Top 21 Proptech Startups In 2023
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The total value of real estate tech deals in 2021 was $19 billion, according to data from Statista.
In today's post we'll list out the fastest-growing proptech startups in 2023. Along with key data points on each company.
1. Casavo
5-year search growth: 1075%
Search growth status: Exploding
Year founded: 2017
Location: Milan, Italy
Funding: $736.5M (Debt Financing)
What they do: Casavo is an online real estate platform designed to help reduce transaction times. Property sellers are provided with a guaranteed price during the offer stage. Once accepted, the company transfers funds to the property owner and closes a deal within a month.
2. TurboTenant
5-year search growth: 254%
Search growth status: Exploding
Year founded: 2015
Location: Fort Collins, CO
Funding: $10.2M (Series A)
What they do: TurboTenant is a property management software platform for landlords. Core features include rental advertising, rental applications, tenant screening, and payment collection. According to TurbeTenant, more than 300 thousand property owners currently use the platform.
3. Kin Insurance
5-year search growth: 688%
Search growth status: Exploding
Year founded: 2016
Location: Chicago, IL
Funding: $383.2M (Debt Financing)
What they do: Kin offers simplified home insurance plans. Specifically, they focus on providing coverage for properties in regions that are prone to natural disasters. Kin's policies include hurricane, flood, wildfire, and earthquake protection.
4. Homeday
5-year search growth: 375%
Search growth status: Peaked
Year founded: 2015
Location: Berlin, Germany
Funding: $71.4M (Series Unknown)
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: 200%
Search growth status: Peaked
Year founded: 2017
Location: London, UK
Funding: Undisclosed
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: 500%
Search growth status: Regular
Year founded: 2014
Location: London, UK
Funding: Undisclosed
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: 100%
Search growth status: Peaked
Year founded: 2016
Location: Singapore, Singapore
Funding: $7.9M (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: 93%
Search growth status: Exploding
Year founded: 2018
Location: Santa Barbara, CA
Funding: $46M (Series B)
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 test out the impact of changing variables within an active construction project.
9. VergeSense
5-year search growth: 1300%
Search growth status: Peaked
Year founded: 2017
Location: San Francisco, CA
Funding: $82.6M (Series C)
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.
10. HoloBuilder
5-year search growth: 142%
Search growth status: Exploding
Year founded: 2014
Location: Lake Mary, FL
Funding: $2.9M (Corporate Round)
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. And allows non-construction professionals to monitor progress without needing to physically visit the site.
11. HomeLight
5-year search growth: -19%
Search growth status: Peaked
Year founded: 2012
Location: San Francisco, CA
Funding: $742.5M (Series D)
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 and as of November 2021, the company has a valuation on $1.6 billion.
12. Procore
5-year search growth: 135%
Search growth status: Exploding
Year founded: 2003
Location: Carpinteria, CA
Funding: $650M (Secondary Market)
What they do: Procore is a cloud-based construction management software. The platform includes 6 core components, from pre-construction to financial management, designed to help streamline processes. Procore reports that they have more than 1.6 million users.
13. MeetElise
5-year search growth: 300%
Search growth status: Exploding
Year founded: 2017
Location: New York City, NY
Funding: $31.9M (Series B)
What they do: MeetElise is an AI-powered leasing assistant. The tool helps with automating lead management (including automatic responses to questions, confirming property tours, and sending follow-ups).
14. Knock
5-year search growth: 200%
Search growth status: Regular
Year founded: 2015
Location: San Mateo, CA
Funding: $874.5M (Series Unknown)
What they do: Knock is a technology company that provides home loan products. Its Home Swap offering is basically a car trade-in approach to houses, where home buyers can get approved for a new home before selling their old one.
15. Pacaso
5-year search growth: 314%
Search growth status: Peaked
Year founded: 2020
Location: San Francisco, CA
Funding: $1.5B (Series C)
What they do: Pacaso is a proptech startup that offers an ownership platform for second homes. The service includes an online marketplace with listings to purchase a fraction of the house (via an LLC co-ownership model.) While the company manages the legal processes and property maintenance of the property.
16. McMakler
5-year search growth: 757%
Search growth status: Regular
Year founded: 2015
Location: Berlin, Germany
Funding: $214.9M (Series Unknown)
What they do: McMakler is a platform for searching for available real estate in Germany. Unlike many online real estate platforms, McMakler also handles with commercial real estate. The company reports that they have relationships with over 400 brokers.
17. Hippo Insurance
5-year search growth: 0%
Search growth status: Peaked
Year founded: 2015
Location: Palo Alto, CA
Funding: $1.3B (Post-IPO Equity)
What they do: Hippo is a home insurance provider. Hippo also offers additional coverage for home offices, water backup setups, service lines, and more. Policies include complimentary add-ons such as smart home devices and access to a network of specialists to help with home repairs and maintenance.
18. OnSiteIQ
5-year search growth: 0%
Search growth status: Peaked
Year founded: 2017
Location: New York City, NY
Funding: $12.4M (Series A)
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.
19. Roofstock
5-year search growth: 40%
Search growth status: Peaked
Year founded: 2015
Location: Oakland, CA
Funding: $365.3M (Series E)
What they do: Roofstock is an online marketplace for investments in single-family rental homes. Roofstock is only currently available in select US locations. The company has exceeded $2 billion in transactions since its launch.
20. Divvy
5-year search growth: 254%
Search growth status: Regular
Year founded: 2017
Location: San Francisco, CA
Funding: $1.2B (Debt Financing)
What they do: Divvy is a real estate company that helps renters build equity credits. Customers can choose a property of their own choice. Then, Divvy pays for the home with the renter's downpayment. Once renters are mortgage-eligible, they can buy back the house or move out and cash out what they put into the property.
21. Knotel
5-year search growth: -17%
Search growth status: Peaked
Year founded: 2016
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.
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.