It’s a tough market for venture capital investment at the moment. With inflation pressure and chances of a recession in the offing, some name firms in start-up spaces—like Sequoia Capital and Y Combinator—have been warning companies not to count on raising more capital, as CNBC reported.

The greater context makes the latest VC funding report from the Center for Real Estate Technology & Innovation (CRETI) more remarkable than on its face. There was a big jump of investment that went to real estate-focused tech: 26% of global funding, according to the CRETI analysis.

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