After reaching a high of more than $1 billion in disclosed funding in 2018, property technology — or proptech — start-ups in Asia Pacific saw their funding decline by 38.4 percent in 2019.
Last year, proptech start-ups in the region raised $625.9 million, according to research by JLL and tech media firm Tech in Asia. Deal counts also fell across the board to 38 deals in 2019 compared to 50 in 2018.
“We wanted to get a sense of the Asia Pacific proptech funding scene now compared to two years ago when we first commissioned Tech In Asia to produce Clicks and Mortar: The Growing Influence of Proptech. Fresh data from their sources shows that there’s been a significant decl
