What are the most valued startups in the Prop Tech market?
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In our Prop Tech market deck, you will find everything you need to understand the market
The Prop Tech market includes real estate marketplaces, property management software, building technology, data platforms and digital transaction tools.
This ranking compares 96 Prop Tech companies using their latest reported or estimated valuations.
We update this list every month to reflect public-market movements, funding rounds, acquisitions and new operating data.
And if you want to better understand this new industry, you can download our pitch covering the Prop Tech market.
A quick summary table
| Metric | Value |
|---|---|
| Most valuable Prop Tech company | Airbnb, $86.9B |
| Second most valuable Prop Tech company | Compass, $9.3B |
| Median Prop Tech valuation | Approximately $313M |
| Share of Prop Tech valuation captured by the top 10 | Approximately 74.6% |
| Top Prop Tech valuation versus the median | Approximately 278 times |
| Median Prop Tech valuation-to-capital-raised ratio | Approximately 3.1 times |
| Prop Tech companies valued at $1B+ | 29 |

This market map, featured in our Prop Tech market deck, highlights top companies and startups in the proptech market
Top startups in the Prop Tech market ranked by valuation
Here is an updated table that ranks the top startups in the Prop Tech market based on their latest reported or estimated valuations.
If you want more detaild about their fundraising activity, you can check our list of the startups who have raised the most funding in the Prop Tech market.
| # | Startup Name | What They Do | Current Valuation ($) | Valuation Confidence Level | Valuation Type | Evidence Status | Total Funding ($) | Funding Confidence Level |
|---|---|---|---|---|---|---|---|---|
| 1 | Airbnb | Short-term stay marketplace | $86.9B | Full Confidence | Public Market Cap | Observed | $6.7B | Full Confidence |
| 2 | Compass | Real estate brokerage platform | $9.3B | Full Confidence | Public Market Cap | Observed | $2.0B | Full Confidence |
| 3 | AppFolio | Property management SaaS | $6.3B | Full Confidence | Public Market Cap | Observed | $30M | Full Confidence |
| 4 | Opendoor | Online home buying platform | $4.6B | Full Confidence | Public Market Cap | Observed | $3.2B | Strong Confidence |
| 5 | Entrata | Multifamily property operating system | $4.0B–$4.8B | Strong Confidence | Announced Private Round Valuation | Estimated | $707M | Strong Confidence |
| 6 | QuintoAndar | Latin American rental marketplace | $3.0B–$5.0B | Partial Confidence | Announced Private Round Valuation | Estimated | $755M | Strong Confidence |
| 7 | Loft | Brazilian digital property marketplace | $2.6B–$3.2B | Strong Confidence | Comparables-Based Estimate | Estimated | $788M | Strong Confidence |
| 8 | Mews | Hotel management operating system | $2.5B | Full Confidence | Announced Private Round Valuation | Observed | $635M | Strong Confidence |
| 9 | EliseAI | AI leasing and resident automation | $2.2B–$2.5B | Strong Confidence | Announced Private Round Valuation | Observed | $392M | Partial Confidence |
| 10 | Lessen | Property maintenance services platform | $2.1B–$2.4B | Strong Confidence | Announced Private Round Valuation | Observed | $205M | Partial Confidence |
| 11 | Property Finder | MENA property listings marketplace | $1.9B–$2.2B | Strong Confidence | Announced Private Round Valuation | Observed | $835M | Strong Confidence |
| 12 | Storable | Self-storage management software | $2.0B | Strong Confidence | Acquisition Value | Observed | $325M | Low Confidence |
| 13 | Roofstock | Rental-property investment marketplace | $1.6B–$2.0B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $373M | Strong Confidence |
| 14 | VTS | Commercial real estate software | $1.5B–$1.9B | Strong Confidence | Comparables-Based Estimate | Estimated | $304M | Full Confidence |
| 15 | Matterport | Property 3D digital-twin platform | $1.6B | Full Confidence | Acquisition Value | Observed | $163M | Strong Confidence |
| 16 | Placer.ai | Physical-location traffic analytics | $1.4B–$1.7B | Strong Confidence | Announced Private Round Valuation | Observed | $241M | Strong Confidence |
| 17 | Cloudbeds | Unified hotel management software | $1.2B–$1.7B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $253M | Strong Confidence |
| 18 | Square Yards | Integrated property and mortgage platform | $1.3B–$1.6B | Strong Confidence | Announced Private Round Valuation | Observed | $84M | Partial Confidence |
| 19 | Vantaca | HOA management software | $1.3B | Full Confidence | Announced Private Round Valuation | Observed | $305M | Partial Confidence |
| 20 | HomeLight | Agent and homebuying marketplace | $1.0B–$1.4B | Partial Confidence | Comparables-Based Estimate | Estimated | $299M | Strong Confidence |
| 21 | Juniper Square | Private-markets fund operations software | $1.1B–$1.3B | Strong Confidence | Announced Private Round Valuation | Observed | $369M | Strong Confidence |
| 22 | PropertyGuru | Southeast Asian property portal | $1.1B | Strong Confidence | Acquisition Value | Observed | $895M | Partial Confidence |
| 23 | Habi | Latin American housing marketplace | $900M–$1.2B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $316M | Strong Confidence |
| 24 | Guesty | Short-term rental management software | $900M–$1.2B | Strong Confidence | Revenue or ARR Multiple Estimate | Estimated | $409M | Full Confidence |
| 25 | Density | Workplace occupancy analytics sensors | $900M–$1.2B | Strong Confidence | Revenue or ARR Multiple Estimate | Estimated | $217M | Strong Confidence |
| 26 | Divvy Homes | Rent-to-own homeownership platform | $950M–$1.1B | Strong Confidence | Acquisition Value | Observed | $390M | Partial Confidence |
| 27 | NoBroker | Brokerage-free property marketplace | $900M–$1.1B | Strong Confidence | Announced Private Round Valuation | Estimated | $368M | Partial Confidence |
| 28 | Hostaway | Vacation rental management software | $900M–$1.1B | Strong Confidence | Announced Private Round Valuation | Estimated | $543M | Strong Confidence |
| 29 | Rentberry | Digital long-term rental marketplace | $900M–$1.1B | Partial Confidence | Active Raise Valuation | Implied | $118M | Partial Confidence |
| 30 | Side | Brokerage platform for realtors | $700M–$1.1B | Partial Confidence | Comparables-Based Estimate | Estimated | $263M | Partial Confidence |
| 31 | Pacaso | Vacation home co-ownership | $800M–$950M | Partial Confidence | IPO or Listing Range Valuation | Implied | $290M | Strong Confidence |
| 32 | Blueground | Furnished flexible rentals | $700M–$1.0B | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $263M | Partial Confidence |
| 33 | Orchard | Buy-before-selling home marketplace | $750M–$950M | Partial Confidence | Comparables-Based Estimate | Estimated | $255M | Full Confidence |
| 34 | Clikalia | Digital home buying platform | $650M–$850M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $170M | Partial Confidence |
| 35 | Rhino | Security deposit insurance platform | $550M–$750M | Partial Confidence | Comparables-Based Estimate | Estimated | $177M | Partial Confidence |
| 36 | Buildium | Property management SaaS | $580M | Full Confidence | Acquisition Value | Observed | $85M | Strong Confidence |
| 37 | Huspy | Digital home-buying transaction platform | $390M–$740M | Strong Confidence | Implied Valuation from Raise | Implied | $96M | Partial Confidence |
| 38 | Fundrise | Private real estate investing platform | $450M–$650M | Partial Confidence | Proxy-Based Estimate | Estimated | $54M | Partial Confidence |
| 39 | PassiveLogic | Autonomous building controls AI | $430M–$620M | Strong Confidence | Implied Valuation from Raise | Implied | $124M | Partial Confidence |
| 40 | Measurabl | Real estate sustainability software | $400M–$520M | Partial Confidence | Announced Private Round Valuation | Implied | $180M | Strong Confidence |
| 41 | ButterflyMX | Cloud property access control | $350M–$550M | Partial Confidence | Comparables-Based Estimate | Estimated | $109M | Partial Confidence |
| 42 | Apartment List | Personalized apartment search marketplace | $350M–$500M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $163M | Partial Confidence |
| 43 | Habyt | Flexible housing operator | $300M–$500M | Partial Confidence | Implied Valuation from Raise | Estimated | $115M | Partial Confidence |
| 44 | Landing | Flexible furnished apartment rentals | $300M–$500M | Low Confidence | Comparables-Based Estimate | Estimated | $237M | Strong Confidence |
| 45 | Mynd | Single-family rental management platform | $250M–$450M | Low Confidence | Comparables-Based Estimate | Estimated | $210M | Partial Confidence |
| 46 | Sundae | Distressed home sales marketplace | $250M–$450M | Low Confidence | Comparables-Based Estimate | Estimated | $136M | Full Confidence |
| 47 | Funnel Leasing | Multifamily renter management software | $260M–$420M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $83M | Partial Confidence |
| 48 | Limehome | Digital serviced-apartment operator | $250M–$400M | Partial Confidence | Comparables-Based Estimate | Estimated | $87M | Partial Confidence |
| 49 | Dealpath | Real estate deal-management software | $250M–$350M | Partial Confidence | Comparables-Based Estimate | Estimated | $62M | Partial Confidence |
| 50 | Obligo | Flexible rental deposit solutions | $230M–$350M | Partial Confidence | Implied Valuation from Raise | Implied | $56M | Partial Confidence |
| 51 | Zumper | Apartment rental listings marketplace | $220M–$350M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $180M | Strong Confidence |
| 52 | Cadre | Institutional real estate investing platform | $100M–$450M | Low Confidence | Acquisition Value | Estimated | $133M | Partial Confidence |
| 53 | Plentific | Property maintenance management platform | $180M–$320M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $142M | Strong Confidence |
| 54 | Belong | Rental home management marketplace | $180M–$300M | Low Confidence | Implied Valuation from Raise | Estimated | $105M | Full Confidence |
| 55 | Landis | Rent-to-own homeownership coaching | $180M–$300M | Low Confidence | Comparables-Based Estimate | Estimated | $222M | Partial Confidence |
| 56 | Housing.com | Indian property listings marketplace | $180M–$260M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $146M | Partial Confidence |
| 57 | 99 Group | Southeast Asian property portals | $170M–$260M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $89M | Strong Confidence |
| 58 | VergeSense | Workplace utilization analytics sensors | $160M–$250M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $83M | Full Confidence |
| 59 | Reonomy | Commercial property intelligence platform | $202M | Full Confidence | Acquisition Value | Observed | $128M | Partial Confidence |
| 60 | SmartRent | Smart apartment automation platform | $201M | Full Confidence | Public Market Cap | Observed | $257M | Partial Confidence |
| 61 | Lane | Workplace experience software | $200M | Strong Confidence | Acquisition Value | Observed | $10M | Strong Confidence |
| 62 | Cherre | Real estate data integration | $170M–$230M | Partial Confidence | Implied Valuation from Raise | Implied | $105M | Full Confidence |
| 63 | Spotahome | Mid-term rental marketplace | $160M–$230M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $95M | Partial Confidence |
| 64 | Housfy | Digital residential brokerage services | $140M–$220M | Low Confidence | Implied Valuation from Raise | Implied | $57M | Partial Confidence |
| 65 | Infogrid | Smart building energy analytics | $130M–$210M | Partial Confidence | Comparables-Based Estimate | Estimated | $119M | Strong Confidence |
| 66 | Houm | LatAm rental management platform | $120M–$220M | Low Confidence | Implied Valuation from Raise | Estimated | $45M | Partial Confidence |
| 67 | Jetty | Renter financial services platform | $120M–$200M | Low Confidence | Proxy-Based Estimate | Estimated | $80M | Partial Confidence |
| 68 | Crexi | Commercial real estate marketplace | $120M–$180M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $45M | Full Confidence |
| 69 | LeaseLock | Lease insurance deposit replacement | $110M–$180M | Low Confidence | Comparables-Based Estimate | Estimated | $63M | Strong Confidence |
| 70 | Nomad Homes | Digital homebuying marketplace | $110M–$170M | Partial Confidence | Implied Valuation from Raise | Implied | $44M | Full Confidence |
| 71 | Vacasa | Vacation rental management | $129M | Strong Confidence | Acquisition Value | Observed | $802M | Strong Confidence |
| 72 | RealtyMogul | Real estate crowdfunding platform | $90M–$160M | Low Confidence | Acquisition Value | Estimated | $50M | Partial Confidence |
| 73 | HousingAnywhere | International mid-term rental marketplace | $115M–$135M | Strong Confidence | Comparables-Based Estimate | Implied | $42M | Strong Confidence |
| 74 | HouseCanary | Residential property valuation analytics | $90M–$140M | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | $130M | Strong Confidence |
| 75 | Flyhomes | Cash-offer homebuying tools | $100M–$130M | Strong Confidence | Comparables-Based Estimate | Estimated | $208M | Strong Confidence |
| 76 | CompStak | Commercial real estate data | $90M–$140M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $78M | Partial Confidence |
| 77 | RentSpree | Rental transaction management software | $80M–$110M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $28M | Strong Confidence |
| 78 | Equiem | Tenant experience software platform | $70M–$120M | Low Confidence | Comparables-Based Estimate | Estimated | $30M | Partial Confidence |
| 79 | Casavo | European residential property marketplace | $65M–$110M | Partial Confidence | Implied Valuation from Raise | Implied | $208M | Partial Confidence |
| 80 | HqO | Workplace and tenant experience software | $65M–$110M | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | $157M | Partial Confidence |
| 81 | Casafari | Real estate data platform | $55M–$115M | Low Confidence | Comparables-Based Estimate | Estimated | $21M | Strong Confidence |
| 82 | PriceHubble | AI property valuation software | $65M–$100M | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | $49M | Partial Confidence |
| 83 | Lamudi | Emerging-market property listings portal | $50M–$100M | Low Confidence | Proxy-Based Estimate | Estimated | $56M | Full Confidence |
| 84 | OfficeRnD | Flex workspace management software | $55M–$90M | Low Confidence | Comparables-Based Estimate | Estimated | $17M | Partial Confidence |
| 85 | Local Logic | Real estate location intelligence | $50M–$90M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $19M | Strong Confidence |
| 86 | Bungalow | Managed co-living rentals | $40M–$90M | Low Confidence | Proxy-Based Estimate | Estimated | $143M | Strong Confidence |
| 87 | Alfred | Resident services and concierge platform | $40M–$90M | Low Confidence | Revenue or ARR Multiple Estimate | Estimated | $95M | Strong Confidence |
| 88 | Prophia | AI lease data management | $45M–$70M | Partial Confidence | Implied Valuation from Raise | Implied | $28M | Partial Confidence |
| 89 | Zeus Living | Furnished corporate housing | $20M–$60M | Low Confidence | Acquisition Value | Estimated | $125M | Partial Confidence |
| 90 | Knock | Home-swap financing platform | $25M–$40M | Partial Confidence | Proxy-Based Estimate | Estimated | $138M | Partial Confidence |
| 91 | TurboTenant | Landlord property management software | $25M–$40M | Partial Confidence | Revenue or ARR Multiple Estimate | Estimated | $10M | Partial Confidence |
| 92 | Latch | Smart access building platform | $30M | Full Confidence | Public Market Cap | Observed | $342M | Strong Confidence |
| 93 | PropTiger | Indian homebuying advisory platform | $10M | Full Confidence | Acquisition Value | Observed | $99M | Strong Confidence |
| 94 | Common | Co-living residential operator | $0M–$10M | Low Confidence | Proxy-Based Estimate | Estimated | $113M | Strong Confidence |
| 95 | EasyKnock | Residential sale-leaseback platform | $0M–$10M | Strong Confidence | Proxy-Based Estimate | Estimated | $127M | Strong Confidence |
| 96 | Sonder | Apartment-style hospitality operator | $0M–$5M | Low Confidence | Proxy-Based Estimate | Estimated | $840M | Partial Confidence |

This chart, included in our Prop Tech market deck, compares the 2026 size of the proptech market with other markets of similar size
Key valuation trends in the Prop Tech market
Insights
- Prop Tech valuation is exceptionally concentrated. Airbnb represents about 52% of the full dataset and nearly 70% of the combined midpoint valuation of the ten largest companies.
- The ten largest Prop Tech companies capture approximately 74.6% of total valuation, leaving the remaining 86 companies to share only about one-quarter of the market value.
- AppFolio stands out for capital efficiency. AppFolio reached a $6.3B market capitalization after raising only $30M, producing a valuation-to-funding ratio above 200 times.
- Prop Tech operating systems can create more value with less capital than transaction-heavy marketplaces. Entrata and Mews hold about $6.9B in combined value after raising approximately $1.3B.
- Mews, Guesty and Hostaway represent around $4.6B in combined hospitality software value against roughly $1.6B of funding, showing the appeal of recurring operational software.
- Prop Tech data and workflow platforms remain valuable across property cycles. Placer.ai, VTS, Juniper Square and Density carry approximately $5.5B in combined midpoint valuation.
- Asset-light software exits have produced strong returns. Lane achieved a $200M acquisition value on $10M of funding, while Matterport reached $1.6B after raising $163M.
- Operationally intensive Prop Tech models show much greater downside risk. Vacasa raised $802M but sold for $129M, an acquisition value approximately 84% below cumulative funding.
- Several distressed housing platforms are worth less than the capital invested. Flyhomes, Latch, EasyKnock and Sonder illustrate how financing risk, regulation and operating costs can erase equity value.
- The median Prop Tech company is valued at approximately $313M, while Airbnb is worth about 278 times that amount, confirming a large gap between the market leader and a typical company.

This chart, included in our Prop Tech market deck, looks at Compass’s strategy in proptech
A few word about our methodology
As you can see, we built a database that ranks startups in the Prop Tech market based on their current valuation.
Estimating Prop Tech startup valuations is not always straightforward. Many companies do not publicly disclose their valuation, and the available information can vary widely depending on the company and its stage.
To build this ranking, we applied a structured valuation methodology and cross-checked information across multiple reliable sources.
Whenever possible, we relied on direct disclosures. These include announced valuations from completed funding rounds, public filings for listed companies, or official acquisition prices.
When a Prop Tech company is publicly listed, we use its current market capitalization as the reference valuation.
If a company was acquired and no independent valuation can reasonably be estimated today, we use the acquisition price as the main reference point.
When a startup recently raised capital but the valuation was not disclosed, we estimate the implied valuation using typical dilution levels for that stage of fundraising.
In some cases, we also estimate valuations using operating metrics such as revenue, ARR, transaction volume, managed properties or customer traction. We combine these metrics with valuation multiples from comparable Prop Tech companies.
When direct financial data is not available, we may rely on carefully selected comparable startups and other signals such as hiring growth, investor quality, geographic reach, customer adoption or product traction.
All estimates follow a strict evidence hierarchy. Recent funding rounds with announced valuations carry the most weight, followed by strong operating metrics and comparable company analysis.
We also carefully evaluate the age of every data point. Recent information carries more weight, while older data is treated cautiously and adjusted conservatively when necessary.
Whenever information is uncertain or incomplete, we clearly distinguish between confirmed facts and reasonable inferences.
Because valuation data is not always fully public, each Prop Tech startup in the ranking is assigned a confidence level based on the reliability, recency and consistency of the available evidence.
Full confidence means the valuation is supported by strong and recent evidence. Strong confidence means the estimate is well supported but includes minor inference. Partial confidence means the estimate relies more heavily on indirect signals. Low confidence means available information is limited or inconsistent.
When confidence is lower, we take a more conservative approach by widening the valuation range. This helps reflect the uncertainty and increases the probability that the true valuation falls within the estimated range.
This reflects how we conduct all our research, including the work behind our report covering the Prop Tech market.
In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.
If you want the full detail on a specific valuation estimate, feel free to contact us and we will gladly explain.
Finally, know that we update the dataset once per month, so come back here if you need fresh information.

This chart, included in our Prop Tech market deck, illustrates yearly funding for proptech startups
Related blog posts
- What is the latest news in Prop Tech?
- What are the latest funding developments in Prop Tech?
- What has changed recently in Prop Tech?
- How funding activity has changed in Prop Tech
- What are the key fundraising trends in Prop Tech?
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