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 $6M Series A in February 2016. Real helps real estate agents break away from brokerages. Check out the full top 10 list below.
|10 Early-Stage Real Estate Tech Startups To Watch|
|Company||Last Funding (Month/Year)||Total Disclosed Funding ($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|
Want more real estate tech data? Check out our venture capital database below.