PropTech and ConTech Aren’t So Far Apart

If you are in the real estate industry, you are in the construction industry as well. In that light, today’s State of Construction Technology report released by JLL should be required reading.

It provides not only an overview of the sectors within the construction tech industry but also an outlook on future growth in the field (needless to say, the future potential of technologies like building imaging and robotics is massive).

Interestingly, the report points to a 20% drop in venture funding for construction tech this year, despite $10 million-plus funding rounds at seven different companies, including Billd (a payment platform), Matterport (3D imaging for buildings), and Fieldwire (a field management tool).