Top 6 Venture Capital Firms for Real Estate Investment Startups

For founders in the real estate investment space, knowing which investors are actively funding PropTech is critical when raising capital. Approaching the right venture capital firms from the start saves you valuable time and focuses your efforts on partners who understand your business.

Our team has created this overview of the top real estate venture capital firms to help you identify the most relevant investors for your startup. Use this guide to build your target list before you begin your fundraising outreach.

Just raised, or about to? Set up your financial stack with Rho in minutes. Rho provides business banking, corporate cards, and bill pay—built for startup teams moving fast.

Which VC Firms in Real Estate Investment Are Right for Your Stage?

Whether your company is in its early stages or preparing for an exit, it helps to know who to talk to. Here’s a quick look at which venture capital firms in the real estate sector invest at each stage.

Pre-seed and Seed VC Firms in Real Estate Investment

Seed funding is the first official equity round for a startup, often used to finalize a product and begin market entry. For founders in the real estate tech space, firms like Militello Capital and Fortified Ventures are active at this initial stage.

Early Stage VC Firms in Real Estate Investment

Early-stage funding, which covers Series A and B rounds, helps companies with established market traction accelerate their growth. PropTech venture capital firms that focus on this phase include Fifth Wall and Noventi.

Late Stage VC Firms in Real Estate Investment

Late-stage rounds support established companies as they scale significantly, often in preparation for an exit like an IPO or acquisition. You might approach real estate investment firms such as Manhattan West or StepStone Group when you reach this mature phase.

Additionally, some real estate VC firms invest across multiple funding stages, from seed to late-stage rounds.

To help you build your target list, here is a more detailed review of the top VC firms in the real estate investment sector, covering their preferred investment stages, geographic focus, and what makes each firm a potential fit for founders.

1. StepStone Group

StepStone Group is a global private markets firm that creates customized investment portfolios for its partners. They blend primary and secondary investments with co-investments, giving them a flexible approach across the market.

A key feature is their ability to invest across the entire company lifecycle, from seed funding all the way to private equity. This multi-stage strategy, combined with their focus on industries like FinTech and real estate investment, shows their capacity for long-term partnership.

This firm could be a strong partner if you're seeking capital from a group that can support your company through multiple rounds of funding. Their broad expertise is particularly valuable for founders in the financial services and property technology sectors.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Private Equity, Secondary Market
• Industries of focus: Real Estate Investment, Financial Services, FinTech, Banking
• Geographical presence: Headquartered in New York, NY
• Founded: 2007
• Number of investments: 101

You can refer to their website here.

2. Fifth Wall

Fifth Wall is a venture capital firm that concentrates on technology for the global real estate industry. As one of the largest investors in PropTech, they have established a significant presence in the sector.

The firm is notable for investing across a company's entire lifecycle, from seed funding to private equity, which signals their ability to be a long-term partner. Their portfolio includes major exits and well-known companies like Opendoor and Procore, underscoring their focus on backing market leaders.

Fifth Wall is a strong potential match if you are a founder building technology for real estate. Their deep industry specialization and broad stage focus make them a valuable investor for startups aiming to scale.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Private Equity, Debt
• Industries of focus: Real Estate Investment, Financial Services, Finance
• Geographical presence: Headquartered in Los Angeles, CA
• Founded: 2016
• Number of investments: 182
• Notable investments: Opendoor, Procore, Industrious, Lime

You can refer to their website here.

3. Manhattan West

Manhattan West is a global strategic investment firm that blends venture capital with private equity and family office services. This hybrid model allows them to offer a broad range of financial solutions to their partners.

A key characteristic is their focus on late-stage, market-leading companies, with a portfolio that includes giants like Uber, Microsoft, and Amazon. This signals a strategy centered on backing established businesses with proven track records and significant scale.

This firm is a strong match for founders of mature companies looking for late-stage funding or private equity partners. Their expertise is also relevant for those exploring secondary market transactions ahead of a major liquidity event.

• Investment stages: Late Stage Venture, Private Equity, Secondary Market, Venture
• Industries of focus: Real Estate Investment, Asset Management, Finance, Wealth Management
• Geographical presence: Headquartered in Los Angeles, CA
• Founded: 2016
• Number of investments: 23
• Notable investments: Uber, Deliveroo, Palantir, Microsoft, Amazon

You can refer to their website here.

4. Fortified Ventures

Fortified Ventures is a venture capital and private equity firm that invests at the intersection of real estate and artificial intelligence infrastructure. They focus on supporting companies that are building the next generation of technology for these major asset classes.

A defining feature of the firm is its focus on foundational technologies, backing companies that provide core infrastructure like GPU cloud computing and blockchain-based asset tokenization. Their portfolio highlights this strategy, with investments in companies like Lambda, a unicorn in the AI infrastructure space, and Brightvine, a pioneer in tokenizing real estate assets.

This firm is a strong potential partner if your startup is building deep technology for the AI or PropTech sectors. Their ability to invest from seed through to private equity stages suggests they are equipped to be a long-term financial partner for companies with significant growth ambitions.

• Investment stages: Seed, Early Stage Venture, Private Equity
• Industries of focus: Real Estate Investment, Artificial Intelligence (AI), Cloud Infrastructure, Finance
• Geographical presence: Headquartered in New York, NY
• Founded: 2021
• Number of investments: 29
• Notable investments: Lambda, Brightvine, DwellFi

You can refer to their website here.

5. Noventi

Noventi is a global investment firm that has operated as both a venture capital fund and a family investment office since 2002. The firm pursues opportunities across a range of technology sectors, backing companies from their early stages through to private equity.

A key characteristic of Noventi is its track record of guiding portfolio companies to successful exits through acquisitions by major industry players like Hewlett-Packard and Symantec. Their investment focus covers multiple stages and includes sectors like robotics, IT, and real estate investment.

This firm could be a strong match if you are a founder with an established business model seeking a partner with experience in achieving strategic acquisitions. Their multi-stage investment capacity also makes them a good fit for companies looking for long-term financial backing.

• Investment stages: Early Stage Venture, Late Stage Venture, Private Equity
• Industries of focus: Real Estate Investment, Information Technology, Robotics, Finance
• Geographical presence: Headquartered in Newark, CA
• Founded: 2002
• Number of investments: 23
• Notable investments: Neato Robotics, Bitfone, Sygate

You can refer to their website here.

6. Militello Capital

Militello Capital is an investment firm with a primary focus on commercial real estate opportunities. They are active at the earliest stages of a company's life, providing both seed and early-stage venture funding.

A key trait of the firm is its history of backing companies that achieve successful exits through acquisition by major players. They participated in early funding for Hinge, later acquired by Match Group, and led the seed round for Social Tables, which was also acquired.

This firm is a good fit if you are a founder seeking seed or early-stage capital, especially if your business has a clear path to an acquisition. While their main interest is in real estate, their portfolio shows they are open to tech companies in other sectors.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Real Estate, Real Estate Investment, Venture Capital
• Geographical presence: Headquartered in Leesburg, Virginia
• Founded: 2011
• Number of investments: 22
• Notable investments: Hinge, Social Tables, Fleksy, Beanstack, Brazen

You can refer to their website here.

What This Tells Us About The VC Scene for Real Estate Investment Companies

This review of top firms shows a well-balanced funding environment for founders in the real estate investment sector. You can find investors focused on every stage, from early-stage specialists like Militello Capital to late-stage partners like Manhattan West. Firms such as StepStone Group and Fifth Wall even provide support across the entire company lifecycle.

Geographically, while major hubs like New York and California are prominent, the presence of firms in other locations indicates a broadening interest in PropTech. This variety gives you more options when building your target list. The key is to identify the firms whose investment stage and industry focus align with your company's current needs and long-term goals.

Raise Confidently with Rho

A focused list of investors is critical when your time and energy are limited during a fundraise. This approach ensures you spend your time speaking with partners who understand your business.

Once your round is closed, the focus shifts to managing your new capital with precision. Rho can help you set up your financial stack in minutes so you can get back to building.

Our platform provides an integrated solution for your company's finances. We offer business banking through our partner banks, corporate cards, and automated bill pay to help you manage your funds efficiently.

FAQs about Venture Capital Firms Focused on Real Estate Investment

How do I find real estate focused VC firms?

You can identify relevant firms by attending industry events, using professional networks, and reviewing specialized reports. Our guide is a great starting point for building your list of potential investors who understand the real estate technology space.

What is the difference between early-stage and late-stage real estate VC firms?

Early-stage firms fund companies with initial traction to help them grow, while late-stage firms support established businesses preparing for major scaling or an exit. Your company's maturity and revenue will determine the right fit for you.

What do pre-seed real estate VC firms look for?

Pre-seed firms primarily focus on your team's strength, the size of your target market, and the clarity of your vision. They invest in your potential to solve a significant problem, often before you have a finished product.

Are most real estate technology venture capital firms in New York or California?

While major hubs like New York and California host many leading firms, you can find real estate focused investors across the country. Our list includes firms from various locations, showing a broad geographic interest in property technology.

Are there real estate venture capital firms in Austin, TX?

Yes, Austin is a growing hub for technology and has a developing venture capital scene. While many top PropTech investors are in larger financial centers, you can find local and national firms with a presence in the area.

How can I manage my funding after a successful raise?

Once your round closes, managing capital effectively is key. Our platform helps you set up business banking, corporate cards, and automated payments in one place. Get started with Rho to manage your new funds with precision.