VC fundraising for real estate software companies
PropTech funding has rotated through several cycles, with durable capital concentrated in software-plus-payments and software-plus-financial-services models. Residential property management, multifamily and short-term rental have attracted the most consistent investment, with capital actively avoiding the asset-heavy and transactional-brokerage end.
Investors are mostly PropTech-specialist seed and growth funds, fintech-leaning capital focused on payments and financial services attach, and selective corporate venture arms attached to real estate services and insurance groups. Flow has direct relationships with the PropTech specialists and the fintech-leaning funds that back the category.
Flow has experience running VC fundraising processes for real estate software companies across residential and multi-family property management, commercial real estate and brokerage, short-term rental, construction and project management, and resident services and lease-tech. Our extensive investor network spans early-stage seed funds, growth-stage investors, and strategic and corporate VC arms.
"Real estate software" KPIs VC investors look at
The metrics venture investors benchmark before pricing a round - in diligence, at the IC table, on the term sheet.
Subscription ARR
Doors / units under management
Payments revenue
Ancillary revenue
Payments penetration
Net retention
ARPU per door
Customer count
CAC payback
Software gross margin
Real estate software valuations in May 2026
Public real estate software comps trade at 2.4x EV/Revenue. Median revenue multiple across real estate software VC rounds was 5.2x in the last 12 months.
2.4x
Median EV/Revenue as of May 2026 for public real estate software companies
4.3x
CoStar Group is the highest valued public real estate software company based on EV/Revenue (excluding outliers)
2.8x
Median EV/Revenue across real estate software M&A deals in the last 12 months
5.2x
Median EV/Revenue across real estate software VC rounds in the last 12 months
Key recent real estate software VC rounds
$63M Series A raised by Cubby Storage was the largest real estate software VC round completed in the last six months.
See all real estate software VC rounds| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Jan-26 | C | Cubby Storage |  | Cubby Storage is a platform supporting self-storage facility owners and operators with operational tools and services. | Goldman Sachs Asset Management | $63M | - | Series A |
Dec-25 | PermitFlow | | PermitFlow is a San Francisco-headquartered YC W22 company automating construction permitting nationwide. Its platform covers permit research, application preparation, submission, and status tracking for builders across multiple municipalities and states, leveraging local expertise to cut processing times. | AccelAltos Ventures+4 | $54M | $500M | Series B | |
Feb-26 | Dwelly |  | Dwelly is a London-headquartered proptech firm that delivers an AI-driven platform for lettings and property management throughout the United Kingdom. The company integrates artificial intelligence to automate tenant sourcing, lease agreements, maintenance requests, and rent collection processes. Dwelly expands through strategic acquisitions of regional letting agencies such as Ellis & Co and Spicerhaart, incorporating over 200 branches into its network. This hybrid model combines traditional agency expertise with digital tools to serve landlords and tenants nationwide. Founded in 2017, Dwelly manages properties valued at billions in rental income annually across England, Scotland, and Wales. | Begin CapitalGeneral Catalyst+1 | $43M | - | Undisclosed stage | |
Apr-26 | True Footage | | True Footage is an Austin-based residential appraisal firm combining on-site inspections with AI-driven software for automated valuations. The company appraises 10,000 properties yearly across Texas markets using drone imagery and computer vision for interior measurements accurate to one square foot. Its platform integrates with lenders like Rocket Mortgage, cutting turnaround from 7 days to 24 hours while complying with USPAP standards. | Mockingbird Capital PartnersNava Ventures+6 | $40M | - | Series C | |
Nov-25 | Square Yards |  | Square Yards is a Gurgaon-headquartered proptech platform that facilitates real estate transactions, mortgages, rentals, and property management services across India, the UAE, Australia, and Canada. The company serves homebuyers, agents, developers, and banks through an integrated digital marketplace covering search, financing, interiors, and post-sale support. | Smilegate Investment | $35M | $935M | Undisclosed stage | |
Feb-26 | Ownwell | | Ownwell is a Texas-headquartered proptech company that assists property owners in lowering real estate ownership costs through property tax reduction services. The platform analyzes tax assessments using public records and appeals overassessments on behalf of clients, securing refunds averaging thousands of dollars. It serves residential and commercial owners across multiple U.S. states with automated tools and expert advocacy. | Alpha EdisonFirst Round Capital+6 | $30M | - | Series B | |
Mar-26 | Anori | | Anori is an AI platform from Alphabet's X that speeds housing and commercial development by handling architectural design, zoning, permitting, and project finance complexities. | Builders VenturesPrologis+1 | $26M | - | Seed | |
Feb-26 | OneDome | | OneDome is a London-headquartered online property transaction platform enabling end-to-end home buying and selling in the UK. Launched in 2019 following the acquisition of Nethouseprices.com, it integrated CMME Mortgages in 2022, one of the UK's largest brokers. The platform attracts nearly 3 million monthly visits, generating four property inquiries per minute, and connects users with agents, conveyancers, and lenders centrally. | Channel 4 Ventures | $25M | - | Series C | |
Jan-26 | Luxury Presence | | Luxury Presence is a Los Angeles-headquartered platform delivering custom websites, SEO services, and CRM integrations tailored for luxury real estate agents and brokerages. The company powers digital presences for more than 20,000 professionals, including partnerships with Compass, The Agency, and Sotheby's International Realty, driving billions in closed sales volume through lead generation and branding tools. Founded in 2016, Luxury Presence operates across North America with a focus on high-end residential markets. | Adam MillsBessemer Venture Partners+4 | $22M | - | Series C | |
Apr-26 | toggle |  | toggle is a Tokyo-based platform integrating social technology into real estate, construction, and finance sectors in Japan. It streamlines property transactions, project collaborations, and financing through digital tools tailored for developers, investors, and buyers. | Axiom Asia Private CapitalSPARX Asset Management | $21M | - | Series C | |
Apr-26 | Mosaic | | Mosaic is a Lima, Peru-based software platform offering digital deal modeling for mergers, acquisitions, and venture investments in Latin America. The tool automates financial projections, scenario analysis, and valuation models using templates compliant with IFRS standards. Mosaic serves private equity firms, family offices, and startups evaluating transactions in markets like Peru, Chile, and Colombia. | - | $18M | - | Undisclosed stage | |
Jan-26 | Cambio | | Cambio is a San Francisco-headquartered climate technology company that equips commercial real estate owners with software to track and reduce building carbon emissions. Founded in 2021, it analyzes facility data to recommend retrofits like HVAC upgrades and solar installations yielding both emissions cuts and energy savings. Cambio partners with property managers handling millions of square feet in portfolios across North America. Its platform integrates with existing building management systems for real-time decarbonization insights. | Adverb VenturesMaverick Ventures+2 | $18M | $100M | Series A | |
Feb-26 | Zero Homes | | Zero Homes operates a digital platform for residential electrification, enabling remote home assessments via mobile app, customized designs for heat pumps, EV chargers, and electrical upgrades, along with contractor coordination and rebate assistance. | Exelon FoundationFJ Labs+5 | $17M | - | Series A | |
Feb-26 | Safqah Capital |  | Safqah Capital is a Riyadh-headquartered fintech and proptech firm structuring Sharia-compliant Sukuk for real estate developers via a digital platform. | 500 GlobalANB Capital+10 | $15M | - | Seed | |
Jan-26 | Alfred | | Alfred is a residential management platform serving over 300,000 units in 44 cities across the US and Canada since 2014. The AOS technology handles leasing, maintenance, and amenities to cut costs for owners. Alfred partners with Hines, Related, Greystar, Invesco, Brookfield, and J.P. Morgan for multifamily properties with expansions planned to Europe, Israel, and Asia. | BH DigitalF-Prime+1 | $15M | - | Series A |
VC investors active in real estate software
Y Combinator is the most active VC investor across real estate software, having invested in 28 startups in the last three years.
See all real estate software VCs| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Y Combinator | | Y Combinator is a San Francisco-headquartered startup accelerator that funds and mentors early-stage technology companies across sectors like software, biotechnology, and fintech. Since its inception in 2005, it has propelled alumni including Airbnb, Dropbox, and Stripe through intensive three-month programs featuring Demo Days and investor networks. | AutoSituCambioAlt-X+2 | 28 | Pre-seed | |
Antler |  | Antler is a Singapore-headquartered global venture capital firm founded in 2017 that invests in early-stage tech companies. It operates day-zero programs in 27 cities, backing 1,000+ startups with $100 million deployed annually across AI, fintech, and sustainability. Portfolio includes unicorns like Hold One and Tiqets, with a network of 3,000 mentors and 700+ investors for follow-ons. | Plaza AnalyticsxBitesHomebase+2 | 17 | Pre-seed | |
Techstars | | Techstars is a Boulder-headquartered global network founded in 2006 that operates over 50 accelerators annually across 15 countries. It invests $120,000 in exchange for 6 percent equity in 500 startups yearly, spanning AI, sustainability, and healthcare. The firm manages a venture fund deploying capital into alumni companies and runs corporate partnerships with brands like Amazon and Barclays for innovation pilots. Techstars portfolio exceeds 3,500 companies valued over $15 billion collectively. | Smart BricksKindredGoby Homes+2 | 10 | Pre-seed | |
MetaProp | | MetaProp is a New York-based venture capital firm specializing in PropTech across the real estate value chain. The firm has backed over 175 companies since 2015, managing funds with access to 20 billion square feet of real estate for pilots. It runs the MetaProp Accelerator at Columbia University and hosts NYC Real Estate Tech Week globally. | Pest ShareAdaptis100+2 | 9 | Series A | |
FJ Labs | | FJ Labs is a New York-headquartered venture capital firm backing seed and Series A marketplaces and consumer internet companies. Its portfolio spans global leaders like Alibaba, Despegar, and Zola, with investments deployed across North America, Latin America, and Europe. | FreemodelZero HomesPropmind+2 | 7 | Series A | |
RET Ventures | | RET Ventures is a seed-stage venture capital fund headquartered in Washington, D.C., specializing in proptech investments for the multifamily and single-family rental sectors across North America. Established in 2012 by the National Multifamily Housing Council and other industry leaders, it manages over $100 million in assets from limited partners who control nearly one million rental units. The fund has backed 40 companies, including DoorLoop and Procore, providing entrepreneurs access to operational expertise, pilot opportunities, and a network spanning 500,000 properties to accelerate growth. | OurPetPolicyBillee TechnologiesTour24+2 | 7 | Series B | |
Andreessen Horowitz | | Andreessen Horowitz is a Menlo Park-headquartered venture capital firm founded in 2009 that targets seed through late-stage investments in software infrastructure, consumer internet, enterprise applications, fintech, cryptocurrency, and biohealthcare. The firm has backed Airbnb, Coinbase, GitHub, Lyft, and Stripe, maintaining offices in San Francisco and Santa Clara. | Smart BricksFlyhomesAirGarage+2 | 6 | Pre-seed | |
Right Side Capital Management | | Right Side Capital Management is a quantitative pre-VC investment firm targeting capital-efficient tech startups. Operating from the US, it focuses on seed rounds under $500K in sectors like SaaS and fintech. Since 2012, the firm has built diversified portfolios using data-driven processes. Managing directors, experienced founders from the 1990s tech era, provide operational support structured like a startup funding others. | CityzoneCoast AIDigsFact+2 | 6 | Pre-seed | |
1Sharpe Ventures | | 1Sharpe Ventures is a venture capital firm that invests in early-stage proptech startups revolutionizing real estate experiences, ownership, and investment processes. The New York-based firm backs companies developing platforms for flexible living spaces, data-driven property analytics, and tokenized real estate assets. Its portfolio includes Placemakr for hospitality-enabled apartments, HelloData for multifamily investment intelligence, and Quantierra for home search technology. Founded in 2021 by former Fifth Wall executive Billy Sharpe, the firm targets scalable businesses addressing market inefficiencies in residential and commercial sectors across the United States. | CadastralLastroMaxHome+2 | 5 | Seed | |
Shadow Ventures | | - | Track3DMagicDoorLocal Logic | 5 | Seed |
Founders and investors we've worked with
We've supported winning builders across real estate software and beyond.
Ziik
We acted as fundraising advisor to Ziik, a Copenhagen-based all-in-one social intranet and internal communication SaaS platform, on its growth funding round.
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Sentryc
We led the capital raising process for Sentryc, a Berlin-based AI-driven brand protection and IP software provider, on its growth round led by Seventure Partners.
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Picus Security
We advised PE firm Turkven on its $24m Series B investment into Picus Security, an Istanbul-based breach and attack simulation (BAS) cybersecurity platform.
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sevDesk
We advised New York-based crossover investor Arena Holdings on its €50m growth investment into sevDesk, a leading German cloud-native accounting platform for SMEs and freelancers.
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Orka
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
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