Venture capital has been pouring into proptech startups this year as technology to track carbon emissions and decarbonize buildings scales up in advance of new SEC rules for ESG disclosures.
A record-high $4B in VC funding was pumped into proptech during Q1 2022, according to a report from investment bank Keefe, Bruyette & Woods. The record surge in proptech investment is being fueled by investment funds that increasingly are putting their money behind ESG-oriented startups.
On March 17, the SEC announced a proposed rule that will require SEC-registered companies to include climate-related disclosures in their registration statements and periodic reports to investors, including information about climate-related risks that are reasonably likely to have a material impact on their businesses.
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