Sapphire Ventures’ Paul Levine named four real estate bull’s-eyes for venture capitalists in a presentation at Inman Connect Las Vegas. They are: iBuyers, “tech-forward” brokerages, new types of financing and transaction automation.

When Paul Levine began working at the listing portal Trulia during the housing slump, venture capitalists didn’t want to “touch real estate with a 10-foot pole,” he said.

How times have changed.

Levine, now a managing director at Sapphire Ventures, expects total funds invested in real estate tech to jump to $10 billion in 2019. That would be up from $4 billion in 2016 and $400 million in 2012, according to a chart he presented Friday onstage at Inman Connect Las Vegas.

So where is this money going exactly?

Levine named four real estate bull’s-eyes for venture capitalists in a presentation entitled “What’s Next in Real Estate.” They are: iBuyers, “tech-forward” brokerages, new types of financing and transaction automation.

Don’t miss out on the latest Inman Connect videos published daily. Discover what’s next and grow your business by watching on replay or joining us at upcoming events for live learning and networking. Session videos, livestream and event discounts for Connect are all exclusive to Inman Select subscribers.

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