2015 was a high-water mark for real estate tech startups, which raised $1.7B in funding. The industry is maturing quickly, with a flurry of deals this year. In Q1’16, we’ve seen several early-stage companies advance into mid-stage funding rounds. For example, in February 2016 RealtyShares and NoBroker raised Series B rounds of $20M and $10M, respectively.
We used the CB Insights Mosaic algorithm, which provides predictive analytics on the health of private companies, to assess early-stage startups in the space (Series A or seed/angel companies). The list of companies below have raised financing in 2015 or 2016 year-to-date, have less than $17M in total funding, and show other positive metrics, including jobs data or recent news mentions, among other signals parsed by Mosaic.
Among the high-momentum startups on our list is mobile rental marketplace RadPad which has raised more than $16M in funding to date, making it the most well-funded company on our list. Property asset management platform Rentlytics, along with Nestpick (a platform for students and young people to find rentals), round out our top 3 on the list, which ranks the startups by total disclosed funding. Other notable startups on the list include Real, which raised a $6M Series A in February 2016. Real helps real estate agents break away from brokerages. Check out the full top 10 list below.
| Company | Last Funding (Month/Year) | Total Disclosed Funding ($M) | Select Investors |
|---|---|---|---|
| Radpad | 4/22/2015 | $16.2 | Deep Fork Capital, Altpoint Ventures, and Goldcrest Investments, Post Investment Group |
| Rentlytics | 1/14/2016 | $13.3 | Rincon Venture Partners, Grey Wolf, and Walker & Dunlop |
| Nestpick | 2/17/2016 | $13.0 | Rocket Internet and Target Global |
| Nestio | 12/1/2015 | $11.8 | David Cohen, Freestyle Capital, Joanne Wilson, Mike Lazerow, and Trinity Ventures |
| Cozy Services | 5/6/2015 | $9.9 | General Catalyst Partners, Google Ventures, and Social Capital |
| Real | 2/22/2016 | $6.0 | Magma Venture Partners |
| Roostify | 11/5/2015 | $5.2 | Wells Fargo Startup Accelerator, Colchis Capital, and USAA |
| ResiModel | 1/13/2016 | $4.0 | Axiometrics, Bob White, Kevin Quinn, Kurt Roeloffs, Leading Edge Ventures and Osage Partners |
| HeyPillow | 11/19/2015 | $3.0 | Hampton Capital |
| Voyajoy | 1/28/2016 | $0.1 | 500 Accelerator |
| Revaluate | 12/3/2015 | $0.1 | Boomtown Accelerator |
Want more real estate tech data? Check out our venture capital database below.
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