence in proptech declines, inspired by WeWork's failed IPO

by Property Editor
February 12, 2020

With the recent failed IPO of coworking space aggregator, WeWork, confidence in the proptech sector has declined, according to a new survey.

Only 45% of so-called proptech investors said they plan to make more investments in 2020 than in 2019, down from a high of 64% in the middle of last year.

The proptech industry became the latest buzzword and investment niche a few years ago. The category includes everything from building management technology, such as sensors to capture real-time data on temperature changes, to platforms such as Opendoor, which uses computer algorithms to buy and sell homes over an app.

Read more here

by Property Editor
February 12, 2020

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