PropTech industry confidence is at an all-time low.
Amid spiking (but potentially abating) inflation, higher interest rates, SPAC collapses & recession fears, talk of PropTech's future and VC concerns have dominated recent headlines. The 2022 Mid-Year Global PropTech Confidence Index, sponsored by PwC, shows that confidence is PropTech - as an industry - is at an all time low.
The Mid-Year Global PropTech Confidence Index report provides the global community with industry insights from startup founders and capital investors from all corners of PropTech. This year's data highlights:
Valuable insights from industry leaders including Liza Benson, Partner at Moderne Ventures; Raj Singh, Managing Partner at JLL Spark; Matt Shampine, CEO at Dongnae; and Ethan Lieber, CEO at Latchel, are all written in the report.
- 62% of investors expect to make the same number of PropTech investments over the next 12 months. This is a departure from the last Index in which 71% of respondents expected to make more investments.
- 71% of startup founders believe that it will be harder to raise capital in the coming 12 months, up from 27% six months ago.
- 52% of startups have stated that without raising additional capital, they have less than 12 months of runway.
- 35% of investors are interested in investing in startups that impact the multifamily industry, a record high for the category. Conversely, only 10% of investors are interested in investing in startups that impact the office industry, a record low for the category.