This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. Corporate venture capital continues to play an important role in funding innovations in the smart building space. The major incumbents providing building technologies and real estate services in commercial and industrial facilities are facing competitive pressure from a wave of smart building startups, in the continuing race towards IoT and data-driven buildings. Many of the major players have increased their investments in innovation through venture funding, according to our latest Startups Report. The importance of corporate investors in the development of technologies and applications for smart buildings is evident over the years we have been tracking venture capital funding in this sector. They have filled the gap caused by venture capital firms withdrawing from clean technology investments. In Q1 2021, Memoori recorded a high level of corporate participation in investments in around 38% (23) of the 60 deals in the smart buildings space. […]