If it seems like real estate tech companies are raising money almost on a daily basis, it’s because they are.According to CB Insights, funding within the real estate tech industry has boomed tenfold since 2011, amassing $6 billion in funding globally with roughly half of investments going toward U.S. companies.Funding at a historic rate -- and accompanying concerns The real estate tech industry is continuing to acquire funding at a historic rate: U.S. companies have already raised more in the first three quarters of 2016 than all of last year, which was a record-breaking year.So far this year, investors have poured $821.3 million into real estate tech, setting the industry on pace to raise more than $1 billion for the first time in history. The success of companies such as Zillow, SmartZip and Placester continues to attract entrepreneurs from inside and outside of real estate who are attempting to modernize an industry known for being slow to move on t...
- Funding within the real estate tech industry has boomed tenfold since 2011.
- Funding in 2016 is going primarily toward fintech and property management tools.
- Data seem to indicate that real estate tech companies designed to support the traditional model tend to have more immediate success.