Slate of prognostications from top VCs, startups and real estate executives includes thoughts on the evolving funding environment, industry consolidation, and key areas to watch for growth.
NEW YORK, Jan. 3, 2023 /PRNewswire-PRWeb/ -- Blueprint, the premier event platform bringing together the very top players from across the real estate technology ecosystem, has today released key insights into how top executives are thinking strategically about opportunities and challenges for the year ahead. Companies contributing their predictions include JLL Spark, Xeal, Versatile, Zigg Capital. PGIM, Cherre, LAB Ventures, OMERS Ventures, and many more.
Given the challenges that have hit proptech startups in 2022, the executives are largely circumspect in looking to the coming year, with a number of them predicting that the high-flying proptech industry of the past few years will see an uptick in M&A and consolidation. But many also see bright spots, where the industry could see greater growth.
"I expect a concentration of capital and power into companies with great unit economics. If you are transaction-level profitable and cut corporate costs courageously, all that capital raised by VCs will find you," writes Proptech Angel Group founder Matt Knight.
Meanwhile, Gavin Myers from Prudence thinks software-based automation in commercial real estate will be a meaningful investable theme in 2023: "Despite widespread adoption of PMS systems, so many processes remain human capital intensive at an asset or regional level."
To read the full set of predictions click here.
About Blueprint: Blueprint Vegas is the premier annual event for proptech and construction tech startups, VCs, and real estate industry executives. The 2023 event, which is taking place at The Paris, Las Vegas on September 12-14, will host over 2000 attendees, and feature more than 70 panels and presentations. Join the largest, most global gathering of industry leaders and innovators across asset classes for three days of networking, learning, and ecosystem advancement. More info and tickets at: http://blueprintvegas.com
Laila Hawe, Blueprint Vegas, 1 203-858-7042, [email protected]
SOURCE Blueprint Vegas