SPAC mania has lit a fire in the proptech world. Insiders explain why they’re a great match and what risks lie ahead.

SPACs are taking real-estate tech companies public, and real-estate companies are raising SPACs. It’s partly timing: Proptech companies are maturing at the same time as the SPAC boom. VCs said proptech, which brings new business models to an ancient industry, is well suited to SPACs. Between 2020 and 2021, almost 500 special purpose acquisition companies…

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