The value of your business idea directly correlates with your ability to sell it to other people, be it customers, your future team, or investors. For the latter, having an effective investor outreach strategy outlining exactly whom and how you target is the ultimate deal-maker. Here, we’ve compiled a list of top proptech investors to pitch to along with their investment criteria, financial details and contacts. To help you better navigate the landscape we also laid out the latest proptech VC trends, lists of most active funds and proptech accelerators, notable startups, and recent exits.

MetaProp
160 investments
Focus:
  • AI & Deep Tech
  • Advertising & Marketing
  • +24
Stage:
  • Pre-Seed
  • Seed
  • +1
Check:
  • $0-$100K
  • $100K-$500K
  • +3
Zigg Capital
50 investments
Focus:
  • Hardware, Robotics & IoT
  • Transportation & Mobility
  • +15
Stage:
  • Pre-Seed
  • Seed
  • +1
Check:
  • $3M-$10M
Nine Four Ventures
38 investments
LAB Ventures
27 investments
Focus:
  • Hardware, Robotics & IoT
  • Software & Apps
  • +7
Concrete Venture Capital
27 investments
SuperAngel.Fund
23 investments
Stage:
  • Pre-Seed
  • Seed
  • +1
Check:
  • $0-$100K
  • $100K-$500K
  • +1
Alate Partners
22 investments
Stage:
  • Pre-Seed
  • Seed
  • +2
Check:
  • $1M-$3M
  • $10M-$50M
  • +2
Greensoil PropTech Ventures
8 investments
Focus:
  • Hardware, Robotics & IoT
  • Energy & Utilities
  • +9
Stage:
  • Seed
  • Series A
  • +2
Dreamit Ventures
391 investments
Focus:
  • Sports & Fitness
  • AI & Deep Tech
  • +27
Stage:
  • Pre-Seed
  • Seed
  • +3
Check:
  • $0-$100K
  • $100K-$500K
AMAVI Capital
12 investments
Focus:
  • Hardware, Robotics & IoT
  • VR & AR
  • +11
Terracotta Ventures
11 investments
Anyon Holding
9 investments
Styx Urban Investments
6 investments
Watheeq Proptech Venture
5 investments
Rise PropTech
5 investments

Most active proptech VC investors

The proptech sector attracts venture capital due to its huge potential for early-stage innovation, sustainability, and a high concentration of tech ecosystems in key regions like Europe and North America. With around 900 proptech VC funds globally, it’s well-supported by investors looking to pour money into transformative ideas and stellar teams. 

Check out the most active players:

  • Fifth Wall, one of the leading proptech venture capital funds, which has made 153 investments with 12 exits since 2016. This mature investor has an incredible reputation, a rich investment portfolio, and support of over 100 partners.
  • Proptech1 Ventures, a European pre-seed and seed proptech investor, which encounters digital entrepreneurs, VC professionals, and real estate experts. This fund actively cooperates with banks, real estate, and insurance companies. Since 2018 it has completed 21 proptech investments.  
  • Navitas Capital helps contech, climate tech, and proptech startups with funds and GTM strategies to disrupt the market. It boasts a portfolio of 23 proptech investments, including Matterport (already exited), which creates 3D virtual tours for real estate projects, Orchard, which offers a platform that simplifies the process of buying and selling homes, and EliseAI, which provides AI-powered solutions for managing multifamily properties. 

Most notable proptech startups

The proptech sector has lots of notable startups, including VergeSense, a data analytics company that helps optimize workspace through sensor technology. It has seen a whopping 600% increase in online searches over the past five years. The company raised a $60 million Series C round in 2021. Mynd Property Management offers services for property owners and investors, such as rent collection, maintenance, leasing, and financial reporting. The company has secured $204.9 million in total across nine funding rounds in addition to $5 billion raised in 2021. Blueground, a global proptech company which offers furnished apartments for rent, won a $45 million Series D funding round in 2024. 

Proptech accelerators

Aside from traditional proptech VC firms, consider accelerator programs when starting a proptech company. Accelerators usually provide funding, mentorship, networking opportunities, and resources to scale your business. 

Here are some proptech accelerators to explore:

  • MetaProp Accelerator at Columbia University, a 22-week program that provides up to $250 000 in funding, access to a global network of mentors, real estate industry connections, and office space in New York City. 
  • Techstars accelerator hub offers various accelerator programs across different verticals and geographies. Each three-month program grants participants $120,000 in funding, hands-on support, and access to the extensive Techstars network.
  • Reach is a growth accelerator program created by the National Association of Realtors to help companies scale in the real estate industry. The program typically runs for nine months, providing mentorship, network, and strategic support.

Recent exits in proptech sector

Proptech achieved 390 exits from 2018 to 2022, including M&A, IPOs, and buyouts, with M&A taking the lion’s share at 66.7%. Some recent exits are Matterport, a leading provider of 3D immersive environment software, exited through a SPAC merger with Gores Holdings VI in July 2021, valued at approximately $2.9 billion and OpenDoor, an online platform that simplifies buying and selling residential real estate, went public via a SPAC merger in December 2020 and has since raised significant capital through follow-on offerings.

Overview of proptech venture capital ecosystem

Proptech venture capital, which once flowed abundantly into the sector, significantly dwindled. In Q1 2024, proptech startups raised $1.5 billion in funds, a 12% decrease compared to Q1 2023’s $1.7 billion, and a steep decline from Q1 2022’s $7.4 billion. However, the proptech market is successfully adjusting to new economic realities, signaling an upcoming revival of VC activity. 

Startups with resilient business models attract proptech VC investments. Given the geopolitical instability and high inflation, interest rates have surged, causing many proptech startups to shut down. For example, Here, a Miami-based marketplace for short-term vacation rentals threw in the towel after just over two years due to high interest rates. Similarly, FrontDesk, which offered furnished short-term rental apartments, struggled to survive the rising rates and failed to secure further funding. These cases show that proptech VCs are now very picky, favoring startups with efficient, sustainable, and adaptable business models amid economic headwinds.

Sustainability and decarbonization drive proptech funding forward. Recent VC investments heavily target energy (34% of total rounds) and impact (51% of impact rounds) startups focused on energy efficiency and carbon reduction. The top-funded verticals include smart cities, urban infrastructures, smart buildings, and energy trading and storage. This trend shows that investors are eager to fund startups that innovate at the intersection of energy and building infrastructures. 

Early-stage investments rule the proptech venture capital ball. The proptech ecosystem is still in its nascent stage, attracting lots of early-stage investments. Recent data shows that in the past two years, almost no funding rounds exceeded €20M, and there were only a few Series A rounds, while Seed funding accounted for 30.57%. This indicates that early-stage startups have high chances to become proptech investors’ darlings and secure winning funding rounds.

Additional insights 

The proptech sector seems to enter an era of strategic realignment with investors seeking strong fundamentals and clear market potential. Despite the recent economic downturn, VCs’ interest in early-stage investments signals an optimistic future for proptech startups. The proptech venture capital rush may have cooled, but the sector still offers strategic long-term value and sustainability opportunities. 

To capitalize on these opportunities, you must:

If you feel overwhelmed with all the details, reach out to our expert team for help and join the ranks of over 500 companies that raised $3B+ in funding!

FAQs

What is proptech?

Proptech (property technology) is technology that improves the real estate industry. It includes tools for buying, selling, managing, and investing in properties, making these processes easier and more efficient.

Which proptech conferences are worth visiting?

Proptech startups should consider the following conferences if they want to network and learn about the latest industry trends:
Proptech Connect brings together proptech startups, investors, and real estate professionals to discuss the latest trends and innovations in the industry. It’s held annually in London.
London Proptech Show is a major event for the proptech community, featuring a variety of exhibitors, speakers, and networking opportunities. It’s held annually in London.

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Ruslana

CONTENT WRITER

Hello! I'm Ruslana, a Content Writer at Waveup. Based on my background in marketing research and business analytics, and my current collaboration with the savvy team at Waveup, I'm excited to share my insights and learnings with you.