Top 6 Venture Capital Firms For Commercial Real Estate Startups

If you're a founder in the Commercial Real Estate or PropTech space, preparing to raise capital means knowing which investors truly understand your business.

To help you find the right partners, our team has put together this overview of top real estate tech venture capital firms. This guide is designed to help you quickly identify the most relevant investors for your startup, whether you're actively fundraising or planning your next round.

Actively raising? You can now access non-dilutive funding options like venture debt and credit lines through Rho Capital. Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy capital efficiently.

Key Takeaways

• Securing venture funding provides startups in the Commercial Real Estate sector with the capital and strategic support needed for growth and product development.
• Top VCs active in Commercial Real Estate tech include Second Century Ventures, Camber Creek, Ben Franklin Technology Partners of Southeastern Pennsylvania, and MetaProp, known for backing innovative startups in the industry.
• Once you close a funding round, Rho helps you manage the new capital with integrated business banking, corporate cards, and automated bill pay.

Which VC Firms in Commercial Real Estate Are Right for Your Stage?

Knowing which investors to approach is critical at every stage, from your first round to a potential exit. Below is a quick look at active VC firms in Commercial Real Estate tech, organized by the stage where they typically invest.

Pre-seed and Seed VC Firms in Commercial Real Estate

Pre-seed and seed funding is the first institutional capital you'll raise, used to build your minimum viable product and find initial market fit. For founders in commercial real estate, key proptech VC firms at this stage include Shadow Ventures, MetaProp, and Ben Franklin Technology Partners of Southeastern Pennsylvania.

Early Stage VC Firms in Commercial Real Estate

Early-stage funding, like Series A and B, helps companies with a proven product scale operations and accelerate growth. Prominent real estate venture capital firms active here include Chicago-based Second Century Ventures and Camber Creek.

Late Stage VC Firms in Commercial Real Estate

Late-stage venture capital supports established companies as they prepare for major expansion, acquisitions, or a potential exit. Investors like Ruttenberg Gordon Investments and Second Century Ventures often lead these larger rounds for mature businesses.

It's also worth noting that some versatile VC firms invest across all startup funding stages too.

To help you identify the right partners, here is a closer look at the top VC firms active in the Commercial Real Estate sector. We've included key details about their investment stages, location focus, and what makes each firm distinct for founders.

1. Second Century Ventures

Based in Chicago, Second Century Ventures is a corporate venture capital fund focused on advancing the real estate industry through technology. Since 2009, they have backed companies that are building new solutions for the property sector.

The firm invests across a company's full lifecycle, from early-stage rounds to late-stage growth capital. Their portfolio demonstrates a strong focus on prop-tech, with notable investments including the e-signature leader DocuSign and AI-driven data company Local Logic.

SCV is an ideal partner for founders developing technology for the real estate, financial services, or smart home industries. Their broad investment mandate suits companies seeking capital from early stages through to later growth rounds.

• Investment stages: Convertible Note, Early Stage Venture, Late Stage Venture
• Industries of focus: Commercial Real Estate, Financial Services, Smart Home
• Geographical presence: Based in Chicago, Illinois
• Founded: 2009
• Notable portfolio companies: DocuSign, HonestDoor, Local Logic, RentMoola
• Portfolio size: Over 200 investments
• Investor type: Corporate Venture Capital, Venture Debt

You can refer to their website here.

2. Camber Creek

Camber Creek is a venture capital firm providing both capital and advisory support to companies in the real estate technology space. Based in Rockville, Maryland, they have been an active investor since 2009, focusing on innovations that shape how we interact with property.

The firm invests across multiple stages, from seed to late-stage venture, showing a commitment to supporting companies throughout their lifecycle. Their portfolio includes notable successes like Latch, a smart-lock platform that went public, and Arcadia, a utility-data platform that reached unicorn status.

This makes Camber Creek an ideal partner for founders building technology for the commercial real estate, retail, or smart home sectors. Once you secure funding from a partner like them, Rho’s integrated platform helps you manage the capital with business banking, corporate cards, and automated AP.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Commercial Real Estate, Retail Technology, Smart Home, Financial Exchanges
• Geographical presence: Based in Rockville, Maryland
• Founded: 2009
• Notable portfolio companies: Latch, Arcadia, Clearedge3D, 42Floors, Parkifi
• Portfolio size: 72 investments

You can refer to their website here.

3. Ben Franklin Technology Partners of Southeastern Pennsylvania

Ben Franklin Technology Partners of Southeastern Pennsylvania is a long-standing investor that supports technology-based economic development. Since 1982, the Philadelphia-based firm has provided capital and support to promising startups in the region.

The firm uniquely combines venture capital with accelerator programs and grant funding, focusing on seed and early-stage companies. Their portfolio highlights a significant exit with the healthcare payments network InstaMed, which was acquired by JPMorgan Chase.

This makes them a strong partner for early-stage founders, particularly those in the greater Philadelphia area, building companies in sectors like commercial real estate and financial services. Once you secure early-stage capital, Rho’s platform helps you manage it with integrated banking, corporate cards, and AP automation.

• Investment stages: Seed, Early Stage Venture, Grant
• Industries of focus: Commercial Real Estate, Financial Services, Government, News, Venture Capital
• Geographical presence: Based in Philadelphia, Pennsylvania
• Founded: 1982
• Notable portfolio companies: InstaMed, Strados Labs, Navrogen
• Portfolio size: 232 investments
• Investor type: Accelerator, Venture Capital

You can refer to their website here.

4. MetaProp

MetaProp is a New York-based venture capital firm focused exclusively on the PropTech industry. Since 2015, they have become a leading investor for startups building new technologies for the real estate sector.

The firm invests from seed to late-stage and runs an accelerator, showing a commitment to supporting companies at every step. Their portfolio highlights this focus, with notable investments in companies like HqO, a workplace-experience platform, and an exit with Blueprint Power, which was acquired by BP.

This makes MetaProp an ideal partner for founders building technology for any part of the real estate market, from commercial properties to home construction. If you're looking for non-dilutive financing to extend your runway before your next equity round, Rho Capital can connect you with venture debt and other funding options.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Commercial Real Estate, Real Estate, Venture Capital
• Geographical presence: Based in New York, New York
• Founded: 2015
• Notable portfolio companies: HqO, Saltbox, Ergeon, VergeSense, Blueprint Power
• Portfolio size: 177 investments
• Investor type: Accelerator, Venture Capital

You can refer to their website here.

5. Shadow Ventures

Based in Atlanta, Shadow Ventures is a venture capital firm focused on technology for the built environment. Since its founding in 2018, the firm has concentrated on startups bringing new solutions to the construction and commercial real estate industries.

The firm operates as both a venture capital investor and an accelerator, primarily targeting seed and early-stage companies. Their portfolio includes the 3D-printed construction unicorn ICON and successful exits like InfoTycoon, showing a strong record in their specific niche.

Shadow Ventures is a great match for early-stage founders building technology for the construction or property sectors. If you're seeking non-dilutive financing to complement your equity round, Rho Capital can connect you with venture debt and other tailored funding options.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Commercial Real Estate, Construction, PropTech, Financial Services
• Geographical presence: Based in Atlanta, Georgia
• Founded: 2018
• Notable portfolio companies: ICON, InfoTycoon, OnScale, Local Logic, Occuspace
• Portfolio size: 29 investments
• Investor type: Accelerator, Venture Capital

You can refer to their website here.

6. Ruttenberg Gordon Investments

Ruttenberg Gordon Investments is a New York-based family investment office that has been active since 2013. The firm specializes in both equity and debt investments across real estate, private equity, and growth equity.

The firm invests across the full company lifecycle, from seed rounds to late-stage private equity, offering flexible, long-term capital. Their portfolio includes high-profile tech companies like DraftKings, Snap, and Spotify, signaling a focus on high-growth businesses beyond just real estate.

Ruttenberg Gordon is a good match for founders seeking a versatile capital partner for the long haul, especially those building companies with the potential for significant scale. Once you secure funding, Rho’s integrated platform helps you manage the capital with business banking, corporate cards, and automated AP.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Private Equity, Convertible Note
• Industries of focus: Commercial Real Estate, Venture Capital
• Geographical presence: Based in New York, New York
• Founded: 2013
• Notable portfolio companies: DraftKings, Snap Inc., Spotify, Boom Supersonic, Scale AI
• Portfolio size: 97 investments
• Investor type: Family Investment Office, Private Equity Firm, Venture Capital

You can refer to their website here.

What This Tells Us About The VC Scene for Commercial Real Estate Companies

For founders in commercial real estate tech, the funding environment offers a healthy mix of opportunities. The firms listed show strong support across all funding stages, from initial seed capital to later growth rounds. This means you can find partners prepared to back you at different points in your company's lifecycle.

These investors are also geographically diverse, with a notable presence in major East Coast and Midwest hubs. The variety extends to investor types, including traditional VCs, accelerators, and corporate funds. As you plan your funding strategy, remember that equity isn't the only path. Rho Capital can connect you with non-dilutive financing, helping you access capital that fits your business model without chasing lenders.

Raise Confidently with Rho

When you're fundraising, your time and energy are limited. A focused list of relevant investors helps you direct your efforts where they will have the greatest impact.

If you’re seeking funding, Rho Capital connects you to non-dilutive options like venture debt and credit lines through a fast, guided process. We help you access financing tailored to your business without having to chase lenders.

Once your capital is secured, our integrated platform helps you manage it effectively. Rho provides the business banking, corporate cards, and automated bill pay you need to deploy funds efficiently.

FAQs about Venture Capital Firms Focused on Commercial Real Estate

Which US cities are hubs for real estate venture capital firms?

Major tech hubs like New York, the Bay Area, and Chicago have a high concentration of proptech investors. However, many firms invest nationally, so your location doesn't limit your ability to secure funding from top-tier partners.

What do early-stage real estate VC firms look for in a startup?

Early-stage investors typically want to see a strong founding team, a clear product-market fit, and initial customer traction. They are backing your vision and your ability to execute on it and scale the business effectively.

Are there many real estate venture capital firms in Texas?

Yes, Texas, particularly Austin, is a growing hub for technology and has a number of venture capital firms interested in real estate tech. Many national firms also actively seek investment opportunities with startups based in the state.

How can my startup prepare for due diligence with a VC firm?

Prepare a comprehensive data room with your financials, legal documents, cap table, and key metrics. Having organized records not only speeds up the process but also demonstrates that you run a professional and well-managed operation.

How can I get funding for my real estate tech startup without giving up equity?

If you need capital without dilution, non-dilutive financing is a great option. Rho Capital connects you with venture debt and credit lines tailored to your business, helping you extend your runway and grow on your terms.