Biggest PropTech Exits of 2024

Biggest PropTech Exits of 2024

In 2024, the PropTech sector witnessed several significant exits, reflecting the industry's dynamic growth and consolidation. Notable transactions include:

ServiceTitan's IPO

In December 2024, ServiceTitan, a leading software platform for tradespeople, went public with a market capitalization of $9 billion. This marked Fifth Wall's seventh portfolio company to achieve an IPO, underscoring the firm's impactful investments in PropTech.

PropertyGuru's Acquisition

In August 2024, Swedish private equity firm EQT acquired Southeast Asia's PropertyGuru Group in a deal valued at approximately $1.1 billion. REA Group, holding a 17.2% stake in PropertyGuru, divested its shares as part of this transaction, marking a strategic exit from the Southeast Asian market.

Industrious Acquired by CBRE

In January 2025, CBRE, a long-time investor in Fifth Wall, acquired Industrious, a flexible workspace provider and one of Fifth Wall's early portfolio companies. This acquisition highlights the ongoing consolidation in the flexible workspace segment of the PropTech industry.

These exits underscore the maturation of the PropTech sector, with substantial investments and strategic acquisitions reshaping the landscape.