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Proptech Investor Companies // 7 Proptech VC Investors that You Should Know
The construction market has grown to reach about $8.5T globally and is expected to grow to $15.5T worldwide by 2030, yet the industry has been late to the game to adopt new technologies to improve project delivery and process management.
With IT expenses hovering around 1% of gross revenue, construction holds last place in the rankings of IT spending by the global economic sector.
Fierce competition between firms to win future bids, the necessity to reduce operating expenses in response to shrinking margins, and challenges in recruiting and retaining young talent are forcing the industry to innovate.
With the adoption of technology, the real estate industry currently has seen the emergence of PropTech. Proptech, or property technology, is all the tech tools Real Estate experts use to optimize the way people buy, sell, research, market, and manage a property.
These innovative technologies are also known as Real Estate Tech, Retech, Realtech, and CRE Tech depending on which lens you’re looking through.
However, at its core, prop tech always means robust alignment between real estate and technology.
By far, Airbnb is one of the first proptech tech companies disrupting the real estate industry, along with Zoopla, Causeway, and Purplebricks they all once took the plunge and married century-old technology and real estate, pretty much in the same way Uber has transformed the transportation business.
With PropTech taking up the industry by storm, investors are also shifting their focus to this industry.
According to Crunchbase data, venture-backed companies in the real estate and property tech space raised nearly $21 billion. There will likely be more investment in real estate software surrounding the construction and property management spaces—two sectors that were standout areas for investment,
In Africa, Statista recorded that in South Africa, the volume of investment in the proptech sector totaled six million U.S. dollars as of the first half of 2022, while in Nigeria, this figure amounted to 1.5 million U.S. dollars.
From online real estate listing sites to home management software, and digital advances that have transformed the Real Estate industry below we round up the 7 Proptech venture capital Investors you should know.
Real Estate Technology Ventures (RET Ventures)
Real Estate Technology Ventures (RET Ventures) is the first industry-backed early-stage venture fund focused on building cutting-edge real estate technology companies with a focus on the multifamily and single-family rental industries.
The Firm connects the smartest rent tech solutions with its strategic LP base which includes the largest network of rental units in North America. The company was founded in 2017 and has a total fund size of $273M
RET Ventures works with high-quality entrepreneurs to rapidly scale their businesses by leveraging the knowledge and expertise of its team and limited partners, who own close to one million units. In turn, these owners receive early access and insight into the most effective technology solutions.
The company has grown its portfolio to reach over 30 companies and include Amenify a one-stop shop for trusted services, including on-site fitness, dog walks, cleanings, and community events, Azibo, a financial platform for landlords, offering rent collection, banking, insurance, loans and more, Conservation Labs,Slingshot, Smart Rent and many others.
Fifth Wall
Founded in 2016, Fifth Wall, a Certified B Corporation, is the largest venture capital firm focused on technology for the global real estate industry.
With approximately $3.0 billion in commitments and capital under management, Fifth Wall connects many of the world’s largest owners and operators of real estate with the entrepreneurs who are redefining the future of the Built World.
Fifth Wall is backed by a global mix of more than 90 strategic limited partners (LPs) from more than 15 countries, including BNP Paribas Real Estate, Cushman & Wakefield, Kimco Realty Corporation, Lowe’s Home Improvement, Marriott International, MetLife Investment Management, Related Companies, Starwood Capital, Toll Brothers, and others.
Fifth Wall believes this consortium represents one of the largest groups of potential partners in the global Built World ecosystem, which can result in transformational investments and collaborations with promising portfolio companies
Fifth Wall’s most notable exits include ClassPass, Opendoor, and Harbor.
Picus Capital
Picus Capital is an early-stage technology investment firm with a long-term investment philosophy. We work together with daring technology companies to build successful, global companies challenging the status quo and shaping tomorrow.
Picus Capital wants to become the closest partner of our portfolio companies by working together on key strategic decisions and operative challenges.
As a privately financed venture capital investor with long-term and flexible capital, we are looking for exceptional founders who are committed to building category leaders throughout the next 5-10+ years.
Founded in 2015, Picus Capital has a total fund size of USD 3.63. The company invests in early-stage technology ventures with a focus on Real Estate, Finance & Insurance, Human Resources, Renewable Energy, Mobility, and Health.
Picus makes initial investments in pre-seed, seed, and series A ventures thereby starting to work together with entrepreneurs in various stages of their companies ranging from the ideation phase to initial traction. We follow a very long-term investment approach investing significant amounts throughout the lifecycle of the companies. We have invested in over 50 companies to date.
Picus Capital’s most notable exits include Thermondo, Homebot, and Talentry.
Camber Creek
Camber Creek contributes in a direct and significant way to the success of its portfolio companies by leveraging the real estate expertise, operating experience, and portfolio of assets of its partners, investors, and advisors.
Camber Creek’s investment team has investing, operating, and technology experience and expertise across a range of real estate businesses, including construction, property management, development, and leasing.
Camber Creek’s investors own, operate, and manage over 150 million square feet of real estate, giving us a unique competitive advantage as an investor and value-added partner in the real estate technology space.
Moderne Ventures’ Fund
Moderne Ventures’ Fund invests in early-stage companies that have applicability in and around the real estate, insurance, finance, hospitality, and home services industries—multi-trillion dollar markets that represent 20% of the US GDP and billions of dollars of annual expenditures on marketing, technology, and business services.
Moderne Ventures’ Fund invests in those companies that are challenging the status quo, filling the gaps, and building value into their key marketplaces.
Moderne has partnered with more than 700 corporations and executives within its core industries who are investors, mentors, and advisers to Moderne Ventures and its companies – together they make up the Moderne Network.
Metaprop VC
MetaProp is the world’s leading venture capital firm focused on the PropTech industry. Founded in 2015, MetaProp’s investment team has invested in over 150 technology companies across the real estate value chain.
The firm manages funds for both financial and strategic real estate investors that represent a pilot- and test-ready sandbox of 20+ billion square feet across every real estate asset type and global market.
