This Report is a New 2024 Definitive Resource for Evaluating Startups in the Smart Building & PropTech Space.

Around 1,221 startups are active in the management and operations phase of the global smart commercial buildings space. This is just a 3% decrease compared with our analysis last year. In total 419 startups have been acquired since 2013, 35% of the total landscape. 67 are closed or inactive startups, 6% of the total.

Our definition of a Startup is “a private company formed for no more than 10 years, 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, 2 spreadsheets that list all Startup acquisitions and investments in 2023 & 2024 (to date) AND a presentation file with high-resolution charts from the report. This report is also included in our 2024 Premium Subscription Service.

What does this Startups Report tell You?

Memoori has identified 284 funding rounds for startup companies, amounting to around $5.5 billion across the smart buildings sector in the 16 months since January 2023.
2023 marked a turning point, with 44% less investment and 33% fewer funding rounds than 2022.
Memoori also identified a lower level of M&A activity in 2023 with 48 disclosed acquisitions, a decrease of 38% on 2022.

The information in this report is based on a rigorous analysis of the smart building market and builds on our previous research into artificial intelligence, occupancy analytics, workplace experience apps, the Internet of Things, video surveillance, and access control.

It demonstrates that technology investment remains a key driver for the digital transformation of commercial real estate, as innovation continues to enable smarter buildings, aligned with global sustainability goals and the increasing demand for flexible user-centric property solutions.

Within its 215 Pages and 46 Presentation Slides, 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 14 incumbent players ABB, Alarm.com, Allegion, Belimo, Carrier, CBRE, Cushman & Wakefield, Honeywell, JLL, Johnson Controls, Panasonic, Scheider Electric, Siemens, Trane Technologies.

For only USD $3,000 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 startups will find it particularly useful. Want to know more? Download the Brochure.

Preface
Research Scope and Methodology
Executive Summary
1. The Global Smart Buildings Landscape of Startups
2. Venture Capital and Private Equity Funding
- 2.1 Development of VC & PE Funding for Startups 2015 – 2023
- 2.2 Top 20 Startups by Total Disclosed Funding
- 2.3 Which Sectors and Startups Have Attracted Investors?
  - 2.3.1 IoT Platforms for Commercial Buildings
  - 2.3.2 Smart Connected Lighting
  - 2.3.3 BIM, Digital Twin & Digitization Solutions for Buildings
  - 2.3.4 Networking and Connectivity
  - 2.3.5 Cybersecurity Solutions
  - 2.3.6 Building Energy Management Software
  - 2.3.7 Sustainability and Carbon Management
  - 2.3.8 Energy Efficiency Services
  - 2.3.9 Distributed Energy Resource Management
  - 2.3.10 Distributed Energy Storage
  - 2.3.11 Building Energy Management Hardware
  - 2.3.12 Occupancy Analytics and Workplace Management
  - 2.3.13 Asset & Maintenance Management
  - 2.3.14 Drones and Robotics
  - 2.3.15 Technology Solutions for Vertical Markets
  - 2.3.16 Indoor Air Quality
  - 2.3.17 Water Management
  - 2.3.18 Indoor Mapping and Location Services
  - 2.3.19 Access Control and Identity Management
  - 2.3.20 Video Surveillance, Computer Vision and Video Analytics
  - 2.3.21 Mass Notification and Critical Incident Management
3. Mergers and Acquisitions of Emerging Players
- 3.1 Startup Acquisitions in the Smart Buildings Space
- 3.2 Which Startups Have Been Acquired in 2023?
  - 3.2.1 Building IoT Platforms
  - 3.2.2 Building Energy Management Software and Services
  - 3.2.3 Solar Energy Management, Storage and EV Charging in Buildings
  - 3.2.4 Workplace Management and Workplace Experience
  - 3.2.5 Resource Scheduling and Visitor Management
  - 3.2.6 Video Analytics and Physical Security Information Management (PSIM)
  - 3.2.7 Access Control and Identity Management
4. SPACs and IPOs of Emerging Players
- 4.1 Special Purpose Acquisition Companies (SPAC) Transactions with Startups
  - 4.1.1 CXAI
  - 4.1.2 learnd
  - 4.1.3 Veea
  - 4.1.4 Quanergy
  - 4.1.5 Electriq Power
  - 4.1.6 Conclusions
- 4.2 Initial Public Offerings (IPOs)
  - 4.2.1 CloudMinds
  - 4.2.2 Simpple
  - 4.2.3 Thinxtra
5. Corporate VC, M&A and Partnerships with Established Players
- 5.1 Building Automation Firms
  - 5.1.1 ABB
  - 5.1.2 Belimo
  - 5.1.3 Honeywell
  - 5.1.4 Johnson Controls
  - 5.1.5 Schneider Electric
  - 5.1.6 Siemens
- 5.2 Real Estate Service Firms
  - 5.2.1 CBRE
  - 5.2.2 Cushman & Wakefield
  - 5.2.3 JLL
- 5.3 HVAC Equipment Companies
  - 5.3.1 Carrier
  - 5.3.2 Trane Technologies
  - 5.3.3 Panasonic
- 5.4 Physical Security Companies
  - 5.4.1 Alarm.com
  - 5.4.2 Allegion
6. Investment Outlook for Startups in 2024

Appendix

A1 VC and PE Funding for Smart Building Startups Jan 2023 to April 2024
A2 Smart Building Startups M&A Jan 2023 to April 2024

List of Charts and Figures

The Global Smart Building Landscape of Startups

Development of Startups VC and PE Funding 2015 – 2023
Highest Funded Startups January 2023 – April 2024
Technology Sectors in the Smart Buildings Space Attracting Investors
Investments in IoT Platforms for Buildings Startups January 2023 – April 2024
IoT Platforms for Smart Buildings
Investments in Connected Lighting Startups January 2023 – April 2024
Smart Connected Lighting
Investments in BIM, Digital Twin, and Digitization Startups January 2023 – April 2024
BIM, Digital Twin, and Digitization Solutions
Investments in Networking and Connectivity Startups January 2023 – April 2024
Networking and Connectivity for Buildings
Investments in Cybersecurity Startups January 2023 – April 2024
Cybersecurity Solutions for Buildings
Investments in Building Energy Management Software Startups January 2023 – April 2024
Building Energy Management Software
Investments in Sustainability and Carbon Management Startups January 2023 – April 2024
Sustainability and Carbon Management in Buildings
Investments in Energy Efficiency Services Startups January 2023 – April 2024
Energy Efficiency Services
Investments in DERMS, DR, and VPP Startups January 2023 – April 2024
Distributed Energy Resource Management
Investments in Distributed Energy Storage Startups January 2023 – April 2024
Distributed Energy Storage
Investments in Energy Management Hardware Startups January 2023 – April 2024
Building Energy Management Hardware
Investments in Occupancy Analytics and Workplace Management Startups January 2023 – April 2024
Occupancy Analytics and Workplace Management
Investments in Asset & Maintenance Management Software Startups January 2023 – April 2024
Asset & Maintenance Management
Investments in Drones and Robotics Startups January 2023 – April 2024
Investments in Vertical Market Startups January 2023 – April 2024
Investments in Indoor Air Quality Startups January 2023 – April 2024
Investments in Water Management Startups January 2023 – April 2024
Investments in Indoor Location and Mapping Startups January 2023 – April 2024
Investments in Access Control & Identity Management Startups January 2023 – April 2024
Access Control
Investments in Video Surveillance and Computer Vision Startups January 2023 – April 2024
Video Surveillance & Video Analytics
Investments in Emergency Response Startups January 2023 – April 2024

Startup Acquisitions in the Smart Building Space 2013 – 2024
IoT Platforms for Buildings
Energy Management Software and Services
Solar Energy Management, Storage and EV Charging in Buildings
Workplace Management & Workplace Experience
Resource Scheduling & Visitor Management
Video Analytics & PSIM
Access Control & Identity Management

ABB Partnerships with Startups
Belimo Partnerships with Startups
Honeywell Partnerships with Startups
Johnson Controls Partnerships with Startups
Schneider Electric Partnerships with Startups
Siemens Partnerships with Startups
CBRE Partnerships with Startups
Cushman & Wakefield Partnerships with Startups
JLL Partnerships with Startups
Carrier Partnerships with Startups
Trane Technologies Partnerships with Startups
Panasonic Partnerships with Startups
Alarm.com Partnerships with Startups
Allegion Partnerships with Startups

Companies Mentioned Include (BUT NOT LIMITED TO);

Published Date	Q2 2024
License	Enterprise Wide License
Report Contents	2 Spreadsheets, 215 Pages, 46 Slides

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StartUps in Smart Buildings 2024