Research and Markets has published a new report evaluating startups in the smart buildings sector.
2018 has proved to be a record year for investment in the global smart buildings sector, with over $2.4 billion invested in startups, according to a new study.
The study has identified some Research and Markets has published a new report evaluating startups in the smart buildings sector.
The $2.4 billion invested in startups highlights increased confidence by investors in the sector and indicating the positive response companies are receiving for their products and services in the market.
According to the study:
- The first Unicorn in the smart buildings space was created by the massive $1.1 billion investment in View Glass by Softbank Vision Fund. Even discounting the View investment, 2018 attracted total funding of over $1.3 billion in the commercial and industrial building space, still a record level of investment to date.
- The number of funding rounds has risen to 184 in 2018. The capital invested in the global smart buildings sector has increased more than 6 times since 2012 with the sector attracting around $6.8 billion during this period.
- The publisher identified 109 acquisitions of startup companies over the last 7 years. 2018 accounted for over 37% of these emerging player deals confirming the consolidation trend and increasing recognition by potential acquirers of the benefits of closer collaboration with startups.
- Interactions between major players and early-stage startups have continued to increase in the past 2 years, through accelerator and incubator programmes and direct collaboration. Utility companies and energy services providers have been particularly focused on building relationships with new entrants in the energy sector
To view the report, click here.