Q2 YTD 2021 Highlights
Investments-by-Category
This report includes an update on investments by category with detail on investments in residential, commercial, and mortgage. Take a look as to how one sector fares vs another in this quarterly highlight.
Investments-by-Stage
Early stage. Late stage? This report analyzes the investment by stage, whether its marked by angel rounds through Series B rounds or funding often associated with companies focused on scaling and maturing their businesses. Insights inside.
M&A Activity
The update includes highlights of transactions in real estate by strategic and financial acquirers. Find out which companies are making moves to grow through acquisitions this year.
Report Highlight
Year-to-date investment in real estate technology through Q2 2021 was already 82% of full-year 2020 levels:
• Mortgage technology was the clear funding category leader, representing 55% of total funding, led by a secondary market investment in Better of $500M to buy back shares and Blend’s $300M Series G round of funding.
• Residential category funding was 42% of the total investment, led by Homeward’s $371M raise of debt and Series B funding and brokerage platform Side’s $200M Series D funding.
The strong year-to-date M&A activity through Q2 2021 had a significant concentration in the residential category:
• There were several residential strategic acquisitions such as Zillow Group/ShowingTime, Constellation Real Estate/Top Producer, LoneWolf Technologies/LionDesk, and HomeSpotter as well as BoomTown/Brokermint.
• The noteworthy acquisition of CoreLogic by Stone Point Capital and Insight Partners was also completed.
Special Purpose Acquisition Vehicle (SPAC) activity also continued to progress in Q1 and Q2, with Matterport, Offerpad, and Better merger announcements.
About T3 Sixty
Exclusively serving the residential real estate brokerage industry, T3 Sixty provides management consulting and counseling to real estate C-level executives, organized real estate leaders, broker-owners and leaders of high-performance teams to help them grow their businesses. T3 Sixty also offers in-depth research, information and best practices with its hallmark Swanepoel Trends Report, an annual analysis of the biggest trends impacting the industry, and the Real Estate Almanac, a comprehensive examination of the U.S.’s largest brokerages, franchises, networks, associations, MLSs and technology providers.