Who is Still Investing in Real Estate Tech? 1H 2024 Edition

Earlier this week, we shared the high-level results of Thesis Driven’s biannual real estate tech investor survey. Today’s letter will dig into the specific investors tackling each sector and Thesis Driven’s estimates of who is still actively investing in proptech companies.

Broadly, investors expect a rebound in 2024 from the past year’s lows, with almost 2/3 of real estate tech investors expecting a higher volume of venture dollars deployed this year. But capital is unlikely to be evenly distributed across categories. Some sectors—data and AI and construction tech, for example—draw tremendous interest, while others such as brick-and-mortar and consumer business are left out in the cold.

Today’s letter will dive into firm-by-firm data. 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 of most interest;
• Whether they invest in “PropCo” structures as well;
• An example recent investment.

Read on for the full list. If any investors not on this list would like to be included, please reach out to me at brad@thesisdriven.com for a link to the poll.