Top 5 Venture Capital Firms for PropTech Startups

If you're a founder preparing to raise capital, finding the right investors is about more than just the money. You need partners who truly understand the property technology space. Knowing which venture capital firms specialize in PropTech, or real estate tech, helps you focus your efforts on the conversations that matter most.

To help you prepare, our team at Rho has put together this overview of key VC firms active in the sector. Think of it as a starting point to identify the venture capital firms that align with your company's vision and funding needs.

Rho provides access to business banking, corporate cards, and bill pay — built for startup teams moving fast.

Key Takeaways

• For PropTech startups, securing venture funding provides not only capital for growth but also strategic partnership from investors who have deep expertise in the real estate technology market.

• Venture capital firms with a specific focus on property technology include top players like 1984 Ventures, Shadow Ventures, Nine Four Ventures, and LAB Ventures, all notable backers of startups in this sector.

• Once you close a funding round, Rho helps you manage your new capital with integrated tools for business banking, corporate cards, and bill pay, all from a single platform.

Which VC Firms in PropTech Are Right for Your Stage?

Whether your company is in its early stages or preparing for an exit, knowing which investors to approach is critical. Here is a quick overview of several PropTech VC firms and the stages at which they invest.

Pre-seed and Seed VC Firms in PropTech

This is the earliest funding stage, where you're typically developing an initial product and finding your first customers. For founders at this stage, property technology venture capital firms like 1984 Ventures and Shadow Ventures are key players, and LAB Ventures is another notable firm that also operates as a startup studio.

Early Stage VC Firms in PropTech

Early-stage funding, which includes Series A and Series B rounds, is for startups with proven traction that need capital to scale operations and grow the team. Some early stage VC firms that invest in PropTech include Chicago-based Nine Four Ventures, while San Francisco's 1984 Ventures and Atlanta's Shadow Ventures are also active at this stage.

Late Stage VC Firms in PropTech

Late-stage rounds are for established companies looking to expand into new markets, make acquisitions, or prepare for an IPO. While many firms focus on earlier rounds, corporate venture capital arms like JLL Spark are active in late-stage PropTech investing.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

Keep in mind that some venture capital firms, such as JLL Spark, invest across multiple funding stages too.

To help you identify the right partners, here is a more detailed overview of several top VC firms that focus on property technology. We'll cover their typical investment stages, geographic focus, and what distinguishes each firm for founders like you.

1. 1984 Ventures

Based in San Francisco, 1984 Ventures is an early-stage firm that invests at the seed stage. They have a broad focus that includes PropTech, FinTech, and SaaS, backing companies since their founding in 2017.

The firm highlights portfolio companies that show exceptional growth, like the SMS marketing platform Postscript, which grew 100x since its seed round. They also have a record of successful exits, including the acquisition of the tech-enabled real-estate brokerage Properly.

This firm could be a strong partner if you are a seed-stage founder in one of their key industries, like PropTech or FinTech. They appear to favor companies with the potential for significant growth and market leadership.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: PropTech, FinTech, SaaS, e-commerce, and healthcare
• Geographical presence: San Francisco, California
• Founded year: 2017
• Notable portfolio companies: Properly, Postscript, BuildOps, Brace
• Number of investments: 114

You can refer to their website here.

2. Shadow Ventures

Based in Atlanta, Shadow Ventures is a venture capital firm that concentrates exclusively on technology for the built environment. Their focus is on startups innovating in sectors like construction and commercial real estate.

A unique aspect of the firm is its dual role as both a venture capital investor and an accelerator, suggesting a hands-on approach. Their portfolio includes high-profile companies like ICON, a 3D-printed construction unicorn, and they have a record of successful exits.

Shadow Ventures could be an excellent partner if you are an early-stage founder in the PropTech or construction tech space. Their accelerator model is particularly well-suited for teams seeking active guidance alongside capital.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: PropTech, Construction, Commercial Real Estate
• Geographical presence: Atlanta, Georgia
• Founded year: 2018
• Notable portfolio companies: ICON, InfoTycoon, OnScale, Local Logic
• Number of investments: 29

You can refer to their website here.

3. Nine Four Ventures

Based in Chicago, Nine Four Ventures is an early-stage venture capital fund that invests in companies modernizing the real estate, construction, and financial services industries.

The firm has a strong record of backing successful companies, including the smart-home platform SmartRent, which had a public exit, and unicorns like Built and AgentSync. This history points to a focus on businesses with significant scaling potential and clear market leadership.

Nine Four Ventures could be a great match if you are an early-stage founder in PropTech or FinTech with a proven product and are seeking a partner with a track record of guiding companies to major milestones.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: PropTech, Construction, FinTech, InsurTech, Real Estate
• Geographical presence: Chicago, Illinois
• Founded year: 2018
• Notable portfolio companies: SmartRent, Built, AgentSync, OpenSpace
• Number of investments: 41

You can refer to their website here.

4. LAB Ventures

Based in Miami, LAB Ventures is a PropTech-focused firm that functions as both a startup studio and an early-stage venture capital investor. Since 2016, they have been backing founders in the property technology and financial services sectors.

The firm’s dual model as an incubator and VC points to a hands-on approach, supporting companies from their earliest stages. Their portfolio includes notable companies like the resident-experience platform Alfred and the self-guided tour technology Tour24.

LAB Ventures could be a great fit for early-stage PropTech founders seeking active operational involvement alongside their funding. Their structure is well-suited for teams that value close partnership in building their business.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: PropTech, Financial Services
• Geographical presence: Miami, Florida
• Founded year: 2016
• Notable portfolio companies: Alfred, Tour24, Parcl, Swiftlane
• Number of investments: 28

You can refer to their website here.

5. JLL Spark

JLL Spark is the corporate venture capital division of JLL, a global leader in real estate services. Based in San Francisco, the firm is dedicated to transforming commercial real estate through strategic investments in technology.

As a corporate VC, JLL Spark offers startups more than just capital, providing access to JLL's extensive industry network. The firm invests across multiple stages and has backed companies like the prefab-home builder Veev and co-led a Series A for the access control platform SwiftConnect.

JLL Spark is an ideal partner for founders whose technology has clear applications in the commercial real estate sector. If your startup could benefit from a strategic relationship with an industry giant, this firm is worth a look.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

• Investment stages: Seed, Early Stage, and Late Stage Venture
• Industries of focus: PropTech, Real Estate, Building Material, Financial Services, Information Technology
• Geographical presence: San Francisco, California
• Founded year: 2017
• Notable portfolio companies: Veev, SwiftConnect, Re-Leased, Aunt Flow
• Number of investments: 67
• Investor type: Corporate Venture Capital

You can refer to their website here.

What This Tells Us About The VC Scene for PropTech Companies

This overview shows a clear trend: the majority of specialized PropTech investors are focused on the seed and early stages. For founders, this indicates a healthy environment for getting new ideas off the ground. The geographic diversity of these firms—from San Francisco to Miami—also suggests that you can find dedicated PropTech investors in major hubs across the country.

The variety in investor types is also notable. You have options ranging from traditional VCs to startup studios and corporate venture arms. This allows you to find a partner that offers the right kind of support for your company, whether it's operational guidance or direct access to a global real estate network.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

Raise Confidently with Rho

Having a focused list of relevant investors helps you direct your energy where it counts most. This preparation is key when your time and resources are limited during a fundraise.

When you close your round, Rho can help you set up your financial stack in minutes. Our goal is to get your new capital working for you without delay.

We provide integrated tools for business banking, corporate cards, and automated bill pay. This gives you a single platform to manage and deploy your funds efficiently.

FAQs about Venture Capital Firms Focused on PropTech

Are there real estate venture capital firms in Austin, TX?

Yes, Austin is a growing hub for technology and real estate innovation. While some larger firms have a presence, the city also has local and regional investors who are active in the PropTech and broader Texas startup community.

Which venture capital firms in New York focus on PropTech?

New York is a major center for both real estate and finance, attracting many VCs with a PropTech interest. Firms like Camber Creek, MetaProp, and Fifth Wall have strong presences and dedicated funds for real estate technology.

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

Early-stage investors typically want to see a strong founding team, a clear product-market fit, and initial customer traction. A scalable business model and a large addressable market are also critical factors for securing Series A funding.

Are there venture capital firms for construction tech startups?

Absolutely. Many PropTech investors, like Shadow Ventures and Nine Four Ventures, also focus on construction technology. This sector attracts significant investment due to its large market size and potential for modernization through software and new materials.

Are there European venture capital firms focused on PropTech?

Yes, the European PropTech scene is active, with notable VC firms in hubs like London, Berlin, and Paris. Investors such as A/O PropTech and Pi Labs are dedicated to funding real estate technology startups across the continent.

How can Rho help after I secure venture capital funding?

Once your round is closed, you can set up your financial operations on our platform. Rho provides integrated business banking, corporate cards, and automated payments to help you manage and deploy your new capital effectively.