March 2023 marked a turbulent period in the North Atlantic financial landscape, with the collapse of several major banks, such as Silicon Valley Bank, Signature Bank, First Republic Bank, and the emergency acquisition of Credit Suisse.

While much has been said about the broader economic implications, this case study offers one of the first data-driven analyses focusing specifically on the PropTech industry.

Leveraging a “difference-in-differences” methodology, the study explores:

  • The evolving relationship between PropTech firms and financial institutions,
  • How key players like Opendoor and Roofstock were affected,
  • The role (and limits) of PropTech investment by banks like SVB, Signature, and Credit Suisse.

This work underlines ESCP’s commitment to generating actionable insights at the crossroads of real estate, finance, and innovation.

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