Annie Case of Kleiner Perkins, Nima Wedlake of Thomvest Ventures, Chris Yip of RET Ventures, Merritt Hummer of Bain Capital, and Daniel Fetner of Alpaca.
Kleiner Perkins; Thomvest Ventures; RET Ventures; Bain Capital Ventures; Alpaca; fonikum/Getty; Anna Kim/Insider
Insider asked 11 venture-capital investors to identify the top up-and-coming proptech startups.
Investors nominated real-estate tech companies both in and outside of their own portfolios.
They identified 21 proptech startups as the most promising in a cooling housing market.
Funding for real-estate tech — more widely known as proptech — boomed in 2021. Startups of all stripes, including those that help buyers and renters score homes or help landlords manage properties and those that support firms in constructing and managing big buildings, attracted a record $32 billion.
But this year, interest rates spiked. Money became more expensive to borrow. Housing markets are slowing down. And layoffs at proptech companies have become common. That makes it harder for such startups to find customers and woo venture capitalists.
To identify the startups that deserve the most attention right now, we polled a dozen venture capitalists who invest in proptech. We asked them to name such companies — including at least one that isn’t in their portfolio — and explain why their picks are on track for success.