Top 5 Venture Capital Firms for PropTech Startups

For founders in the property technology space, knowing which investors are active is a critical first step when preparing to raise capital. Approaching the right venture capital firms—those who understand the nuances of real estate tech—can significantly affect your fundraising outcome.

To help you find the right partners, our team at Rho has put together this overview of top PropTech venture capital firms. This guide is designed to give you a quick summary of relevant investors, whether you're looking for early-stage or late-stage VC firms.

Actively raising? You can now access non-dilutive funding options like venture debt and credit lines through Rho Capital. Rho also provides access to business banking, corporate cards, and bill pay—built for startup teams moving fast.

Key Takeaways

• For a PropTech startup, securing venture funding provides the necessary capital to scale operations, refine technology, and gain a stronger foothold in the market.

• Firms like 1984 Ventures, Shadow Ventures, Nine Four Ventures, and LAB Ventures are notable backers in the property technology sector, actively investing in promising startups.

• Once you've raised a round, Rho helps you manage your new capital with integrated tools for business banking, corporate cards, and bill pay.

Which VC Firms in PropTech Are Right for Your Stage?

From your first seed round to a potential exit, knowing which investors to approach makes all the difference. Here’s a summary of active PropTech venture firms, organized by their typical investment stage.

Pre-seed and Seed VC Firms in PropTech

Pre-seed and seed funding is the earliest capital you'll raise, typically used to develop your initial product and find your first customers. Several real estate technology venture capital firms focus on this stage, including Atlanta-based Shadow Ventures and Miami's LAB Ventures, while San Francisco's 1984 Ventures also actively writes first checks.

Early Stage VC Firms in PropTech

Early-stage rounds, such as Series A and B, are for startups with established product-market fit that need capital to scale their teams and accelerate growth. For founders in this phase, firms like Chicago's Nine Four Ventures are key players, and corporate VCs like JLL Spark also provide early-stage capital to promising PropTech companies.

If you're looking for alternatives to equity financing, Rho Capital can also connect you with non-dilutive funding like venture debt to extend your runway without giving up more of your company.

Late Stage VC Firms in PropTech

Late-stage funding supports more mature companies as they expand into new markets, make strategic acquisitions, or prepare for an exit. While many PropTech investors concentrate on earlier rounds, corporate venture capital firms like JLL Spark are active in late-stage deals, often helping portfolio companies prepare for an IPO or acquisition.

Keep in mind that some venture capital firms invest across multiple stages, supporting companies from their seed round through to later growth phases.

To help you identify the right partners, here is a more detailed overview of top VC firms investing in property technology. We've summarized their investment stages, geographic focus, and what makes each firm distinct for founders like you.

1. 1984 Ventures

Based in San Francisco, 1984 Ventures is a micro-VC firm that writes first checks for early-stage companies. They actively invest in several sectors, including PropTech, FinTech, and SaaS.

The firm has a strong record of portfolio success, with notable exits like the real estate brokerage Properly and mortgage-servicing platform Brace. They also back high-growth companies, such as the SMS marketing platform Postscript.

Founders at the seed stage seeking a hands-on partner with a clear path to growth may find a good match here. Once you secure that first check, our team at Rho can help you manage your new capital with integrated tools for banking, cards, and payments.

• Investment stages: Seed and early-stage venture
• Industries of focus: PropTech, FinTech, SaaS, and consumer
• Geographical presence: San Francisco, California
• Founded year: 2017
• Notable portfolio companies: Properly, Brace, Postscript, BuildOps
• Portfolio size: Over 100 investments

You can refer to their website here.

2. Shadow Ventures

Based in Atlanta, Shadow Ventures is a venture capital firm that invests exclusively in technology for the built environment. They focus on startups bringing innovation to industries like construction and commercial real estate.

The firm’s deep specialization is a key differentiator, as they back companies from their earliest stages with focused support. Their portfolio includes the 3D-printed construction unicorn ICON and has seen successful exits like the property-inspection platform InfoTycoon.

This makes them an ideal partner for early-stage founders building technology for the physical world who want an investor with deep industry knowledge. Once you secure that seed funding, our team at Rho can help you manage it with integrated banking and spending tools.

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

You can refer to their website here.

3. Nine Four Ventures

Nine Four Ventures is a Chicago-based firm that invests in early-stage companies at the intersection of real estate, construction, and financial technology. They focus on providing seed and venture funding to startups building new solutions in these established industries.

The firm is known for backing high-growth companies, with two unicorns in its portfolio: construction-finance platform Built and insurance-compliance software AgentSync. They also have a record of successful exits, including the IPO of smart-home company SmartRent.

This makes Nine Four a strong potential partner for founders with a clear vision for scaling in PropTech or related sectors. Once you secure your funding, our team at Rho can help you manage your new capital with integrated banking and spending tools.

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

You can refer to their website here.

4. LAB Ventures

Miami-based LAB Ventures is a venture capital firm and startup studio that invests in early-stage PropTech companies. The firm provides both capital and hands-on support to help founders build their businesses from the ground up.

A key aspect of their model is the combination of a startup studio with a traditional VC, suggesting a hands-on approach to company building. Their portfolio includes notable companies like resident-experience platform Alfred and self-guided tour provider Tour24.

This firm is a good fit for early-stage founders in the PropTech space who value active, operational support alongside their initial funding. Once you secure that investment, our team at Rho can help you manage your new capital with integrated banking and spending tools.

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

You can refer to their website here.

5. JLL Spark

JLL Spark is the corporate venture capital division of JLL Technologies, committed to advancing the commercial real estate industry through technology investments. The firm supports innovation in property technology by providing both capital and strategic support to promising startups.

As a corporate VC, JLL Spark offers unique access to a global real estate portfolio, giving its companies a significant advantage. It invests across all stages and has backed high-growth companies like prefab-home builder Veev and access-control platform SwiftConnect.

The firm is an excellent match for founders whose products can be implemented across commercial properties, as JLL Spark provides a direct path to market validation and scale. Once you secure strategic funding, our team at Rho can help you manage it with integrated banking and spending tools.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Convertible Note

• Industries of focus: PropTech, Real Estate, Financial Services, Information Technology

• Geographical presence: San Francisco, California

• Founded year: 2017

• Notable portfolio companies: Veev, SwiftConnect, Aunt Flow, Re-Leased

• Portfolio size: 67 investments

You can refer to their website here.

What This Tells Us About The VC Scene for PropTech Companies

This overview shows a varied group of investors active in property technology. The geographic diversity, with firms in San Francisco, Atlanta, Chicago, and Miami, suggests that you don't need to be in one specific city to find a partner who understands the space.

The majority of these firms concentrate on pre-seed, seed, and early-stage rounds, which is good news if you're just getting started. For companies approaching later stages, the field of specialized investors narrows, and corporate VCs or generalist funds often become more relevant partners.

As you plan your fundraising strategy, remember that equity isn't the only path. Rho Capital can connect you with non-dilutive options like venture debt to extend your runway. Once you secure funding, our integrated platform helps you manage that new capital with tools for banking, corporate cards, and bill pay.

Raise Confidently with Rho

When you're raising capital, your time is one of your most valuable resources. A focused list of relevant investors helps you direct your energy where it 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 model without giving up additional equity.

Once your funding is secured, our integrated platform provides the tools you need to succeed. Manage and deploy your new capital efficiently with our business banking, corporate cards, and automated bill pay.

FAQs about Venture Capital Firms Focused on PropTech

Are there many PropTech venture capital firms in New York?

New York is a key hub for both real estate and finance, attracting numerous venture capital firms. You'll find a mix of specialized PropTech investors and generalist VCs with an interest in funding real estate technology companies.

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

Early-stage VCs typically want to see a strong founding team, a clear product with initial market traction, and a large addressable market. Demonstrating early customer adoption and a solid business model is key to securing funding.

How do I find real estate venture capital firms in Austin, TX?

To find investors in Austin, attend local tech and real estate events, connect with other founders for introductions, and use industry databases. Many firms active in the area have a strong interest in emerging technology sectors like PropTech.

Should I approach a specialized PropTech VC or a generalist firm?

A specialized PropTech VC offers deep industry knowledge and relevant connections. A generalist firm may provide a broader network and different perspectives. Consider which type of support will be most valuable for your company's specific growth plans.

What are the benefits of non-dilutive funding for a PropTech company?

Non-dilutive funding, like venture debt, allows you to extend your runway and hit key milestones without giving up more equity. Rho Capital can connect you to financing options tailored to your business model, helping you grow on your terms.

How can Rho help my startup after I raise a round?

Once you've secured funding, our integrated platform helps you manage and deploy your new capital efficiently. With business banking, corporate cards, and automated bill pay in one place, you can focus on building. Get started with Rho.