All the fundraising deals in the Prop Tech market (from Q2 2025 to Q2 2026)
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Prop Tech startups announced 56 funding rounds worth $1.74 billion between Q2 2025 and Q2 2026.
Property management companies received most of the capital, helped by several large growth investments.
Q1 2026 recorded the most deals, while Q2 2026 marked a clear return to smaller early-stage rounds.
And if you want to better understand this new industry, you can download our pitch covering the Prop Tech market.
Insights
- Prop Tech startups raised $1.74 billion across 56 rounds, but four large investments represented about 60% of all funding.
- Property management companies captured 60.6% of Prop Tech funding because their software supports essential and recurring workflows.
- Q1 2026 produced 23 Prop Tech deals, more than twice the number announced in any other quarter.
- Mews represented 56.9% of Q1 2026 funding, so the quarter’s record total depended heavily on one $300 million round.
- Q2 2026 funding fell to $48.91 million, although eight new deals showed that early-stage Prop Tech activity remained active.
- The average Prop Tech round fell from $70.08 million in Q2 2025 to $6.11 million in Q2 2026.
- Prop Tech investors increasingly backed AI products for leasing, property management, underwriting, document analysis and building controls.
- Regional Prop Tech platforms remained attractive when products solved local problems in MENA, Europe, India, Brazil and North Africa.
- Only four confirmed investors joined more than one deal, which shows how fragmented the disclosed Prop Tech investor base remained.
- Property management, transactions and property operations attracted $1.29 billion, equal to almost three quarters of total Prop Tech funding.
This market map, featured in our Prop Tech market deck, highlights top companies and startups in the proptech market
Summary table of the funding deals in the Prop Tech market (last 5 quarters)
We define PropTech as technology products that materially improve how real-estate assets are operated, managed, leased, or transacted.
We include software, data, and connected systems used by owners, operators, property managers, brokers, and occupiers across operations, leasing, sales, and asset-level decision-making.
We exclude construction technology, general-purpose fintech or insurtech not specific to real estate, and consumer smart-home electronics that are not tied to operating or transacting a property.
You can also read our detailed analysis to understand how funding activity in the Prop Tech market has evolved over the last few years.
Also, you should know that we have a dedicated page, updated weekly, with all the latest fundraising deals in the Prop Tech market.
| Name | What they do | Amount in $ | Quarter |
|---|---|---|---|
| Nawy | Runs a MENA residential brokerage, listings, investment and property-management platform. | $52M | Q2 2025 |
| Entrata | Provides leasing, payments and property-management software for North American multifamily operators. | $200M | Q2 2025 |
| Wander | Operates technology-managed luxury vacation rentals through its WanderOS platform. | $50M | Q2 2025 |
| Runwise | Uses connected controls to reduce building heating costs, energy use and emissions. | $30M | Q2 2025 |
| aedifion | Uses AI software to monitor and optimize commercial-building systems. | $18.4M | Q2 2025 |
| Huspy | Provides technology for real-estate agents, mortgage brokers and homebuyers. | $59M | Q3 2025 |
| Buena | Combines AI property-management software with acquisitions of traditional German managers. | $58M | Q3 2025 |
| EliseAI | Automates housing leasing, resident communication and property-management workflows with AI. | $250M | Q3 2025 |
| MagicDoor | Automates leasing, payments, maintenance and tenant communication for independent landlords. | $4.5M | Q3 2025 |
| PredictAP | Automates invoice processing and accounting workflows for real-estate finance teams. | $5M | Q3 2025 |
| Cohabit | Manages compliance, records and building information for Australian strata committees. | $1M | Q3 2025 |
| Lumoview | Captures building data and creates floor plans, models and asset records. | $3.2M | Q3 2025 |
| Danim | Creates automated property-marketing videos for European real-estate agents. | $2.2M | Q3 2025 |
| TwinKnowledge | Provides building data and decision tools for European real-estate assets. | $3.7M | Q3 2025 |
| Rentify | Provides rental management and rent-collection software for landlords. | $0.5M | Q3 2025 |
| SCALARA | Provides digital property management and accounting for German residential buildings. | $3.2M | Q3 2025 |
| Lastro | Automates real-estate agency and property-management conversations through AI and WhatsApp. | $15M | Q4 2025 |
| Vantaca | Provides operating software for community-association management companies. | $300M | Q4 2025 |
| Arbio | Provides an AI operating and property-management platform for European holiday rentals. | $36M | Q4 2025 |
| Lette AI | Automates property management, leasing, resident engagement and portfolio decisions. | $1.4M | Q4 2025 |
| Housr | Helps students find homes, manage leases, choose roommates and access tenant services. | $9.9M | Q4 2025 |
| Venn | Manages multifamily leasing, payments, maintenance, applications and resident engagement. | $52M | Q4 2025 |
| dotega | Helps German homeowners’ associations manage shared residential properties. | $1.4M | Q4 2025 |
| viboo | Uses AI building controls to reduce heating use without major retrofits. | $3.6M | Q4 2025 |
| Diald AI | Automates commercial-property due diligence and document analysis with AI. | $3.75M | Q4 2025 |
| Flent | Manages furnished-rental discovery, leasing and landlord-tenant workflows in India. | $2M | Q1 2026 |
| Cambio | Helps commercial-property owners plan compliance, retrofits and capital allocation. | $18M | Q1 2026 |
| Mews | Provides property management, payments, revenue and operations software for hotels. | $300M | Q1 2026 |
| Visitt | Automates commercial-property operations for owners and managers with AI. | $22M | Q1 2026 |
| GoCanopy | Organizes documents and workflows for institutional property-investment teams. | $2.4M | Q1 2026 |
| Breezy | Helps residential real-estate agents manage daily work through AI. | $10M | Q1 2026 |
| Agentsy | Provides AI workflow and productivity software for Australian real-estate agencies. | $0.7M | Q1 2026 |
| Cadastral | Automates lease abstraction, underwriting, acquisitions and commercial-property due diligence. | $9.5M | Q1 2026 |
| Daleel | Structures real-estate listings and market data across the Gulf region. | $3M | Q1 2026 |
| Smart Bricks | Uses AI for property discovery, underwriting, monitoring and transaction execution. | $5M | Q1 2026 |
| Dono | Turns fragmented county ownership records into searchable property data. | $6.5M | Q1 2026 |
| MARC | Extracts structured property information from contracts and document repositories. | $1M | Q1 2026 |
| eGuarantee | Replaces commercial-lease bank guarantees with digital lease bonds. | $3.6M | Q1 2026 |
| Stake | Offers regulated fractional access to real-estate investments across multiple markets. | $31M | Q1 2026 |
| Ownwell | Monitors property taxes and manages appeals for owners and investors. | $30M | Q1 2026 |
| Lystio | Runs an AI-native residential property-search and listings portal in Europe. | $0.55M | Q1 2026 |
| Dwelly | Acquires UK letting agencies and operates them through one AI-enabled platform. | $43.1M | Q1 2026 |
| Spintly | Provides wireless access, visitor-management and attendance systems for commercial buildings. | $8M | Q1 2026 |
| VerbaFlo | Uses conversational AI for leasing, maintenance and resident communication. | $7M | Q1 2026 |
| Giraffe360 | Creates listing photography, floor plans and virtual tours with cameras and AI. | $10M | Q1 2026 |
| Aamar | Automates Saudi rental operations, leasing and property asset-finance workflows. | $4M | Q1 2026 |
| Truva | Helps Indian buyers and sellers complete residential resale transactions. | $7.3M | Q1 2026 |
| Titl | Uses AI and blockchain for property-title search, verification and monitoring. | $2.5M | Q1 2026 |
| Rentify | Uses AI to manage rental revenue for MENA landlords and property managers. | $2M | Q2 2026 |
| Agenz | Provides Moroccan property listings, valuations, market data and transaction tools. | $5M | Q2 2026 |
| Propsoch | Provides AI-supported property advice and due diligence for Indian homebuyers. | $2M | Q2 2026 |
| Findigs | Automates tenant screening and leasing decisions for residential property operators. | $32M | Q2 2026 |
| Zazume | Manages the residential-rental lifecycle for Spanish property owners. | $2.9M | Q2 2026 |
| eVoost AI | Provides AI pricing, demand analysis and sales tools for residential developers. | $2.2M | Q2 2026 |
| Helium | Manages rental homes inside Indian gated communities through technology. | $0.6M | Q2 2026 |
| Jozo | Tokenizes Saudi real-estate assets for fractional ownership and investment. | $2.21M | Q2 2026 |
In our Prop Tech market deck, we identify pain points entrepreneurs should prioritize
How has funding activity in the Prop Tech market changed over time?
Q1 2026 was the most active quarter by deal count, with 23 rounds, although Mews supplied more than half of the quarter’s funding.
Q2 2026 was the smallest quarter by funding because the Prop Tech market recorded no round above $50 million.
Prop Tech funding fell by 90.7% from Q1 2026 to Q2 2026 and by 86.0% compared with Q2 2025.
Without the largest one or two rounds in each quarter, Prop Tech funding was much more stable. The underlying market mainly consisted of Seed, Series A and smaller growth rounds.
| Quarter | Number of deals | Total raised ($) | Comment |
|---|---|---|---|
| Q2 2025 | 5 | $350M | Entrata, Nawy and Wander produced most of the quarter’s Prop Tech funding. |
| Q3 2025 | 11 | $390M | EliseAI dominated funding, while ten smaller rounds broadened market activity. |
| Q4 2025 | 9 | $423M | Vantaca represented most of the total, supported by Venn and Arbio. |
| Q1 2026 | 23 | $527M | Mews drove the funding total, but the quarter also recorded the most deals. |
| Q2 2026 | 8 | $49M | Findigs led a quarter focused mainly on small and early-stage rounds. |
| Total | 56 | $1.74B | Large property-management investments shaped the five-quarter Prop Tech funding total. |
This chart, included in our Prop Tech market deck, looks at Compass’s strategy in proptech
Which startups in the Prop Tech market raised the largest rounds over the last months?
These startups raised the most recently in the Prop Tech market:
- Vantaca raised $300 million to expand its community-association management platform and develop more AI-powered operating tools.
- Mews raised $300 million to expand its global hotel-management platform, launch more products and support further consolidation.
- EliseAI raised $250 million to accelerate AI product development and hire across engineering, sales, operations and customer teams.
- Entrata raised $200 million to strengthen its multifamily operating system and continue expanding across North America.
- Huspy raised $59 million to improve its agent and mortgage technology and enter more European and Middle Eastern cities.
- Buena announced $58 million in funding to develop its AI property-management software and acquire more traditional German management companies.
- Nawy raised $52 million to expand beyond Egypt and improve its brokerage, investment and property-management technology.
- Venn raised $52 million to expand its multifamily operating platform and reach more US property operators.
- Wander raised $50 million to add more luxury vacation homes and continue developing WanderOS.
- Dwelly raised $43.1 million to acquire UK letting agencies and move their operations onto one AI-enabled platform.
And, yes, we do cover most of them in our our beautiful pitch about the Prop Tech market.
You may also want to check our ranking of the most funded startups in the Prop Tech market as well as our list of the most valued startups.
| Rank | Deal size ($) | Round type | Quarter | Startup |
|---|---|---|---|---|
| 1 | $300M | Growth investment | Q4 2025 | Vantaca |
| 2 | $300M | Growth financing | Q1 2026 | Mews |
| 3 | $250M | Series E | Q3 2025 | EliseAI |
| 4 | $200M | Strategic growth investment | Q2 2025 | Entrata |
| 5 | $59M | Series B | Q3 2025 | Huspy |
| 6 | $58M | Series A and total funding announcement | Q3 2025 | Buena |
| 7 | $52M | Series A | Q2 2025 | Nawy |
| 8 | $52M | Series B | Q4 2025 | Venn |
| 9 | $50M | Series B | Q2 2025 | Wander |
| 10 | $43.1M | Growth financing | Q1 2026 | Dwelly |
This chart, included in our Prop Tech market deck, illustrates yearly funding for proptech startups
Is the Prop Tech market shifting toward smaller or bigger deals?
The average Prop Tech funding round was $31.07 million across the full five-quarter period.
The quarterly average ranged from $70.08 million in Q2 2025 to $6.11 million in Q2 2026. Large rounds from Entrata, EliseAI, Vantaca and Mews caused most of this variation.
Without these outliers, the Prop Tech market shows a clear base of smaller Seed, Series A and mid-sized growth rounds.
| Quarter | Number of deals | Average deal size | Deals below $2M | Deals above $50M |
|---|---|---|---|---|
| Q2 2025 | 5 | $70.08M | 0 | 2 |
| Q3 2025 | 11 | $35.48M | 2 | 3 |
| Q4 2025 | 9 | $47.01M | 2 | 2 |
| Q1 2026 | 23 | $22.92M | 3 | 1 |
| Q2 2026 | 8 | $6.11M | 1 | 0 |
| All quarters | 56 | $31.07M | 8 | 8 |
This chart, included in our Prop Tech market deck, compares the main business model options for proptech property management platforms
How concentrated was funding activity in the Prop Tech market?
Prop Tech funding was highly concentrated because the largest deal represented between 56.9% and 70.9% of each quarter’s capital. The top three rounds usually represented more than 80%.
This concentration means headline Prop Tech funding totals can rise or fall sharply even when the number of smaller deals remains healthy.
| Quarter | Number of deals | Top 1 | Top 3 | Top 10 |
|---|---|---|---|---|
| Q2 2025 | 5 | 57.1% | 86.2% | 100.0% |
| Q3 2025 | 11 | 64.1% | 94.0% | 99.9% |
| Q4 2025 | 9 | 70.9% | 91.7% | 100.0% |
| Q1 2026 | 23 | 56.9% | 71.0% | 91.4% |
| Q2 2026 | 8 | 65.4% | 81.6% | 100.0% |
| All quarters | 56 | 17.2% | 48.9% | 75.6% |
This chart, featured in our Prop Tech market deck, illustrates revenue distribution by customer segment in the proptech market
Which categories in the Prop Tech market received the most funding?
Property management received 60.6% of Prop Tech funding because large platforms such as Mews, Vantaca and EliseAI serve essential daily workflows. These products also benefit from recurring software revenue and high switching costs.
Transactions and brokerage received $125.85 million across six deals. Regional leaders such as Nawy and Huspy used technology to simplify complex home-buying and brokerage processes.
Property operations received $114.40 million across eight deals. Investors backed software that reduces administrative work, improves decisions and lowers property operating costs.
| Category name | Number of deals | Total raised ($) | Startups and amount |
|---|---|---|---|
| Property management | 14 | $1,054.20M | Wander ($50M), Buena ($58M), EliseAI ($250M), MagicDoor ($4.5M), Rentify ($0.5M), SCALARA ($3.2M), Vantaca ($300M), Arbio ($36M), dotega ($1.4M), Dwelly ($43.1M), Mews ($300M), Aamar ($4M), Zazume ($2.9M), Helium ($0.6M) |
| Transactions and brokerage | 6 | $125.85M | Nawy ($52M), Huspy ($59M), Lystio ($0.55M), Truva ($7.3M), Agenz ($5M), Propsoch ($2M) |
| Property operations | 8 | $114.40M | PredictAP ($5M), Cohabit ($1M), Lette AI ($1.4M), Venn ($52M), Ownwell ($30M), MARC ($1M), Visitt ($22M), Rentify UAE ($2M) |
This chart, included in our Prop Tech market deck, shows how property management software technology has evolved over time
Who are the biggest investors in the Prop Tech market?
Andreessen Horowitz joined two deals worth a combined $255 million, including EliseAI and Smart Bricks. The firm backed AI products for both large property operators and emerging investment workflows.
Fifth Wall joined two deals worth a combined $80 million, including Wander and Runwise. Both companies apply technology directly to operating real-estate assets.
QED Investors joined two deals worth a combined $65 million, including Wander and Lastro. Both platforms use software to improve property transactions or operations.
Eurazeo joined two deals worth a combined $54.4 million, including aedifion and Arbio. Both companies use software to improve how European properties are operated.
Disclaimer: this investor list may be incomplete; we focus on publicly disclosed lead and prominent recurring investors, so some frequent minority participants may be underrepresented. “Total funded” does not represent the amount personally invested by an individual investor. Instead, it refers to the aggregate amount raised across all fundraising rounds in which the investor participated.
| Investor | Number of deals | Total funded ($) | Startups |
|---|---|---|---|
| Andreessen Horowitz | 2 | $255M | EliseAI, Smart Bricks |
| Fifth Wall | 2 | $80M | Wander, Runwise |
| QED Investors | 2 | $65M | Wander, Lastro |
| Eurazeo | 2 | $54.4M | aedifion, Arbio |
This chart, included in our Prop Tech market deck, shows how smart building platforms have driven growth in the proptech market over time
Related blog posts
- A full list of funding deals in Prop Tech
- The startups that have raised the most funding in Prop Tech
- How strong is fundraising in the Prop Tech market right now?
