Proptech a bright spot in fintech fundraising
Proptech and sustainability tech continue to attract capital, according to KPMG research.
The consulting firm’s Pulse of Fintech report covering the second half of 2023 revealed total fintech investment reached $113.7 billion, with a total funding deal count of 4,547. However, these figures represent the lowest year-total investment rates since 2017, signalling a notable decline in investor confidence.
However, amidst this overall downturn, certain sectors demonstrated resilience and growth. Proptech investment surged to a record high of $13.4 billion in 2023, while investment in ESG-focused fintech rose to $2.3 billion, from $1.2 billion in 2022.
The research did not identify how much capital was raised for proptech ventures seeking to boost sustainability, however this has been a focus for many proptech companies worldwide.