New possibilities have emerged thanks to the proliferation of satellite launches — with SpaceX alone conducting a record 98 launches during 2023 — combined with the affordability of drones and advancements in imaging technologies.

This progress opens opportunities for startups and incumbents, helping expand geospatial use cases and capabilities across industries like agriculture, automotive, construction, defense & national security, insurance, manufacturing, mining, oil & gas, and more.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The satellite & geospatial tech market map appeared first on CB Insights Research.

Digital platforms are making more information more accessible to all of the players involved in real estate transactions, from investors to agents.

These tools have the potential to make the business more lucrative, even in the face of a volatile market — while existing home sales in the US were 18% above the historical average in 2021, they are down 20% from the average in 2023 so far, per Mike DelPrete. In addition to helping brokerages, buyers, and agents source the most accurate data, tech companies are also helping them find the right properties, cut overhead costs, and more.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post Residential real estate tech market map appeared first on CB Insights Research.

Three-quarters of this year’s winners are B2B fintechs, including business spend management platforms, cross-border and real-time payment providers, and core banking and infrastructure platforms.

Additionally, 24 companies in this year’s cohort are B2C, including challenger banks, mobile wallets, and retail investing platforms. 

Using the CB Insights platform, our research team picked these 100 private market companies from a pool of over 19K companies, including applicants and nominees. They were chosen based on CB Insights datasets — including equity funding, investor profiles, business relationships, R&D activity, news sentiment analysis, competitive landscape, proprietary Mosaic scores, and Yardstiq transcripts — and criteria such as tech novelty and market potential. The research team also reviewed thousands of Analyst Briefings submitted by applicants.

CB Insights clients can access the entire Fintech 100 list and interactive Expert Collection here.

If you are not already a CB Insights client, sign up for a free trial to analyze each winner’s funding and valuation history, headcount growth, key competitors, and more.

Want to be considered for future rankings? Fill out this initial application form (it’ll take no more than a few minutes). If selected, you’ll be asked to complete our Analyst Briefing Survey so that our analysts can better understand your products, customers, and market traction.

Companies are categorized by their primary focus area and client base. Categories in the market map are not mutually exclusive.

Please click to enlarge.

TOP FINTECH COMPANIES 2023: FINTECH 100 COHORT HIGHLIGHTS

Overall funding and valuation trends: The Fintech 100 includes a mix of companies at different stages of maturity, product development, and funding. The cohort has raised nearly $22B in equity funding across 381 deals since 2019 (as of 9/22/23). This year’s list includes 31 unicorns (private companies with a $1B+ valuation).

Early-stage innovation: Twenty companies in this year’s winning cohort are in early fundraising stages (seed/angel or Series A). Solutions from early innovators are being developed across categories, including B2B BNPL (Mondu and Two), account-to-account (A2A) payments (Banked and kevin.), and mobile wallets and remittances (DANA and LemFi).

Most represented categories: The cohort is broken down into 20 categories. “Spend management” and “insurance” are tied for the largest portion of this year’s winners (9 companies each).

The spend management category is led by later-stage market leaders Brex and Ramp, which both launched generative AI product features this year. The category also includes two new winners in non-US markets: Singapore-based Aspire and Mexico-based Clara.

Insurance is one of the biggest categories for the second straight year. Eight out of the 9 insurtechs are B2B, including two insurance distribution platforms: repeat winner bolttech and new winner Cover Genius. 

Global reach: This year’s winners represent 24 different countries across the globe. Forty-three percent of the selected companies are headquartered in the US — down from 53% last year. The UK comes in second with 12 winners, followed by Singapore with 7.

Additionally, some emerging markets stand out with multiple winners this year. For example, India has 3 winners, while Indonesia and Egypt each have 2.

Novel applications: Two of this year’s winners are developing large language models purpose-built for financial services: conversational AI provider and returning winner Kasisto and financial document processing platform Cognaize.

Two winners in the wealth and asset management category, AlphaSense and SESAMm, have integrated generative AI into their market intelligence platforms for document summarization and extraction. 

Finally, within core banking and infrastructure, embedded finance platforms — like repeat winner Unit and an early-stage new winner Synctera — are growing quickly in the United States.

THE FINTECH 250 CLASS OF 2022: WHERE ARE THEY NOW?

The Fintech 250 2022 cohort has posted some notable accomplishments since October 4, 2022. Collectively, this cohort has seen:

• $10B in equity funding across 64 deals — including Stripe’s $6.5B round in March 2023.
• 14 mega-rounds (deals worth $100M+).
• 2 acquisitions: Uplift was acquired by another Fintech 250 winner, Upgrade, for $100M, and PolicyGenius was acquired by Zinnia.
• 4 new entrants to the unicorn club: eToro, Kin, Liquidity, and Quantexa all hit $1B+ valuations for the first time.

The post Fintech 100: The most promising fintech startups of 2023 appeared first on CB Insights Research.

These technologies are redefining planning, maintenance, and operational cost strategies while encouraging sustainability. For instance, HVAC systems — which account for 40% of a building’s energy usage — are now more manageable and efficient thanks to digital sensor technology.

The industry has also been shaped by the SEC’s mandatory climate disclosure ruling. Publicly traded Real Estate Investment Trusts (REITs) now report on climate-related risks and greenhouse gas emissions, leading many to adopt ESG monitoring platforms to meet the new standards.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post The commercial proptech market map appeared first on CB Insights Research.

Fintech was Sequoia Capital’s top investment category in 2022, representing nearly a quarter of the firm’s deals.

Using CB Insights data, we mapped how Sequoia Capital spread its 2022 fintech investments across categories like capital markets, personal finance, real estate, and more.

CB Insights clients can dig deeper into all 25 deals listed above as well as explore Sequoia Capital’s bets beyond fintech using this CB Insights platform search.

The post Analyzing Sequoia Capital’s investment strategy: How the VC is keeping its faith in fintech appeared first on CB Insights Research.

The continent’s antiquated banking system (serving mainly the affluent) and largely underbanked population have created the perfect breeding ground for fintech growth, speeding up both development and adoption of new technologies.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post 187 companies transforming financial services in Latin America appeared first on CB Insights Research.

Some of this year’s winners are building safer and more efficient ways to send and receive payments. Others are striving to make banking, loans, mobile wallets, and investing products available to historically underserved populations all over the world. 

Using the CB Insights platform, our research team selected these 250 winners from a pool of over 12,500 eligible private companies, including applicants and nominees. They were chosen based on factors including proprietary Mosaic scores, funding, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed over 2,000 Analyst Briefings submitted by applicants. 

Clients can access the entire Fintech 250 list and interactive Expert Collection here. (If you don’t have a CB Insights login, create one here.)

Companies are categorized by their primary focus area and client base. Categories in the market map are not mutually exclusive. Please click to enlarge.

Want to be considered for future rankings? Fill out this initial application form (it’ll take no more than a few minutes). If selected, you’ll be asked to complete our Analyst Briefing Survey so that our analysts can better understand your products, customers, and market traction.

FINTECH 250 COHORT HIGHLIGHTS

Below are a few highlights from the Fintech 250 Class of 2022.

New vs. repeat winners: Nearly two-thirds (64%) of this year’s cohort are repeat winners: 144 were on last year’s list and 16 have made their way back onto the list after winning in a prior year. That leaves only 90 new winners (36% of the list), the fewest ever since we started the Fintech 250. 

Why is the new winner cohort so small? In the past, many winners would exit via IPO or M&A and lose eligibility for the list. Today, fintech leaders are staying private longer, especially amid this year’s market turmoil. This has allowed them to retain their eligibility through multiple list rounds. Additionally, factors such as rising inflation, interest rate hikes, and struggling public tech stocks have made it more difficult for new entrants to make a splash in the already maturing fintech market. 

Some of the biggest names in the industry, like Stripe and Klarna, have certainly faced their fair share of obstacles, including layoffs and valuation cuts. But when analyzing the data — including revenue, number of customers and customer growth, partnerships, and equity funding — most of these better-established fintech leaders remain on top.

Global reach: Globalization is a key theme for this year’s Fintech 250. The winners represent 33 different countries (by headquarters location) across the globe — 7 more than last year. Just over half (53%) of the selected companies are headquartered in the US, which is the fewest we’ve seen in the Fintech 250 since 2017. The UK came in second with 31 winners (12%), followed by India with 14 (6%), Brazil with 9 (4%), and Germany with 7 (3%).

Stemming from the broader theme of globalization comes localization — the practice of serving local markets and regions. This is a strong focus for winners in emerging markets like India, South America (11 winners, 4%), and Africa (6 winners, 2%).

For example, 3 of this year’s first-time winners are building payment networks in Africa: MFS Africa, TeamApt, and Paga.

B2B vs. B2C: About two-thirds (64%) of this year’s Fintech 250 are B2B, and 36% are B2C. The B2B-B2C split represents a broader shift in market sentiment away from consumer-facing fintechs. This has been driven in part by reports released this year citing the lack of neobank profitability as well as the visible struggle of public B2C fintech stocks like Robinhood, Coinbase, Affirm, and NuBank.

The largest B2B fintech winners by valuation are Stripe ($74B internal valuation), Checkout.com ($40B), Plaid ($13.5B), and Brex ($12.3B).

Most-represented categories: The fintech categories comprising the most winners are payments processing & networks with 33 (13%), insurance with 25 (10%), cryptocurrency with 24 (10%), core banking & infrastructure with 19 (8%), and retail investing & wealth management with 17 (7%).

This marks payments processing & networks’ second straight year as the top category by number of winners. This category includes B2B providers of e-commerce and point-of-sale (POS) payments processing, APIs, payouts, cross-border payments, and more. It also tied with cryptocurrency for the most new winners at 11. Notable new Fintech 250 champions in the payments processing & networks space include card reader and POS system provider SumUp, gaming payments platform Coda Payments, and Brazil-based CloudWalk (the developer of POS solution InfinitePay).  

All but one of this year’s insurance winners were also featured in our inaugural Insurtech 50, published in June 2022. The category includes companies selling insurance products and services directly to customers (i.e., individuals or businesses buying an insurance policy), like Digit Insurance in India and SMB-focused Next Insurance. It also includes companies like Cambridge Mobile Telematics and Shift, which sell technology to reinsurers and insurance brokers.

Despite the crypto market downturn this year, startups in the space still account for a significant share of this year’s Fintech 250 list. Data on funding, top investor support, revenue, and business relationships still point to the long-term momentum of these companies. Notable players include crypto exchange Binance as well as Web3 infrastructure providers ConsenSys and Fireblocks.

Overall funding & valuation trends: The Fintech 250 cohort has raised over $115B in equity funding across over 1,100 deals since the start of 2017 (as of 9/20/2022). In 2021 alone, winners raised over $51B across 337 equity deals. That’s an average of more than one funding round per company in a single year.

The top 3 winners by total equity funding raised since 2017 are Ant Group (who’s had to delay an IPO due to Chinese government regulations), Klarna, and Chime.

This year’s list includes 159 unicorns with a $1B+ valuation — almost two-thirds (64%) of the total list. While that stat definitely jumps off the page, it’s a little less shocking when you consider that there were a total of 297 fintech unicorns in the world at the end of Q2’22.

Top investors: Tiger Global is the top investor in this year’s Fintech 250 by a significant margin, having backed equity deals to 45 of the winners, including Stripe, Checkout.com, and Revolut, since 2017. Accel is second with 29 companies in its portfolio, followed by Ribbit Capital with 27.

Innovation at the earlier stages: Thirty-two (13%) of our winners are seed, Series A, or Series B startups.

To highlight a few, MoonPay provides fiat-to-crypto on- and off-ramps for crypto and NFT businesses, enabling them to accept traditional payment methods. International insurtech bolttech is building a global insurance exchange that connects insurers, distribution partners, and customers, to change the way insurance is bought and sold. Finally, StockGro is an India-based social investing app that allows users to invest virtual money to learn about stocks, play games, and win rewards.

THE FINTECH 250 CLASS OF 2021: WHERE ARE THEY NOW?

Since the start of October 2021, the 2021 Fintech 250 winners have posted a number of accomplishments, including:

• Nearly $20B in equity funding raised across 150+ deals (as of 09/20/2022)
• 68 mega-rounds (deals worth $100M+), including a $1B Series D to payments platform Checkout.com
• 5 exits, including 3 acquisitions and 2 IPOs (AvidXchange and Nubank)
• 20 new entrants to the $1B+ unicorn club, including Alchemy, Cross River Bank, and Qonto

If you want to learn more about the Fintech 250 Class of 2021, check out the full list of previous winners.

The post The Fintech 250: The most promising fintech companies of 2022 appeared first on CB Insights Research.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post 11 technologies maximizing commercial building efficiency — and the ones that building managers should prioritize now appeared first on CB Insights Research.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post Latin American proptech company Habi hits $1B valuation. Habi competitors are EmCasa, Flat.mx, La Haus, QuintoAndar and TrueHome. appeared first on CB Insights Research.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post Digital commercial real estate platform Lev raises $170M in debt and equity from investors including Citi, Capital One, and NFX. Lev competitors are CommLoan, CrowdStreet, Fundrise, Realty Mogul, and StackSource. appeared first on CB Insights Research.

We already have virtual worlds featuring live concerts and online games where players spend hundreds of hours — but metaverse enthusiasts see a future where entire societies thrive in an online realm inhabited by avatars of real people.

While the space is still in early days, the longer-term implications may not be trivial. Some users — especially younger ones — may eventually earn, spend, and invest most of their money in digital worlds. The metaverse could represent a $1T market by the end of the decade, according to CB Insights’ Industry Analyst Consensus.

The metaverse is a vision, not a specific technology. For enterprises, this ambiguity can make it challenging to figure out how to tap into the emerging trends the metaverse represents.

In this report, we provide a framework to navigate this evolving topic by breaking down the metaverse into distinct technological layers and highlighting the key vendors set on making the metaverse a reality.

Download the report to explore each layer in detail:

• Infrastructure (network & computing)
• Access/interface (hardware)
• Virtualization tools
• Virtual worlds
• Economic infrastructure
• Experiences

The post The metaverse could be tech’s next trillion-dollar opportunity: These are the companies making it a reality appeared first on CB Insights Research.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post BeamUp, a software developer creating digital twins for building management, raises $15M. BeamUp competitors include Avvir, Buildots, INDUS.AI, OnSiteIQ, OpenSpace, SiteAware, and Swapp. appeared first on CB Insights Research.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post Deepki, an ESG data intelligence service for real estate developers, raises $167M. Deepki competitors include GRESB, Measurabl, and RepRisk. appeared first on CB Insights Research.

HOW’S THE COMPANY PERFORMING?

• California-based Roofstock enables retail and institutional investors to purchase and sell rental homes.
• The platform has processed more than $5B in transaction volume.
• It has a portfolio of 15K+ homes and 100K+ investors.
• Roofstock is available in 70+ markets and backed by a team of 200+ people.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post Real estate investing platform Roofstock reaches $1.9B valuation. Roofstock competitors include Fundrise, Doorvest, HomeUnion, AlphaFlow, Mynd, and Unison. appeared first on CB Insights Research.

How’s the company performing?

• Georgia-based OfficeSpace’s cloud-based platform offers space management solutions and workflow tools to empower human resources and facilities management teams.
• The company currently has more than 800 clients worldwide that include Shopify, Dropbox, Live Nation, Harry’s, and Mailchimp.
• OfficeSpace is currently supported by a team of over 100 employees.
• The company has offices in the US, Canada, and Costa Rica.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post OfficeSpace Raises $150M From Vista Equity. OfficeSpace’s Competitors In The Office Management Software Market Include Envoy, OfficeRnD, Condeco, Robin, And SpaceIQ. appeared first on CB Insights Research.

How’s the company performing?

• Arkansas-based AcreTrader enables investors to purchase shares of available farmland.
• The company has grown by more than 5x in the last year.
• Since its debut in 2019, the company has distributed more than $100M to over 60 farms across 12 US states.
• AcreTrader has 70 employees at present.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post Acretrader Raises $40M For Its Farmland As An Alternative Investment Platform — Its Competitors Include FarmlandFinder, Fundraise, Farm Together, And FarmFundr appeared first on CB Insights Research.

Amid the massive migration out of major cities, fueled by record-low interest rates, mortgage and refinance applications have jumped. This, in combination with this year’s economic recovery, has caused investors to turn to and place their bets on tech companies focused on digitizing all aspects of the industry.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post 55+ Startups Transforming The Global Mortgage Industry appeared first on CB Insights Research.

How’s the company performing?

• New York-based Better provides mortgage, real estate, title insurance, and homeowners insurance services without charging commissions or lender fees.
• In May, the company announced that it would be going public via a SPAC — the deal has yet to close.
• The company recently laid off 9% (900) of its 10K employees in a single day.
• Better provides services without charging commissions or lender fees.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post Digital Mortgage Provider Better Raises $750M, Implying A Trailing Price/Revenue Valuation Multiple Of 8.63x appeared first on CB Insights Research.

HOW’S THE COMPANY PERFORMING?

• New York-based CompStak is a proptech firm that provides CRE data to brokerages, hedge funds, appraisers, asset managers, sovereign wealth funds, and economists.
• CompStak’s major products include crowdsourced lease and sales comps as well as analytics dashboards.
• The company has over 30K clients, including Morgan Stanley, Google, PwC, Wells Fargo, SL Green, Comcast, Starwood Capital, and CPPIB.
• CompStak’s platform reportedly covers 1.5M properties and 35B square feet of leased space.
• It is supported by a team of over 100 employees.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post CompStak, A Proptech Firm That Crowdsources Commercial Real Estate Data, Raises $50M In Morgan Stanley-Led Round appeared first on CB Insights Research.

WHO ARE THE PARTIES TO THE DEAL?

• Building Engines: Boston-based Building Engines’ platform, Prism, brings together the technology and applications required for building management in one place. It provides a variety of services, including work order management, preventive maintenance, HVAC management, insurance, communication, and inspection. Building Engines caters to 1,000 clients and has more than 35,000 properties under management that collectively comprise 3B square feet of real estate.
• Jones Lang LaSalle: Chicago-based JLL specializes in real estate and investment management. The company posted revenue of $16.6B and adjusted EBITDA of $860M in 2020, and it also reported having $68.9B of assets under management (AUM) and a global managed portfolio of 5.4B square feet. JLL maintains operations in over 80 countries and a workforce comprising over 92,000 employees.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post Building Operations Platform Company Building Engines Is Acquired For $300M By JLL appeared first on CB Insights Research.

HOW’S THE COMPANY PERFORMING?

• Mexico-based Flat facilitates the buying and selling of real estate across the country.
• The company’s services also include home valuations, property remodeling, property inspection, and legal reviews.
• Flat’s sales have increased by 70% quarter-over-quarter, and its real estate inventory has increased by 10x over the past year.
• The company currently has around 85 employees, up from 35 in mid-2020.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post Mexican Proptech & Real Estate iBuyer Flat Raised $20M To Boost LatAm Presence appeared first on CB Insights Research.

How’s the company performing?

• UK-based Plentific assists property managers and landlords with launching and managing contractor supply chains for repair and maintenance services.
• The company’s platform manages over 350,000 properties across the US, the UK, and Germany.
• Plentific’s clients include Barnsbury, Housing Plus Group, Hausio, Knight Frank, and Peabody, among others.
• The company has more than 16,000 contractors on its platform and the number of properties under management has grown 17x in the last 3 years.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post This Property Management Platform Raised $100M In A Series C Round Led By Highland Europe And Brookfield Technology Partners appeared first on CB Insights Research.

How’s the company performing?

• California-based Bungalow provides communal rental options and streamlines rent and utilities payments as well as service requests.
• There are over 3,000 residents living across Bungalow’s 700 properties. The company operates across 16 cities and towns in the US.
• The traffic to the company site increased by 108% in Q2’21 from Q2’20.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post This Deer Park Road-Backed Residential Real Estate Marketplace Raised $75M In Series C Funding appeared first on CB Insights Research.

HOW’S THE COMPANY PERFORMING?

• Singapore-based JustCo provides co-working space, private office space, meeting rooms, and event space rentals.
• The company offers a 5-day free trial to potential clients so that they can experience the workspace and its facilities prior to finalizing a booking.
• JustCo has operations in Singapore, Japan, Australia, China, Indonesia, South Korea, Taiwan, and Thailand.
• The company’s clients include Aston Martin, Volvo, Xiaomi Southeast Asia, Ubisoft Singapore, and more.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post This Daito Trust Construction-Backed Asia-Based WeWork Competitor Raised $74M To Expand Its Operations appeared first on CB Insights Research.

How’s the company performing?

• Brazil-based QuintoAndar helps connect tenants to landlords and home-buyers to sellers.
• The company has over $9.26B in assets under management and facilitates 200,000 scheduled apartment/home visits every month.
• QuintoAndar has more than 2,000 employees.

Want to see more research? Join a demo of the CB Insights platform.

If you’re already a customer, log in here.

The post This Tencent Holdings-Backed Brazilian Real Estate Marketplace Raised $120M To Expand Into Mexico appeared first on CB Insights Research.