The real estate industry exists for decades but is new to embrace technology and is lagging behind other industries when it comes to digital transformation. The good thing is right now the never-ending real estate comprising of buying, selling, constructing, and renting space is changing by embracing technology. And, many proptech startups are emerging with the mission to transform the industry and bring a positive change.
Encouraging these startups and pushing them to bring about transformation in the real estate market, A/O PropTech, a European VC has announced €250 million funds. Founded in 2019 by Gregory Dewerpe, the firm intends to use this fund to aid the digital transformation of the real estate industry and bring about the highly trendy and much-needed shift towards sustainability.