Top 11 Proptech Startups In 2021
The total value of real estate tech deals has grown 2.2x over the last 4 years, according to data from CB Insights.
In today's post we'll list out the fastest-growing proptech startups in 2021. Along with key data points on each company.
1. VergeSense
5-year search growth: 2100%
Search growth status: Regular
Year founded: 2017
Location: San Francisco, CA
Funding: $22.6M (Series B)
What they do: VergeSense is a data analytics company for work spaces. In other words, the software helps businesses measure and track office space usage. Notable customers include RBC, Quicken Loans, and Cisco.
2. OnSiteIQ
5-year search growth: 7,000%
Search growth status: Regular
Year founded: 2017
Location: New York City, New York
Funding: $8.4M
What they do: OnSiteIQ is a platform for digitizing and mapping construction sites. Also includes features for digitizing processes and for developing risk assessment documentation.
3. Knotel
5-year search growth: 650%
Search growth status: Peaked
Year founded: 2015
Location: New York City, New York
Funding: $560M (Series C)
What they do: Knotel is "AirBnB" for office space". Specifically, businesses can rent out office space from thousands of locations around the world, including Berlin, Boston and LA. Knotel offers several different office space term options, including "Knotel Go", which is designed for short-term office rentals.
4. Homeday
5-year search growth: 1900%
Search growth status: Regular
Year founded: 2014
Location: Berlin, Germany
Funding: $71.4M
What they do: Homeday is a platform for buying and selling real estate (with a focus on houses). However, unlike many FSBO services, Homeday does work with brokers. Although their commission (1.95%) is significantly lower than many traditional brokers. The Homeday software also has features for tracking a listing over time.
5. HomeViews
5-year search growth: 500%
Search growth status: Peaked
Year founded: 2017
Location: London, UK
Funding: None disclosed
What they do: HomeViews is a review site for residential property (specifically, high-end apartment buildings). Reviews typically contain a few paragraph's of the tenant's experience with the property along with specific ratings for facility quality, location and overall value.
6. Acaboom
5-year search growth: 4,800%
Search growth status: Regular
Year founded: 2013
Location: London, UK
Funding: None disclosed
What they do: Acaboom is software for real estate agents designed to help them close more deals. Specifically, the software allows agents to create custom presentations for prospective buyers.
7. Ohmyhome
5-year search growth: 42%
Search growth status: Regular
Year founded: 2016
Location: Singapore
Funding: $2.9M (Series A)
What they do: Ohmyhome is a proptech startup that runs a DIY property transaction platform in the Asian market. Includes listings for houses, apartments and condos as well as a service that connects tenants with home loan and renovation services.
8. Briq
5-year search growth: 466%
Search growth status: Regular
Year founded: 2018
Location: Santa Barbara, CA
Funding: $16M (Series A)
What they do: Briq helps real estate and construction professionals manage budgets and investments. The startup's target market includes contractors, construction managers, CFOs and project managers. The Briq platform also has a "predictive analytics" tool designed to help test out the impact of changing variables within a construction project.
9. McMakler
5-year search growth: 710%
Search growth status: Exploding
Year founded: 2015
Location: Berlin, Germany
Funding: $94M
What they do: McMakler is a platform for searching for available real estate in Germany. Unlike many online real estate platforms, McMakler also deals with commercial real estate. The company reports that they have relationships with over 400 brokers.
10. HoloBuilder
5-year search growth: 122%
Search growth status: Exploding
Year founded: 2016
Location: San Francisco, CA
Funding: $2.9M
What they do: HoloBuilder is software for tracking the progress of complex construction projects. Specifically, the tech helps users take and analyze 360 degree photos of construction sites. Also allows non-construction professionals to monitor progress without needing to visit the site.
11. HomeLight
5-year search growth: 400%
Search growth status: Regular
Year founded: 2012
Location: San Francisco, CA
Funding: $164M (Series C)
What they do: Homelight is an online platform for connecting home sellers with local real estate agents and "instant offer" companies. They also offer home loans without any up-front underwriting fees. Homelight reports that they've processed over 40 million transactions to date.
Wrapping Up
That completes our list of growing startups in the property technology space.
From property management to supporting deals, it's interesting to see how much of this traditional, offline space is being impacted by online technology. And how many of the fastest-growing startups in the proptech world are outside of the US.