In the real estate tech industry, the rich are getting richer. Much richer.
WeWork led our annual ranking of the largest venture capital funding rounds for the second straight year, thanks to a $3 billion investment from SoftBank’s Vision Fund. Opendoor, which came in fourth, made the top four for the second time since 2016. And Compass, which placed fifth, has made the top five each year since 2016.
That the same companies keep raising the biggest funding rounds year after year is indicative of a bigger trend: more and more venture capital goes to fewer and fewer companies. And while the big players are drowning in cash, many smaller startups are struggling to survive amid a more hostile funding environment.
Image: https://therealdeal.com
