News & Analysis

The US real estate market is booming—and so is the real estate tech industry.

In 2008, businesses in the real estate tech space in the US brought in a total of $41 million across just seven deals, according to the PitchBook Platform. Contrast those numbers with what's happening a decade later: So far in 2018, companies in the category have raised a total of $1.3 billion across 73 deals—and there are still four months left in the year.

Real estate tech is a broad sector, covering a wide spectrum of companies. Businesses in the space include those that provide buying and selling services, like Opendoor and Roofstock, as well as housing rental platforms such as Apartment List and VeryApt, along with many other types of companies that support the larger real estate industry.

Both total venture capital invested and deal count in the space peaked in 2017, with $5.36 billion across more than 100 deals. About $4 billion of that went into two supremely valuable, high-profile companies: Co-working giant WeWork raised a $3 billion round, and vacation rental behemoth Airbnb took in more than $1 billion.

But while SoftBank led the massive round for WeWork and Google, along with Technology Crossover Ventures, took the lead for Airbnb’s fundraise, none of those three are on the list of most active real estate tech investors. We've used PitchBook data to take a look at the top investors in US-based real estate tech companies since the beginning of 2008, complete with their deal counts:
 

• 500 Startups (28)
• Thrive Capital (20)
• Founders Fund (16)
• Y Combinator (15)
• MetaProp NYC (15)
• General Catalyst (14)
• Greylock Partners (14)
• Khosla Ventures (14)
• Felicis Ventures (13)
• Andreessen Horowitz (12)
• SV Angel (12)
• Navitas Capital (11)
• Resolute Ventures (11)
• Right Side Capital Management (11)

 

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