The once-booming proptech sector needs a lifeline to keep it going. Proptech startups spent the previous several years raising billions of dollars from investors hungry to get in on the ground floor of the next sector-disrupting idea. But as 2023 draws to a close, it has become clear that investors are now far more cautious about proptech than they were in years past, as many of the big-ticket startups were unable to meet their lofty goals for growth. With the flood of funding drying up, startups are finding themselves in dire straits. 
Running out of money and options for survival, some proptech firms have been forced to either go out of business or lay off large portions of their staff and recapitalize debt to extend their runways as long as possible. This year, the proptech sector raised $11.4B in venture… Read the full story here. | 
