Who is Still Investing in Real Estate Tech? 2H 2024 Edition
Our updated list of firms actively investing in real estate technology companies
Last week, we shared the 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 assessment of who is (and is not) still actively investing in proptech companies.
Overall, investors are more optimistic than they’ve been in the recent past, with more than two thirds of surveyed investors anticipating deal activity to increase over the next twelve months. But clearly way fewer deals are getting done today than in prior years, with real estate venture deal volume at multi-year lows.
Market weakness aside, we were able to identify at least 45 firms still actively investing in real estate tech—either proptech-focused firms or generalists with a strong track record of investing in the sector. 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.
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