Top 5 Venture Capital Firms for PropTech Startups

When you're preparing to raise capital for your PropTech startup, knowing the key investors is critical. Finding a venture capital firm that truly understands the nuances of real estate technology means finding a partner, not just a check.

To help you get started, our team has curated this overview of the top VC firms active in the property technology sector. Use this guide to quickly identify the investors most relevant to your business, whether you're fundraising now or in the future.

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Which VC Firms in PropTech Are Right for Your Stage?

Knowing which investors to approach is important at every stage, from your first funding round to a future exit. We've put together a brief guide to help you identify which PropTech VC firms invest at different stages.

Pre-seed and Seed VC Firms in PropTech

This initial funding stage is for getting your idea off the ground, typically to build your product and find early customers. Some active seed venture capital firms in property technology include Shadow Ventures, 1984 Ventures, and LAB Ventures.

Early Stage VC Firms in PropTech

Early-stage funding, like Series A or B, is for startups with proven traction that need capital to scale their operations and accelerate growth. For founders at this point, early stage VC firms such as Chicago-based Nine Four Ventures and JLL Spark are notable investors in the space.

Late Stage VC Firms in PropTech

Late-stage rounds provide growth capital to established companies preparing for a major milestone, such as an IPO or acquisition. Among corporate real estate venture capital firms, JLL Spark is one of the key players that invests in mature PropTech businesses.

Keep in mind that some venture capital firms invest across multiple stages, from a company's first check to its last private round.

To help you find the right partner, here is our overview of leading venture capital firms in PropTech. We've included details on their investment stages, geographic focus, and what distinguishes each firm.

1. 1984 Ventures

1984 Ventures is a San Francisco-based firm that invests in early-stage companies across several industries, including PropTech, FinTech, and SaaS. Since its start in 2017, the firm has focused on providing seed and early-stage capital.

The firm's website highlights major growth stories like Postscript, an e-commerce marketing platform, and BuildOps, a SaaS suite for contractors. This focus suggests they value product-led growth and have a track record of successful exits, including the tech-enabled real-estate brokerage Properly.

This firm could be a great fit if you're a founder at the seed stage with a strong product vision in one of their key sectors. Their history with companies like Brace, a mortgage-servicing software, shows an interest in founders building practical, industry-specific solutions.

• Investment stages: Seed and early-stage
• Industries of focus: PropTech, FinTech, SaaS, e-commerce, and consumer
• Geographical presence: Based in San Francisco
• Founded year: 2017
• Notable portfolio companies: Properly, Brace, Postscript, BuildOps
• Portfolio size: Over 100 investments

You can refer to their website here.

2. Shadow Ventures

Shadow Ventures is an Atlanta-based firm that invests exclusively in technology for the built environment, covering sectors like construction and commercial real estate. They focus on providing capital to companies at the seed and early stages.

The firm's singular focus on the built environment is a key differentiator, and they operate as both a venture capital investor and an accelerator. Their portfolio includes high-growth companies like the 3D-printing construction unicorn ICON and successful exits like InfoTycoon.

This firm is a strong match for founders building technology for the construction and real estate industries, especially at the seed or early stages. If you're looking for a specialized partner with deep industry knowledge, Shadow Ventures could be the right fit.

• Investment stages: Seed and early-stage venture
• Industries of focus: PropTech, construction, commercial real estate
• Geographical presence: Based in Atlanta, Georgia
• Founded year: 2018
• Notable portfolio companies: ICON, Local Logic, InfoTycoon, OnScale
• Investor type: Venture Capital and Accelerator

You can refer to their website here.

3. Nine Four Ventures

Nine Four Ventures is a Chicago-based firm that invests in early-stage companies, with a strong focus on PropTech. Since its founding in 2018, it has backed startups across real estate, construction, and financial technology.

The firm's portfolio showcases a history of successful exits, including the SmartRent IPO and the acquisition of First.io. They have also backed unicorns like the construction-finance software Built and the insurance-compliance platform AgentSync, demonstrating a clear focus on high-growth businesses.

This firm is a strong match for founders at the seed or early stages building technology for the real estate, construction, or financial services industries. Their track record suggests an appetite for businesses that can scale significantly and achieve major market outcomes.

• Investment stages: Seed and early-stage venture
• Industries of focus: PropTech, FinTech, InsurTech, and construction
• Geographical presence: Based in Chicago
• Founded year: 2018
• Notable portfolio companies: SmartRent, Built, AgentSync, OpenSpace
• Portfolio size: Over 40 investments

You can refer to their website here.

4. LAB Ventures

LAB Ventures is a Miami-based firm that operates as both a startup studio and an early-stage venture capital investor. Since 2016, they have focused on backing founders building companies in the property technology sector.

The firm's dual model as an incubator and VC provides hands-on support for founders from the earliest stages. Their portfolio includes companies like the resident-experience platform Alfred and the self-guided tour technology Tour24, showing a clear focus on practical PropTech solutions.

This firm is an excellent choice for founders at the seed or pre-seed stage who are looking for more than just capital. If your startup is in the PropTech space and could benefit from operational guidance, LAB Ventures' studio model is a significant advantage.

• Investment stages: Seed and early-stage
• Industries of focus: PropTech, FinTech
• Geographical presence: Based in Miami, Florida
• Founded year: 2016
• Notable portfolio companies: Alfred, Tour24, Parcl, Tongo
• Investor type: Venture Capital and Incubator
• Portfolio size: 28 investments

You can refer to their website here.

5. JLL Spark

JLL Spark is the corporate venture capital division of JLL, a global commercial real estate services company. Based in San Francisco, the firm invests in technology startups to accelerate innovation across the real estate industry.

As a corporate VC, JLL Spark provides founders with access to JLL's global network and deep industry expertise, a significant advantage for scaling. The firm invests across all stages and has led funding rounds for companies like the menstrual-equity startup Aunt Flow and participated in the $400 million round for prefab-home builder Veev.

This firm is an ideal partner if your company is building technology for the commercial real estate sector, regardless of your funding stage. Founders seeking a strategic investor that can provide more than just capital will find JLL Spark's industry connections invaluable.

• Investment stages: Seed to late-stage
• Industries of focus: PropTech, commercial real estate, and related technologies
• Geographical presence: Based in San Francisco
• Founded year: 2017
• Notable portfolio companies: Veev, SwiftConnect, Aunt Flow, Re-Leased
• Investor type: Corporate Venture Capital
• Portfolio size: Over 60 investments

You can refer to their website here.

What This Tells Us About The VC Scene for PropTech Companies

This overview of venture capital firms shows a strong focus on early-stage investment in property technology. With most of the firms on our list providing seed and Series A funding, it's clear there is significant support for new companies entering the market. This is an encouraging sign if you are in the early phases of building your business.

Additionally, the investors are not concentrated in a single location. With firms in San Francisco, Chicago, Atlanta, and Miami, you have funding options across the country. The variety in investor types, from corporate VCs to incubators, also means you can find a partner whose support model aligns with your specific needs, whether that's industry connections or operational guidance.

Raise Confidently with Rho

Having a focused list of relevant investors is critical when your time and energy are limited. It allows you to concentrate your efforts on the firms most likely to be a good fit for your company.

After a successful fundraise, the next step is putting that capital to work. If you’ve just raised, Rho can help you set up your financial stack in minutes.

Our platform offers integrated business banking, corporate cards, and automated bill pay. These tools are designed to help you manage your new funding with clarity and control.

FAQs about Venture Capital Firms Focused on PropTech

Are there many PropTech venture capital firms in New York?

Yes, New York is a major hub for real estate and finance, making it a prime location for PropTech investment. You'll find many specialist and generalist VCs there, offering significant funding opportunities for founders in the sector.

What is the PropTech VC scene like in London?

London is a key European center for PropTech innovation. The city has a growing number of specialized VCs and accelerators focused on real estate technology, supported by its strong financial and property markets.

How do I find the right Series A venture capital firms?

Focus on firms whose portfolios include companies at a similar stage and sector. Look for investors with a clear history of leading or participating in Series A rounds for other PropTech businesses to find the best fit.

What do PropTech VC firms look for in a startup?

Investors want to see a strong team, a clear solution to a real estate market problem, and early traction. A scalable business model and a large addressable market are also critical for securing venture capital funding.

How can I manage my funds after a successful raise?

After your fundraise, a strong financial stack is essential. Our platform offers integrated banking, corporate cards, and spend management to help you manage your new capital with clarity. Get started with Rho today.