Proptech VCs Hit a Pause

As the larger tech sector has experienced a valuation reset, venture capital investors in proptech are taking a much more careful stance, wanting to see a clear path to profits.

JLL Leans Further Into ‘Exploding’ Office Proptech Space With New Deal

JLL has inked a new partnership with a proptech firm as part of its effort to build an ecosystem of tech solutions for office landlords and tenants. 

The global commercial real estate firm reached a deal to sell one of its own workplace tech applications to HqO, a startup it invested in last year, as a way to combine two types of office tech offerings into one platform, JLL Technologies President Sharad Rastogi told Bisnow

Proptech startup CEO on valuation woes: “Flat is the new up”

HomeLight, a San Francisco-based proptech firm that facilitates contingency-free, cash transactions, bought the Denver-headquartered fintech Accept.inc — its third acquisition in as many years — making it the largest “agent-focused cash offer program” in the U.S.

Proptech Bubble Deflates As Startups Swallow Lower Valuations

After years of exuberant dealmaking, the proptech industry is facing a reckoning. 

Proptech unicorns that raised boatloads of cash and went public with promises to disrupt the multitrillion-dollar commercial real estate industry have seen their valuations plummet in recent months. The sector’s losses have outpaced the overall market drop this year as the Federal Reserve has taken aggressive measures to curb inflation.