Just like us, smart cities are leveraging data and digital technology to help solve pervasive problems. From reducing carbon emissions and congestion to creating more affordable housing, companies are working to flip the script with the help of the latest innovations.
Private equity is focused on the actual infrastructure whereas venture capital is capitalizing on technology that can be layered on top. Despite operating in different spheres, both are working together to push cities into the future.
It’s not just about the creating better societies though—professionals in the private markets see significant value and opportunity in the space. In fact, more than $149.7 billion of capital has been invested in urban technology over the last 8 years.