Who is Investing in Real Estate Tech? 2026 Edition

Every year, Thesis Driven publishes the results of our exclusive real estate tech investor survey in which we poll representatives of more than 50 venture firms known to invest in the real estate tech category. (You can find last year’s results here).

For most firms, we were able to gather:

• Whether or not they lead rounds and are still making investments;
• Stages at which they invest;
• Sectors of real estate tech they are most interested in;
• Whether they invest in “PropCo” structures;
• An example of a recent investment.

Read on for the full list. It’s for paid subscribers only; please consider subscribing to the Thesis Driven newsletter to support our work.

 If any investors not on this list would like to be included in future editions, please reach out to me at brad@thesisdriven.com for access to the poll. Firms are listed by earliest stage of investment focus, then alphabetically within each stage.

Accelerator Programs

Gutter Capital

Stage: Incubation / Accelerator to Seed

Favorite Categories of Proptech: SaaS, Consumer, Devices / IoT, Services, Blockchain, Data & AI, Construction Tech, Brick-and-Mortar, Clean tech

IS currently making new investments and leads deals. They do not invest on the PropCo side of deals.

Gutter led a yet-to-be-announced pre-seed round of a proptech company earlier this year. They are launching an accelerator program, Elbow Grease, this summer.

MetaProp

Stage: Incubation / Accelerator to Series B

Favorite Categories of Proptech: SaaS, Construction Tech, Brick-and-Mortar, Data & AI, Services

They do not invest on the PropCo side of deals

MetaProp continues to run its eponymous accelerator, with the latest cohort launching this past spring. On the fund side, it participated in AI homebuilding platform Higharc’s $95M Series C earlier this year.

Pi Labs

Stage: Incubation to Series A

IS currently making new investments and leads deals. They do not invest on the PropCo side of deals.

London-based Pi Labs continues to run its accelerator program, with its 12th cohort launching this year. They also publish interesting research such as this one on AI earlier this summer. Earlier this year, it co-led a €7.8M seed round in Companion.energy, a real-time energy-optimization platform for large enterprises.

Second Century Ventures