International. Investment in smart building companies in 2019 amounted to US$5.4 billion spread over 316 funding rounds. This is about 31% lower than the record level of $7.8 billion of capital investment in 361 rounds in 2018, but up 61% from the 2017 level of $3.3 billion spread across 301 rounds.
Of the 970 investments in the past three years, 54% went to companies located in North America, reflecting the comparative ease with which companies based in the United States and Canada can obtain financing. Companies based in Europe and the Middle East accounted for 35% of the total number of funding rounds, while companies in the Asia Pacific region accounted for 11% of the total.
The report's data reveals an unprecedented increase in global investment since 2017, which is confirmation of a slowly evolving shift in the smart building space.
With the number of funding rounds increasing to more than 300 per year, the higher level of activity maintained over the past three years is a significant indicator of the growing acceptance and adoption of smart building technology.
It shows increased investor confidence in the sector and indicates the positive response that startups and established players are receiving for their products and services in the smart building market. We anticipate that funding will continue at current levels through 2020.
Source: Memoori Research.
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