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This year we hear a lot of Proptech, Fintech, InsurTech, Medtech, EduTech, etc. However, a lot of people are not sure about what these acronyms mean exactly and why they became buzzwords. Today we will talk about Proptech, but I promise you to cover other “Tech” acronyms in the upcoming posts.
So, what is PropTech? Real Estate Technology or Property Technology is often referred to as RE Tech or PropTech. Basically, it is a use of technology in the real estate industry to make transactions more efficient.

The wave of disruptive solutions using innovative technologies recently entered a significant sector of the world economy: real estate. Through the transformation of this sector in an increasingly digitalized world, a new concept was born, bringing with it billion-dollar opportunities.

CB Insights calculated that between 2011 and 2017, venture capital firms had invested $9 billion in PropTech companies. These new companies, along with the

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