Zillow and Redfin were both founded in 2006, a year that foreshadowed the beginning of big VC investment in real estate tech. Then came the recession, which affected every part of the US economy—but especially the real estate market and the companies surrounding it.
Around 2013, investment in real estate tech picked back up, and it's been going strong ever since. For the purposes of this datagraphic, we've defined real estate tech as a niche industry focused on the buying, selling and renting of real estate—from online marketplaces to companies that provide information to facilitate the transition of ownership. The data excludes companies focused on construction, co-working spaces and other areas adjacent to real estate.
Here's a visual representation of the VC dollars going toward real estate tech startups in the US:
Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More
Article by Dana Olsen, Reilly Hammond - PitchBook