All these companies — including RadPad and Nestpick — have raised in the last 9 months, and have less than $17M in total funding.
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|
Want more real estate tech data? Check out our venture capital database below.
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity