All the fundraising deals in the Prop Tech market (from Q1 2025 to Q1 2026)
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The Prop Tech market raised over $593 million across 28 verified deals between Q1 2025 and Q1 2026, with Q1 2026 alone accounting for nearly half of all capital deployed.
Property management software and transaction workflow platforms attracted the largest share of funding, while AI-native tools for leasing, underwriting, and building operations emerged as a defining theme across every quarter.
Europe produced a dense pipeline of specialist PropTech startups, but the biggest individual checks went to companies with broader transactional reach or capital-enabled scale in the U.S., UK, and MENA regions.
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Insights
- Q1 2026 saw $281 million raised across 10 PropTech deals, which is nearly 9x the $31 million raised in Q1 2025, showing a clear acceleration in investor appetite for property technology.
- Property management and building operations startups captured $249 million across 10 deals, making operational software the second-largest funding category in the Prop Tech market over the past 5 quarters.
- The top single deal each quarter accounted for 25% to 87% of that quarter's total PropTech funding, which means one or two mega-rounds can completely reshape quarterly totals.
- AI appeared as a core product thesis in at least 12 of the 28 PropTech deals tracked, spanning underwriting, leasing, energy management, and transaction acceleration.
- Europe contributed 17 of the 28 verified PropTech funding rounds, but most of those rounds were below $20 million, pointing to a dense layer of specialist property technology startups rather than mega-platforms.
- Three PropTech companies raised more than $50 million in a single round: Propy ($100M credit facility), Dwelly ($93M equity and debt), and Huspy ($59M Series B), all targeting different parts of the real-estate workflow.
- Germany alone produced five PropTech deals (SCALARA, aedifion, Buena, viboo, dotega, vivanta), more than any other single European country, signaling strong demand for digital property management in that market.
- Pre-seed rounds in the Prop Tech market reached unusual sizes: Breezy raised $10M and Smart Bricks raised $5M at pre-seed, suggesting investors are placing larger early bets on AI-native PropTech platforms.
- Debt and credit facilities showed up in four of the largest PropTech rounds (Propy, Dwelly, Ownwell, Nawy), which indicates investors are comfortable backing "software plus capital" models when the technology is tightly tied to a real-estate workflow.
- The average PropTech deal size across all five quarters was about $21 million, but that number drops significantly once you remove the top two outliers each quarter, revealing a market where most rounds stay in the $2M to $20M range.
In our Prop Tech market deck, we will give you useful market maps and grids
Summary table of the funding deals in the Prop Tech market (last 5 quarters)
We define PropTech as technology products that materially improve how real-estate assets are operated, managed, leased, or transacted.
We include software, data, and connected systems used by owners, operators, property managers, brokers, and occupiers across operations, leasing, sales, and asset-level decision-making.
We exclude construction technology, general-purpose fintech/insurtech not specific to real estate, and consumer smart-home electronics that are not tied to operating or transacting a property.
You can also read our detailed analysis to understand how funding activity in the Prop Tech market has evolved over the last few years.
Also, you should know that we have a dedicated page, updated weekly, with all the latest fundraising deals in the Prop Tech market.
| Name | What they do | Amount ($M) | Quarter | Source(s) |
|---|---|---|---|---|
| Foyer | Helps first-time buyers save for a home down payment with goal-tracking tools | $6.2M | Q1 2025 | TechCrunch |
| Relive | All-digital brokerage platform for real-estate agents across renting, buying, and selling | $5.5M | Q1 2025 | Tech.eu |
| Just Move In | Single workflow to set up utilities, insurance, and broadband when moving home | $8.0M | Q1 2025 | TechCrunch |
| Telescope | Climate and sustainability risk analysis for real-estate owners at the asset level | $4.3M | Q1 2025 | Tech.eu |
| Faireez | Tech-enabled housekeeping as an amenity for multifamily buildings | $7.5M | Q1 2025 | TechCrunch |
| Homemove | All-in-one platform coordinating agents, mortgages, surveys, and removals for movers | $5.0M | Q2 2025 | Tech.eu |
| Nawy | Residential property platform combining listings, brokerage, financing, and management | $52.0M | Q2 2025 | TechCrunch |
| Flock | Lets landlords exchange rental properties for shares in a managed portfolio | $20.0M | Q2 2025 | FinSMEs |
| Martello | AI-powered environmental and property-risk reporting for conveyancing | $1.6M | Q2 2025 | Tech.eu |
| SCALARA | Digital property-management software for condominiums, rentals, and accounting | $3.5M | Q2 2025 | EU-Startups |
| aedifion | AI software that optimizes building energy systems in real time for property operators | $19.6M | Q2 2025 | Tech.eu |
| Huspy | Digital home-buying and mortgage tools with workflow features for brokers | $59.0M | Q3 2025 | TechCrunch |
| Buena | AI property-management software combined with acquisitions of traditional managers | $58.0M | Q3 2025 | Tech.eu |
| Jitty | AI-powered home-buying agent that helps users search and evaluate properties | $3.8M | Q3 2025 | Tech Funding News |
| Zefir | AI-driven platform to speed up residential property transactions in France | $17.3M | Q3 2025 | Tech.eu |
| viboo | Retrofit-friendly AI building management software for heating and energy control | $3.8M | Q4 2025 | Tech.eu |
| Arbio | AI operating system for short-term rental property management in Europe | $36.0M | Q4 2025 | Tech.eu |
| dotega | Software for homeowners' associations to self-manage shared properties | $1.5M | Q4 2025 | Tech.eu |
| GoCanopy | AI operating system for institutional real-estate investors' documents and workflows | $2.4M | Q1 2026 | Tech.eu |
| Propy | Automates real-estate closings with AI and blockchain for offer, escrow, and deeds | $100.0M | Q1 2026 | FinSMEs |
| MARC | AI tool to manage vendor contracts and expense data across real-estate portfolios | $1.0M | Q1 2026 | Tech.eu |
| Smart Bricks | AI system for sourcing, modeling, underwriting, and monitoring property deals | $5.0M | Q1 2026 | TechCrunch |
| Breezy | AI operating system for residential real-estate professionals | $10.0M | Q1 2026 | FinSMEs |
| Dwelly | Acquires letting agencies and runs them on an AI-enabled rental-operations platform | $93.0M | Q1 2026 | EU-Startups, FinSMEs |
| Ownwell | Monitors property taxes and manages appeals for homeowners and investors | $50.0M | Q1 2026 | FinSMEs |
| vivanta | Automation-led property-management platform for owners, tenants, and providers | $2.9M | Q1 2026 | EU-Startups |
| VerbaFlo | Conversational AI for leasing, resident engagement, and maintenance communications | $7.0M | Q1 2026 | Tech.eu |
| Giraffe360 | Hardware and AI software to produce listing photos, tours, and floorplans in one visit | $10.0M | Q1 2026 | Tech.eu |
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 by far the most active quarter for PropTech funding, with $281 million raised across 10 deals, but that total was heavily shaped by two mega-rounds from Propy ($100M) and Dwelly ($93M) which together accounted for nearly 69% of the quarter.
Q1 2025 was the quietest quarter, with just $31 million raised across 5 deals, all of which were seed or Series A rounds below $10 million.
Between Q4 2025 and Q1 2026, total PropTech funding jumped from $41 million to $281 million, a roughly 581% increase, and compared to Q1 2025 (one year earlier), total funding grew by about 794%.
If you strip out the top two deals from each quarter, the underlying Prop Tech market activity looks much steadier: Q1 2025 drops to about $18M, Q2 2025 to about $10M, Q3 2025 to about $21M, Q4 2025 to about $1.5M, and Q1 2026 to about $38M, which shows that the bulk of the growth in headline numbers comes from a handful of large rounds rather than broad market acceleration.
| Quarter | Number of deals | Total raised ($M) | Comment |
|---|---|---|---|
| Q1 2025 | 5 | $31.5M | All deals were below $10M, a quiet start for PropTech with seed and early-stage activity only. |
| Q2 2025 | 6 | $101.6M | Nawy's $52M Series A in Egypt pulled the quarter up significantly, alongside solid mid-market rounds. |
| Q3 2025 | 4 | $138.1M | Just four deals, but Huspy ($59M) and Buena ($58M) made this the second-highest quarter by total. |
| Q4 2025 | 3 | $41.3M | Arbio's $36M Series A dominated a thin quarter with only three disclosed PropTech rounds. |
| Q1 2026 | 10 | $281.3M | Breakout quarter with Propy ($100M) and Dwelly ($93M) leading, plus strong seed and Series B activity. |
| All quarters | 28 | $593.7M | 28 verified PropTech deals over 5 quarters, with funding accelerating sharply in the most recent period. |
In our Prop Tech market deck, we identify repeatable patterns you can use if you’re building in this market
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:
- Propy raised $100 million as a credit facility to scale its AI and blockchain-powered real-estate closing platform across the U.S., automating offer, escrow, and deed-recording workflows.
- Dwelly raised $93 million in equity and debt to keep acquiring UK letting agencies and running them on a unified AI-enabled rental-operations platform.
- Huspy raised $59 million in a Series B to deepen its digital home-buying and brokerage platform across the UAE, Spain, and Saudi Arabia.
- Buena raised $58 million in total funding to consolidate Germany's fragmented property-management market through AI-powered software and M&A.
- Nawy raised $52 million in a Series A to scale its residential property platform, including listings and brokerage, across Egypt and the wider MENA region.
- Ownwell raised $50 million in a Series B to expand its property tax monitoring and appeals service for U.S. homeowners and investors.
- Arbio raised $36 million in a Series A to modernize short-term rental management in Europe with an AI-native operating system.
- Flock raised $20 million in a Series B to expand beyond single-family rentals into multifamily and manufactured housing for its landlord portfolio product.
- aedifion raised $19.6 million in a Series B to expand its AI building-energy optimization platform across Europe and into the U.S.
- Zefir raised $17.3 million in a Series B to accelerate AI-driven residential transactions and launch buyer-side tools in France.
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.
In our Prop Tech market deck, we answer all the common questions from investors and entrepreneurs
Is the Prop Tech market shifting toward smaller or bigger deals?
Across all five quarters, the average PropTech deal size was about $21.2 million, but that number is heavily influenced by a few very large rounds like Propy ($100M) and Dwelly ($93M).
Quarter by quarter, the average PropTech deal size varied a lot: $6.3M in Q1 2025, $16.9M in Q2 2025, $34.5M in Q3 2025, $13.8M in Q4 2025, and $28.1M in Q1 2026. The jumps mostly reflect one or two outsized rounds rather than a broad shift in deal sizes across the Prop Tech market.
If you remove the largest one or two outliers from each quarter, most PropTech funding rounds fall in the $2M to $10M range, which suggests the Prop Tech market's typical activity is still early-stage and specialist, even as headline totals surge.
| Quarter | Number of deals | Average deal size ($M) | Deals below $2M | Deals above $50M |
|---|---|---|---|---|
| Q1 2025 | 5 | $6.3M | 0 | 0 |
| Q2 2025 | 6 | $16.9M | 1 | 1 |
| Q3 2025 | 4 | $34.5M | 0 | 2 |
| Q4 2025 | 3 | $13.8M | 1 | 0 |
| Q1 2026 | 10 | $28.1M | 1 | 2 |
| All quarters | 28 | $21.2M | 3 | 5 |
In our Prop Tech market deck, we help you understand how the market is structured
How concentrated was funding activity in the Prop Tech market?
PropTech funding was consistently concentrated around a small number of large deals. In Q4 2025, the single largest deal (Arbio at $36M) accounted for 87% of all PropTech capital raised that quarter, while even in the busiest quarter (Q1 2026), the top three deals still captured 86% of the total.
This pattern means that headline funding numbers in the Prop Tech market can swing dramatically based on just one or two announcements. For investors and founders tracking PropTech trends, looking at deal count alongside total capital gives a much better picture of actual market momentum than dollar totals alone.
| Quarter | Number of deals | % by Top 1 | % by Top 3 | % by Top 10 |
|---|---|---|---|---|
| Q1 2025 | 5 | 25.4% | 69.0% | 100.0% |
| Q2 2025 | 6 | 51.2% | 90.1% | 100.0% |
| Q3 2025 | 4 | 42.7% | 97.2% | 100.0% |
| Q4 2025 | 3 | 87.2% | 100.0% | 100.0% |
| Q1 2026 | 10 | 35.6% | 86.4% | 100.0% |
| All quarters | 28 | 16.8% | 42.4% | 86.1% |
In our Prop Tech market deck, we have designed useful charts to give you full market clarity
Which categories in the Prop Tech market received the most funding?
Transaction, brokerage, and move workflow startups raised the most in the Prop Tech market, capturing $284 million across 11 deals (about 48% of total funding). This category attracted both large platform rounds like Propy and Huspy and smaller seed deals like Foyer and Jitty, which shows investor interest spans the full range of the real-estate transaction lifecycle.
Property management and building operations came in second with $249 million across 10 deals (about 42% of total funding). Dwelly and Buena led this category with large roll-up and automation plays, while smaller rounds from SCALARA, viboo, dotega, and vivanta point to strong demand for specialist PropTech tools across European rental and condominium markets.
Asset intelligence, ownership, and tax tools raised $83 million across 6 deals (about 14% of total funding). Ownwell's $50M Series B accounted for most of this category's total, but earlier-stage rounds from Smart Bricks, GoCanopy, and MARC show that investor interest in AI-powered real-estate analytics and portfolio intelligence is growing across the Prop Tech market.
| Category | Number of deals | Total raised ($M) | Startups and amount |
|---|---|---|---|
| Transaction, brokerage & move workflow | 11 | $284.0M | Foyer ($6.2M), Relive ($5.5M), Just Move In ($8.0M), Homemove ($5.0M), Nawy ($52.0M), Huspy ($59.0M), Jitty ($3.8M), Zefir ($17.3M), Propy ($100.0M), Giraffe360 ($10.0M), Breezy ($10.0M) |
| Property management & building operations | 10 | $249.0M | Faireez ($7.5M), SCALARA ($3.5M), aedifion ($19.6M), Buena ($58.0M), viboo ($3.8M), Arbio ($36.0M), dotega ($1.5M), VerbaFlo ($7.0M), Dwelly ($93.0M), vivanta ($2.9M) |
| Asset intelligence, ownership & tax | 6 | $82.7M | Telescope ($4.3M), Flock ($20.0M), GoCanopy ($2.4M), MARC ($1.0M), Smart Bricks ($5.0M), Ownwell ($50.0M) |
In our Prop Tech market deck, we cover the latest tech updates shaping the market
Who are the biggest investors in the Prop Tech market?
Andreessen Horowitz appeared in two PropTech deals (Flock and Smart Bricks), backing both a landlord portfolio platform and an AI-powered investment intelligence tool, which shows the firm's interest in different layers of the real-estate technology stack.
Beyond Andreessen Horowitz, the data shows that no other single investor appeared in more than one verified PropTech round over the five quarters covered. This is consistent with a market where deal flow is spread across many specialized and regional funds rather than dominated by a few repeat players.
Disclaimer: this investor list may be incomplete; we focus on publicly disclosed lead and prominent recurring investors, so some frequent minority participants may be underrepresented. "Total funded" does not represent the amount personally invested by an individual investor. Instead, it refers to the aggregate amount raised across all fundraising rounds in which the investor participated.
| Investor | Number of deals | Total funded ($M) | Startups |
|---|---|---|---|
| Andreessen Horowitz | 2 | $25.0M | Flock ($20.0M), Smart Bricks ($5.0M) |
In our Prop Tech market deck, we track adoption trends and shifts in consumer behavior
Related blog posts
- A full list of funding deals in Prop Tech
- The startups that have raised the most funding in Prop Tech
