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.
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