Smart buildings

StartUps and their Impact on Smart Buildings 2021

A Comprehensive Biennial Evaluation of Startup Companies in the PropTech Space

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Published Date

Q1 2021

Report Contents

279 Pages, 64 Charts

This Report is a New 2021 Definitive Resource for Evaluating Startup Companies in the Smart Building & PropTech Space.

Memoori has identified 665 private companies founded between 2011 and 2020 in the smart buildings sector. This number has increased 38% since the 2nd edition of this report published two years ago. There was no slowdown in the number of Startups receiving investment last year despite the COVID-19 global pandemic and ensuing recession.

Our definition of a Startup is ‘a private company formed no earlier than 2011 that is focused on the commercial and industrial buildings market, is not a subsidiary or an acquisition of a larger company and is often financed by venture capital or private equity funding.’

The report INCLUDES at no extra cost, a spreadsheet which lists all Startup acquisitions and investments in 2019 & 2020 AND a graphics pack with high resolution charts from the report.


What Will This Report Tell You?

  • Our analysis of venture capital and private equity funding has recorded the highest level of investment in startups over the last four years. Total capital invested in the global smart building space since 2012 amounts to $18.8 billion.
  • 136 startups have been acquired in the last three years, which is the highest level of consolidation activity in the last nine years accounting for 72% of the total number of acquisitions over this period. Strategic buyers across the smart buildings landscape have continued their acquisitions strategy undeterred.
  • In the crowded marketplace of smart building Startups, new entrants will need to differentiate themselves, either through their business model, partnerships or innovative technologies, in order to succeed. The report analyzes the future for startups, recent and forthcoming IPOs and SPACs, disappearing and inactive startups as well as a summary of closed startups.

The information and analysis in this report is based on research and interviews with emerging players in the Smart Building Space. It benefits from Memoori’s previous reports over the last 2 years on subjects such as the Building Internet of Things (BIoT), M&A and Investments in Smart Buildings, Security and Occupancy Analytics.

It demonstrates the critical contribution that Startups are making to the introduction of innovation in the Smart Buildings & PropTech space.

Within its 279 Pages and 64 Charts and Tables, The Report Sieves out all the Key Facts and Draws Conclusions, so you can Understand how StartUp Companies are Shaping the Future of PropTech

The report identifies recent partnerships with established players including building systems vendors, IoT and IT vendors, lighting suppliers, facilities management service firms and security systems vendors. There is also a detailed assessment of the ecosystems of eight incumbent players in commercial real estate.

Starting at only USD $2,250 for a Single User License; this report provides valuable information into how StartUp companies are developing their businesses through Acquisitions, Partnerships and Alliances.

Who Should Buy This Report?

The information contained in this report will be of value to all those engaged in managing, operating and investing in smart building companies around the world. In particular, those wishing to invest in or acquire StartUp companies will find it particularly useful.

Table of Contents

  • Preface
  • Executive Summary
    1. 1. Introduction, Scope and Definitions
      • 1.1 Introduction
      • 1.2 Scope and Definitions
      • 1.3 Focus and Categorization of Startups
    2. 2. Overview of New Entrants
      • 2.1 Distribution of Startups by Category and Segment
      • 2.2 Distribution of Startup Companies by Region
    3. 3. Startups in Smart Buildings
      • 3.1 The Building Internet of Things (BIoT)
        • 3.1.1 BIoT Platforms and Systems Integration
        • 3.1.2 Enablement Hardware
        • 3.1.3 Networking and Connectivity
        • 3.1.4 Cyber Security
        • 3.1.5 Smart Lighting
        • 3.1.6 BIM and Digitization of Buildings
      • 3.2 Building Energy Management (BEM)
        • 3.2.1 Building Energy Management Software
        • 3.2.2 Building Energy Management Hardware
        • 3.2.3 Energy Services
      • 3.3 Proptech
        • 3.3.1 Workplace Management and Space Utilization
        • 3.3.2 Indoor Mapping and Location Services
        • 3.3.3 Asset and Maintenance Management
        • 3.3.4 Occupant Engagement Platforms
        • 3.3.5 People Counting and Tracking
        • 3.3.6 Indoor Environment and Air Quality (IAQ)
        • 3.3.7 Smart Water Management
        • 3.3.8 Platforms for Specialized Vertical Markets
        • 3.3.9 Drones & Robotics
        • 3.3.10 On Demand Services for Facilities Management
      • 3.4 Building to Grid (B2G)
        • 3.4.1 Demand Response and Virtual Power Plants
        • 3.4.2 Distributed Energy Resource Management and Microgrids
        • 3.4.3 Distributed Energy Storage
      • 3.5 Physical Security & Safety
        • 3.5.1 Access Control, Visitor Management and PIAM
        • 3.5.2 Electronic Locking and Smart Intercom Systems
        • 3.5.3 Video Surveillance, VMS and Video Analytics
        • 3.5.4 Biometrics and Facial Recognition
        • 3.5.5 Mass Notification and Critical Incident Management
        • 3.5.6 Perimeter Protection and Weapons Detection
      • 3.6 Building Fabric
        • 3.6.1 Solar Photovoltaics and Smart Roofing
        • 3.6.2 Smart Glass and Windows
    4. 4. The Global BIoT Market Size and Growth Forecast
      • 4.1 COVID-19 Scenarios
      • 4.2 Market Revenue Projections
    5. 5. Trends Reshaping the Smart Buildings Marketplace
      • 5.1 Impact of COVID-19
      • 5.2 New Business Models
        • 5.2.1 Smart Buildings As-a-Service
        • 5.2.2 Facilities On-Demand
      • 5.3 Trends in Vertical Markets
        • 5.3.1 Education
        • 5.3.2 Healthcare
        • 5.3.3 Hospitality
        • 5.3.4 Data Centers
    6. 6. Venture Capital and Private Equity Funding
      • 6.1 Analysis of Funding and Investments
      • 6.2 Top Startups by Total Disclosed Funding
        • 6.2.1 Chinese Investment in AI Startups
      • 6.3 Corporate Venture Capital in the Smart Buildings Space
        • 6.3.1 Allegion
        • 6.3.2 Engie
        • 6.3.3 Honeywell
        • 6.3.4 Johnson Controls
        • 6.3.5 Jones Lang LaSalle (JLL)
        • 6.3.6 Schneider Electric
        • 6.3.7 Siemens
        • 6.3.8 Stanley Security
      • 6.4 Private Equity Investments
      • 6.5 Accelerators and Incubators
    7. 7. Mergers and Acquisitions (M&A) of Emerging Players
      • 7.1 BIoT Acquisitions
      • 7.2 Building Energy Management Acquisitions
      • 7.3 Proptech Acquisitions
      • 7.4 Building to Grid Acquisitions
      • 7.5 Physical Security Acquisitions
    8. 8. Partnerships and Ecosystems
      • 8.1 Startup Partnerships with Established Players
        • 8.1.1 Building Systems Vendors
        • 8.1.2 IoT / IT Vendors
        • 8.1.3 Lighting Suppliers
        • 8.1.4 Facilities Management Service Providers
        • 8.1.5 Security Systems Vendors
      • 8.2 Ecosystems of Major Players in Commercial Real Estate
        • 8.2.1 Johnson Controls
        • 8.2.2 Siemens
        • 8.2.3 Honeywell
        • 8.2.4 Schneider Electric
        • 8.2.5 Planon
        • 8.2.6 Skanska
        • 8.2.7 Colliers
        • 8.2.8 Kone
    9. 9. Gaining Traction and Scaling Up
    10. 10. IPOs and SPACs
      • 10.1 Recent and Forthcoming IPOs
      • 10.2 Disappearing and Inactive Startups
      • 10.3 Closed Startups

Appendix

  • A1 – Memoori Listing of Smart Building Startups
  • A2 – Smart Building Startup Acquisitions in 2019 & 2020
  • A3 – Smart Building Startup Investments in 2019 & 2020

List of Charts and Figures

  • Fig 2.1 665 Smart Building Startups Founded Between 2011 – 2020
  • Fig 2.2 The Global Smart Building Startups Landscape
  • Fig 2.3 Categories & Business Segmentation of Smart Building Startups
  • Fig 2.4 Number of Smart Building Startups By Segment
  • Fig 2.5 Geographic Distribution of Startups
  • Fig 3.1 New Entrants offering BIoT Platforms and Systems Integration
  • Fig 3.2 New Entrants in Enablement Hardware, Networking and Connectivity
  • Fig 3.3 New Entrants in Cyber Security and Smart Lighting
  • Fig 3.4 New Entrants in BIM and Digitization of Buildings
  • Fig 3.5 New Entrants in Energy Management Software
  • Fig 3.6 New Entrants in Energy Management Hardware and Energy Efficiency Services
  • Fig 3.7 New Entrants in Workplace Management and Space Utilization
  • Fig 3.8 New Entrants in Indoor Mapping and Location Services
  • Fig 3.9 New Entrants in Asset and Maintenance Management
  • Fig 3.10 New Entrants Offering Occupant Engagement Platforms
  • Fig 3.11 New Entrants Offering People Counting and Tracking Solutions
  • Fig 3.12 New Entrants in Indoor Environmental Quality and Smart Water Management
  • Fig 3.13 New Entrants in Platforms for Specialized Vertical Markets
  • Fig 3.14 New Entrants in Drones & Robotics for Facilities Management
  • Fig 3.15 New Entrants in On Demand Services for Facilities Management
  • Fig 3.16 New Entrants in Building to Grid Applications
  • Fig 3.17 New Entrants in Access Control, Visitor Management, PIAM, Electronic Locking and Smart intercom Systems
  • Fig 3.18 New Entrants in Video Surveillance, VMS and Video Analytics
  • Fig 3.19 New Entrants in Biometrics and Face Recognition
  • Fig 3.20 New Entrants in Mass Notification Systems, Critical Incident Management, Weapons Detection and Perimeter Protection
  • Fig 3.21 New Entrants in Building Fabric Applications
  • Fig 4.1 The Global Market for the Internet of Things in Smart Commercial Buildings ($Bn 2019 – 2025)
  • Fig 6.1 VC & PE Funding Activity for Smart Buildings Startups 2012 – 2020
  • Fig 6.2 Top 20 Startups by Total Disclosed Funding ($m)
  • Fig 7.1 Startup Acquisitions in the Smart Building Space 2012 – 2020
  • Fig 8.1 Major Smart Building Ecosystems and their Partnerships with Startups

List of Tables

  • Table 1.1 Definition of a Startup
  • Table 1.2 Categories and Business Segmentation of Smart Building Startups
  • Table 2.1 Top 5 Countries with the Highest Number of Smart Building Startups
  • Table 2.2 Number of Startups in the Americas
  • Table 2.3 Number of Startups in the Middle East and Africa
  • Table 2.4 Number of Startups in Europe
  • Table 2.5 Number of Startups in Asia and Australasia
  • Table 3.1 New Entrants in the Healthcare Sector
  • Table 3.2 New Entrants in the Hospitality Sector
  • Table 3.3 New Entrants in the Retail Sector
  • Table 3.4 New Entrants in the Education Sector
  • Table 5.1 Attractive Technologies in the Pandemic Era
  • Table 6.1 Startup Founding Dates 2012 to 2020
  • Table 6.2 Highest Funded Startups in 2019 and 2020
  • Table 6.3 Allegion Investments in the Smart Buildings Space 2019 – 2020
  • Table 6.4 Engie Investments in the Smart Buildings Space 2019 – 2020
  • Table 6.5 Honeywell Investments in the Smart Buildings Space 2019 – 2020
  • Table 6.6 JCI Investments in the Smart Buildings Space 2019 – 2020
  • Table 6.7 JLL Investments in the Smart Buildings Space 2019 – 2020
  • Table 6.8 Schneider Electric Investments in the Smart Buildings Space 2019 – 2020
  • Table 6.9 Siemens next47 Investments in the Smart Buildings Space 2019 – 2020
  • Table 6.10 Stanley Ventures Investments in the Smart Buildings Space 2019 – 2020
  • Table 6.11 Accelerators Supporting Innovation in Real Estate and Building Technologies
  • Table 7.1 Startup Founding Dates 2012 – 2020
  • Table 10.1 Recent and Forthcoming IPOs of Smart Building Startups 2019 – 2020
  • Table 10.2 Examples of Startup Inactivity or Closure 2018 – 2020

Companies Mentioned INCLUDE (BUT NOT LIMITED TO);

75F | 9am | AirRated | Alcatraz AI | Allegion | Animated Insights | Apana | Aquicore | Arloid Automation | Armored Things | Atom Power | Aura Air | Aurora Solar | Autogrid | Axiom Cloud | Axonize | Azur Drones | Basking Automation | BeeBryte | BehrTech | Betterspace | bGrid | Bitkey | Blackpoint Cyber | Blueprint Power | Brainbox AI | Bright Beacon | Bueno Systems | BuildingMinds | Builtspace Technologies | ButterflyMX | Calumino | Cleantech Solar | Clevernet | CloudBeds | CloudWalk Technology | Cognian Technologies | Cohesion | Colliers | CREAMS | CriticalArc | Datakwip | Demand Logic | Density | Digital Medical Tech | District Technologies | Doordeck | EAGL Technology | Eagle Eye Networks | Eden | EIR Healthcare | EnerBrain | Engie | Envoy | Envoy Technologies | Equiem | Equota Energy | Evolution Networks | Evolv Technology | Facilio | Gooee | GreenWaves Technologies | GridX | Haltian | Hatch Data | Honeywell | HqO | Idun Real Estate Solutions | Igloocompany | Igor | Infogrid | InnerSpace Technology | Inovues | Invicara | ioTium | JLL | Johnson Controls | Juganu | Kaiterra | Ketos | Kode Labs | Kognition | Kone | Lane | Lauretta | Limehome | Locarise | Locatee | Lone Rooftop | Maidbot | MazeMap | Measurabl | Megvii | Metrikus | MiniBEMS | Naava | Navenio | Navisens | Nozomi Networks | Nuuka Solutions | Octo | Office App | Openpath Security | OpenSensors | Operance, fka BIMSense | Origami Energy | Oriient | Panga | PassiveLogic | Peak Power | Physee | Planon | Plentific | PointGuard, fka Abundant Power | Pointr | Power Ledger | Prescriptive Data | Proxy | pureLiFi | Quuppa | R&B Technology | RapidSOS | Redaptive | Rhombus Systems | Saule Technologies | Savioke | Scale Microgrid Solutions | Schneider Electric | Screening Eagle Technologies | SecuriThings | Seeder | Senseagent | SensorFlow | Sensoro | Sharry | Shayp | Shepherd Network | Siemens | Simplifa | Situm | Skanska | Small Box Energy | Smarten Spaces | Solar Adventure | Spaceflow | SpaceOS | Spaceti | SparkFund | SPICA Technologies | Stanley Security | Station A | Steerpath | Swiftlane | SwitchDin | Terminus Technologies | Thing-it | Thinxtra | Turntide Technologies fka Software Motor Company | Ubiqisense | uHoo | Vayyar Imaging | Verdigris Technologies | VergeSense | Verkada | vilisto | Violet Defense | Volan Technology | Vtrus | Waylay | WeGoT Utility Solutions | Willow | WiredScore | Workplace Fabric | XY Sense | Yotta Energy | Zen Ecosystems

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