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Discover the latest developments shaping the landscape in Q1 2024 with Pi Labs' comprehensive report. From the gradual uptick in European consumer sentiment to the milestone of seed-stage startup valuations surpassing £10 million, delve into the details behind these trends through six insightful charts.

Despite lingering below its long-term average, European consumer sentiment is steadily climbing, reaching 96.2 from a low of 93.2 in Q3 2023. Meanwhile, the median post-money valuation for seed-stage startups has broken the £10 million barrier for the first time, signaling resilience in the face of global market uncertainties.

In the realm of venture capital funding, the quarterly investment in proptech and contech sectors mirrors pre-boom era levels, standing at £1.14 billion in Q1 2024. This suggests a shift towards quality investments, with higher valuations for select startups attracting bullish investors.

Moreover, the online search interest in OpenAI's ChatGPT has soared to new heights, reflecting its growing popularity and adoption. As the platform continues to evolve, it paves the way for specialized genAI tools catering to diverse needs across industries, including the built world.

On the construction front, UK firms are cautiously approaching borrowing amid stabilized interest rates, while office occupancy levels in the UK have surged to pre-pandemic figures in March 2024. This resurgence may indicate a reevaluation of remote work dynamics and employer-employee negotiations.

Pi Labs unpacks these insights and more to gain a deeper understanding of the economic, technological, and real estate landscape in Q1 2024. 

Original article posted on April 4, 2024