Tech Leaders Raised Over $336M in 2016
The Swanepoel Power 200 (SP200), the definitive ranking of residential real estate’s 200 most powerful leaders from the Swanepoel T3 Group, holds a mirror up to the industry, reflecting its makeup, its leaders and its trajectory. The tech firms on the 2017 SP200 list, released on Monday, raised more than $336 million in 2016, reflecting a younger, tech-centric industry future.
The 3-year-old tech-based brokerage Opendoor headlined real estate tech funding in 2016 with a $210 million round in December. That raise and the firm’s innovations this year pushed its co-founder and CEO Eric Wu up 24 slots from last year’s SP200 to the 139th most powerful person in real estate.
Other SP200 tech firms raising big money last year, include:
- New York City-based brokerage Compass, which raised $75 million in August. That, along with aggressive expansion, catapulted the firm’s co-founder and CEO Robert Reffkin into the top 100 SP200 leaders, up 41 SP200 slots from a year ago to No. 85.
- Moving app Updater raised $23 million in August, helping earn Founder and CEO David Greenberg, 36, a place on first annual SP2017 Emerging Leaders list, which includes industry leaders aged 40 or younger as of Dec. 31, 2016, who are poised for significant careers.
- Rental site Zumper raised $17.6 million in October, which also helped its Co-Founder and CEO, Anthemos Georgiades, 34, earn spot on the SP2017 Emerging Leaders list.
Collectively, the 33 tech firms on the 2017 SP200 list have raised nearly $2 billion since inception.
“Technology proves over and over again its capacity to revolutionize the real estate industry, and the scope of recent investments in top firms suggests we’re poised for some significant changes,” said Swanepoel T3 Group Chairman and CEO Stefan Swanepoel.
The SP200 is published annually by the Swanepoel T3 Group. In addition to the main SP200 list, there are five supplemental lists, top Tech Executives among them, and four Bonus Lists. See the full 2017 SP200 at www.sp200.com.
About the Swanepoel T3 Group:
The Swanepoel T3 Group provides CEOs, business leaders, association and MLS executives, brokers and high-performance teams the knowledge, best practices and support to reshape their business. T3 Sixty, the consulting arm of the Swanepoel T3 Group, provides a 360-degree approach to real estate businesses with extensive research, trend and strategic analysis. It provides an authoritative perspective on business innovation, digital disruption management and supports firms with risk and compliance assessments and preparation.