Q2 YTD 2021 Highlights

Get the update on funding for real estate. Released in August 2021

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.

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.

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