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Asia proptech funding dipped 38.4% last year

Asia proptech funding dipped 38.4% last year

Submitted by • March 2, 2020 www.digiconasia.net

While this points to APAC reaching peak venture capitalist interest, other signs show promise in India and pre-series A startups.

Property technology—the application of information technology and platform economics to real estate markets, reached a high of more than US$1 billion in disclosed funding in 2018, but last year, start-ups in Asia Pacific saw their funding decline by 38.4% to reach US$625.9 million.

Deal counts also fell across the board to 38 deals in 2019 compared to 50 in 2018. These figures were disclosed in a joint research study by real estate professional services firm JLL and media company Tech in Asia.

Says Jordan Kostelac, director of proptech, JLL Asia Pacific: “

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