Real Estate Tech Market Report

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Real Estate Tech - May 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on May 11, 2018.
Real Estate Tech Feed Summary
4
Real Estate Tech > Feed Summary
Online platforms that enable users to search for and buy/rent residential and commercial properties
• Inclusions: Online platforms that connect potential
buyers/renters with owners/agents of residential and
commercial properties available for sale/long-term
lease. Also includes providers of SaaS and on-premise
transaction and data analytics solutions for real estate
professionals.
• Exclusions: Online platforms that enable consumers
to search for and book short-term stays/vacation
rentals.Real estate developers and offline real estate
agents and companies.
• Excludes funding information of Chinese companies Feed in Numbers
Overview
$15.6B
Funding
47
Mega
Companies
10885596
FundedCovered on
Tracxn
11
Unicorns
26
Soonicorns
71
Minicorns
26
IPO’d Cos
342
Late Stage Cos
59
21
Acquisitions
695
DeadPooled
185
Acquihired
Series A+ Cos
CoreLogic
(2010, Irvine, Acq)
Zillow
(2005, Seattle, Public)
WeWork
(2010, New York City, $8.1B)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Real Estate Tech
5
$4.4B - Series H
WeWork (2010, New York City, $8.1B)
$300M - Series G
$760M - Series G
$260M - Series F
$500M - Series G
$210M - Series D
Opendoor (2014, San Francisco, $356M)
$450M - Series F
Compass (2012, New York City, $743M)
$150M - Series D
SMS Assist (2010, Chicago, $255M)
$400M - Series H
$100M - Series E
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Real Estate Tech > Feed Summary > Investment Trend Summary
Seed
Seedcamp (#8), Global Founders Capital (#4), Great Oaks Venture
Capital (#4)
Series A/B RRE Ventures (#5), Vostok New Ventures (#5), Canaan Partners
(#4)
Series C+ SoftBank Group (#4), Fifth Wall Ventures (#3), CapitalG (#2)
Incubators 500 Startups (#37) Y Combinator (#18) MetaProp NYC (#16)
Other Notable
Investors
Kima Ventures (#13), Western Technology Investment (#12),
Frontier Digital Ventures (#11)
Debt Investors
Most Active InvestorsRecent Investments
515
799
1,149
795
298
5
2013 2014 2015 2016 2017 2018*
Y-o-Y # of Companies Founded 148 218 290 262 276 99
$344M
$1.3B $1.6B
$2.3B
$8.1B
$1B
2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
$13.2B
$926M
$636M
$235M
$129M
US
Europe
India
SEA
Israel
$ Funding

Summary of exit outlook in Real Estate Tech
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Goldman Sachs 3
Benchmark Capital 3
Zillow (2005, Seattle, $87M)
Wellington
Management
3
Thrive Capital 2
Accel Partners 2
CommonFloor.com (2007, Bangalore, $60.2M)
Trulia (2005, San Francisco, $32.8M)
Oct 2017 Ten-X Acq by Thomas H Lee Partners for $1.0B
Jun 2017
The Office Group Acq by The Blackstone Group for
$639M
Jul 2014 Trulia Acq by Zillow for $2.5B
Mar 2014 Apartments.com Acq by CoStar Group for $585M
Jul 2011 RentPath Acq by TPG for $525M
Apr 2011 LoopNet Acq by CoStar Group for $860M
Real Estate Tech > Feed Summary > Exit Outlook Summary
Axel Springer SE 2 SeLoger (Jan 2011, $844M), Immoweb (Nov 2012, $163M)
RealPage 2 On-Site (Sep 2017, $250M), ClickPay (Apr 2018, $218M)
CoStar Group 2
LoopNet (Apr 2011, $860M), Apartments.com (Mar 2014,
$585M)
REA Group 2
iProperty Group (Feb 2016, $412M), Hometrack Data
Systems Limited. (May 2018, $200M)
The Blackstone
Group
1 The Office Group (Jun 2017, $639M)
Recent IPOs Top Acquisitions
Real Estate Investar Oct 2015
Real estate investment management and dis…
IPO MCap: $12.4M Current MCap: $1.6M
AppFolio Jun 2015
Property management solution
IPO MCap: - Current MCap: $1.8B
Black Knight Financial Services May 2015
Technology provider for loan life cycle m…
IPO MCap: $1.6B Current MCap: $6.6B
OnTheMarket Feb 2018
UK based property portal owned by agents
IPO MCap: - Current MCap: -
Redfin Jul 2017
National Real Estate Brokerage
IPO MCap: - Current MCap: $1.2B
CoAssets May 2016
Real estate crowdfunding platform
IPO MCap: $52.7M Current MCap: $23.4M
Purplebricks Dec 2015
Online estate agency
IPO MCap: $360M Current MCap: $1.4B

May 2018Tracxn BlueBox – RealEstate Tech
5595+ companies in the sector, 705 funded in last 5 years, $10.4B invested in last 2 Years
Most Active Investors: 500 Startups, Y Combinator, MetaProp NYC, Techstars, Second Century Ventures
RESIDENTIAL & COMMERCIAL $266M
Discovery Platform
Auction
Bid4Assets (1999, Silver Spring, $9M)
Listing platforms
VivaReal (2009, Sao Paulo, $74.45M)
COMMERCIAL $9.1B
Discovery Platform
Online Brokerage
Truss Holdings (2016, Deerfield, $9.2M)
Listing platform
LoopNet (1995, San Francisco, $50M)
Short-term Booking Platform
Convene (2009, New York City, $119.2M)
Co-working
Managed
RESIDENTIAL $3.6B
Discovery Platform
Online Brokerage
Redfin (2004, Seattle, $165.8M, IPO)
Listing platform
Zillow (2005, Seattle, $87M, IPO)
Re-seller
Opendoor (2014, San Francisco, $320.64M)
Metasearch
Apartment List (2008, San Francisco, $53.37M)
Booking Platform
Students
Student (2011, London, $60M)
Agent Search
HomeLight (2012, San Francisco, $55.5M)
Shared Accomodation
Branded Accommodtion
NestAway (2014, Bangalore, $93.33M)
Co-Living
Common (2015, Brooklyn, $23.35M)
PROPERTY FINANCE $716M
Crowdfunding
CoAssets (2013, Singapore, $736K, IPO)
P2P Lending
Cadre (2014, New York City, $133.3M)
VISUALIZATION $69.7M
Augmented Reality
Virtual View App (2013, London, $500K)
Virtual Tour
IrisVR (2014, New York City, $10.24M)
SOCIAL $38.6M
Agent Network
Resaas (2009, Vancouver, $750K, IPO)
Reviews
LoftSmart (2015, Charlottesville, $4.58M)
ENTERPRISE SOLUTIONS $1.8B
Portfolio Management
VTS (2011, New York City, $87.8M)
For Agents & Landlords
Property Management
AppFolio (2006, Goleta, $30M, IPO)
CRM & Marketing
Placester (2008, Cambridge, $100.83M)
Data & Analytics
HouseCanary (2012, San Francisco, $64M)
For Facility Managers
Building Management
TRIRIGA (2000, Las Vegas, $5M)
Maintenance Management
Accruent (1995, Austin, $71.38M)
Property Inspection
Happy Inspector (2011, San Francisco, $10.88M)
Real Estate Tech > Feed Summary > BlueBox
Cumulative funding in the marketFunding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
For any Feedback and Query reach out to MyAnalyst@tracxn.com
7

Key Sub Sectors in Real Estate Tech Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Commercial > Co-working >
Managed 903 $7.1B 65
Residential > Discovery Platform >
Online Brokerage 173 $956M 50
Enterprise Solutions > For Agents &
Landlords > Property Management >
Rental
384 $163M 29
Enterprise Solutions > For Agents &
Landlords >
CRM & Marketing
392 $140M 36
Enterprise Solutions > For Facility
Managers > Maintenance Management >
CMMS
95 $255M 16
Residential > Shared Accommodations >
Branded Accommodations 91 $93.9M 27
Property Finance >
Crowdfunding 173 $75.1M 38
Commercial > Short-term Booking Platform
>
Venues
78 $122M 14
Property Finance >
P2P Lending 34 $146M 11
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Commercial
Online platforms that enable and enhance the
buying/selling and leasing of commercial...
1395 180 $9.1B
Residential
buying/selling and renting of residential...
1553 350 $3.6B
Enterprise Solutions
Companies that provide SaaS and native platforms for
managing real estate transactions...
1677 352 $1.8B
Property Finance
Online platforms that enable and enhance real estate
investments and financing
221 71 $716M
Residential & Commercial
buying/selling and leasing of residential...
472 63 $266M
Visualization
Companies that provide solutions for enhancing the
visual aspect of online property listings
160 40 $69.7M
Social Platforms
Online platforms that provide reviews and networking
avenues for real estate professionals,...
118 32 $38.6M
Real Estate Tech > Feed Summary > Summary of Key Markets

List of Notable Companies in Real Estate Tech
Notable Companies in the Sector (1/2)
9
Note: *(Founded Year, Location, Total Funding)
Real Estate Tech > Feed Summary > Notable Companies in the Sector
Public
Black Knight Financial
Services
(2008, Jacksonville)*
Redfin
(2004, Seattle, $166M)
Purplebricks
(2012, Birmingham, $13.3M)
Zillow
(2005, Seattle, $87M)
Property Connect
(2012, San Francisco)
Real Estate Investar
(2006, Gold Coast)
buyMyplace
(2007, Melbourne)
Resaas
(2009, Vancouver, $750k)
AppFolio
(2006, Goleta, $30M)
Zoopla
(2007, London, $13.2M)
Public
Ietty
(2012, Shibuya, $4M)
Rent
(2007, Perth, $3.7M)
Morizon
(2008, Gdynia, $1M)
CoAssets
(2013, Singapore, $736k)
Rightmove
(2000, Milton Keynes)
CIC
(1999, Cambridge)
O-uccino
(2004, Tokyo)
safti
(2010, Toulouse)
Clarocity
(2004, Carlsbad)
Direct Wonen
(1990, The Hague)
Public
CoreLogic
(1987, Sydney)
CoStar
(1987, Washington D.C.)
Entreparticulierscom
(2000, Paris)
OnTheMarket
(2014, London)
Reis
(1980, New York City)
ZipRealty
(1999, Emeryville)
Acquired
Trulia
(2005, San Francisco, $32.8M)
Ten-X
(2007, Irvine, $50M)
LoopNet
(1995, San Francisco)
SeLoger
(2002, Paris)
The Office Group
(2003, London)
Apartments.com
(1998, Chicago)
RentPath
(1989, Atlanta)
iProperty Group
(2007, Kuala Lumpur, $300k)
Market Leader
(1999, Kirkland)
On-Site
(1999, Campbell)
Acquired
ClickPay
(2009, Oradell, $3.7M)
CommonFloor.com
(2007, Bangalore, $60.2M)
Hometrack Data
Systems Limited.
(1999, London)
Hemnet
(1998, Stockholm)
ZipRealty
(1999, Emeryville, $21M)
Immoweb
(1996, Brussels)

List of Notable Companies in Real Estate Tech
Notable Companies in the Sector (2/2)
10
Real Estate Tech > Feed Summary > Notable Companies in the Sector
Unicorns
WeWork
Compass
(2012, New York City, $743M)
Opendoor
(2014, San Francisco, $356M)
SMS Assist
(2010, Chicago, $255M)
PropertyGuru
(2006, Singapore, $178M)

List of Notable Companies by Market in Real Estate Tech
Notable Companies by Market (1/8)
12
Real Estate Tech > Feed Summary > Notable Companies by Market
Discovery Platform
Real estate marketplace in Latin America
Soonicorn. Stage: Series C
Spark Capital, Lead Edge Capital, Kaszek Ventures
and 7 Other Investors
Lamudi (2014, Berlin, $56.4M)
Real estate listing platform
Tengelmann Ventures, Holtzbrinck Ventures,
APACIG and 1 Other Investors
Ten-X (2007, Irvine, $50M)
Discovery portal for reisdential and commercial
properties in United States.
Unicorn. Stage: Acquired
CapitalG, Stone Point Capital, UCLA Ventures and 1
Other Investors
Morizon (2008, Gdynia, $1M)
Web and mobile-based listing platform for real
estate in Poland
Minicorn. Stage: Public
Discovery Platform
iProperty Group (2007, Kuala Lumpur, $300k)
Parent company of property portals in Asia.
Stage: Acquired
SeLoger, Catcha Group, CMB Capital
Rightmove (2000, Milton Keynes)
Online property listings website
Unicorn. Stage: Public
Kayne
Entreparticulierscom (2000, Paris)
Listing platform for real estate and home services in
France.
Stage: Public
OnTheMarket (2014, London)
UK based property portal owned by agents
Stage: Public
SeLoger (2002, Paris)
France's real estate portal
Stage: Acquired
Ardian, Galileo Partners, Alven and 1 Other
Investors
Residential
Discovery Platform
Technology driven Online brokerage firm
Unicorn. Stage: Series F
SoftBank Group, Fidelity Investments, IVP and 18
Other Investors
Residential re-selling solution provider.
Unicorn. Stage: Series D
Fifth Wall Ventures, Lennar, Rialto Capital and 39
Other Investors
PropertyGuru (2006, Singapore, $178M)
Online property listing portal
Unicorn. Stage: Series C
Emtek, Square Peg Capital, TPG and 4 Other
Investors
Redfin (2004, Seattle, $166M)
Annox Capital, Glynn Capital, Wellington
Management and 13 Other Investors

13
Residential
Discovery Platform
Apartment List (2008, San Francisco, $110M)
Apartment Listing Aggregator
John Burbank, Allen & Company, Canaan Partners
PropTiger (2011, Noida, $99M)
Online Broker for Apartments
REA Group, SoftBank Group, NewsCorp and 5 Other
Investors
Zillow (2005, Seattle, $87M)
Real Estate Marketplace
Soonicorn. Stage: Public
Legg Mason, Benchmark Capital, Technology
Crossover Ventures and 2 Other Investors
CommonFloor.com (2007, Bangalore, $60.2M)
Map-based real estate property listing portal
Minicorn. Stage: Acquired
CapitalG, Tiger Global Management, Accel Partners
Discovery Platform
Nested (2016, London, $58.9M)
Residential home re-selling solution provider..
Soonicorn. Stage: Series B
Global Founders Capital, Passion Capital, Tim
Bunting and 4 Other Investors
Trulia (2005, San Francisco, $32.8M)
Residential real estate search engine
Sequoia Capital, Accel Partners, Fayez Sarofim and
9 Other Investors
Knock (2015, New York City, $32.5M)
Online company offering reselling services.
Soonicorn. Stage: Series A
RRE Ventures, Redpoint Ventures, Greycroft
Partners and 5 Other Investors
ZipRealty (1999, Emeryville, $21M)
Online real estate brokerage in the United States
Stage: Acquired
Benchmark Capital, Barrington Partners, Industry
Ventures
Discovery Platform
Purplebricks (2012, Birmingham, $13.3M)
Axel Springer SE, DN Capital
Zoopla (2007, London, $13.2M)
UK based Property portal
Balderton Capital, Episode 1 Ventures, Samos
Investments and 5 Other Investors
Ietty (2012, Shibuya, $4M)
Real estate online brokerage provider
Investors Cloud, Sansei Capital Investment, Mizuho
Capital and 4 Other Investors
Rent (2007, Perth, $3.7M)
Listing platform for residential apartment for users
in Australia.
Stage: Public

14
Residential
Discovery Platform
Apartments.com (1998, Chicago)
Listing platform to rent residential apartments in
the US.
Stage: Acquired
O-uccino (2004, Tokyo)
Web and mobile-based listing platform for
residential real estate
Stage: Public
CyberAgent Ventures
safti (2010, Toulouse)
Online brokerage firm for residential real estate
Stage: Public
Direct Wonen (1990, The Hague)
Online listing platform for renters to connect with
property providers in Netherlands
Stage: Public
Qmulus
Discovery Platform
buyMyplace (2007, Melbourne)
Platform to sell your house
Stage: Public
Tauro Capital Partners
Hemnet (1998, Stockholm)
Listing platform for residential property in Sweden.
Stage: Acquired
General Atlantic, Mklarsamfundet, FMF and 1 Other
Investors
Immoweb (1996, Brussels)
Platform to finding apartments and houses
Stage: Acquired
RentPath (1989, Atlanta)
Portfolio of real estate rental listing websites for
residential units.
Stage: Acquired
TPG
Booking Platform
Student (2011, London, $60M)
Global marketplace for Student housing primarily
for international students.
Breyer Capital, Vy Capital, Horizons Ventures and 2
Other Investors

15
Residential
Shared Accommodations
Marketplace for furnished shared rentals
Soonicorn. Stage: Series D
Goldman Sachs, Tiger Global Management, IDG
Ventures India and 16 Other Investors
Commercial
Discovery Platform
LoopNet (1995, San Francisco)
Commercial Real Estate Marketplace
Calera Capital, Trinity Ventures, Rustic Canyon
Short-term Booking Platform
Convene (2009, New York City, $119M)
Platform for conference rooms.
Brookfield, Conversion Venture Capital, ArrowMark
Breather (2012, Montreal, $73M)
On-demand Private Room Reservation
Menlo Ventures, Valar Ventures, RRE Ventures and
7 Other Investors

16
Commercial
Co-working
Co-working work space community
Unicorn. Stage: Series H
SoftBank Group, Hony Capital, Jin Jiang Hotels and
13 Other Investors
Industrious (2013, New York City, $156M)
Managed co-working and private office space
provider
Riverwood Capital, Fifth Wall Ventures, Outlook
Development Group and 5 Other Investors
The Wing (2016, New York City, $40M)
Provider of a co-working space and offline
community space for women entrepreneurs and
freelancers
WeWork, New Enterprise Associates, KPCB and 5
Other Investors
Co-working
CIC (1999, Cambridge)
Provider of managed co-working spaces
Stage: Public
HB REAVIS
The Office Group (2003, London)
Flexible work space provider in the UK
Stage: Acquired
Social Platforms
Agent Network
Resaas (2009, Vancouver, $750k)
Networking platform for real estate professionals
Stage: Public

17
Property Finance
P2P Lending
Cadre (2014, New York City, $133M)
Real estate investment platform
Andreessen Horowitz, Ford Foundation, General
Catalyst Partners and 9 Other Investors
LendInvest (2013, London, $58.6M)
P2P Lending for Mortgages
Macquarie Group, Atomico, Kunlun Wanwei
Crowdfunding
RealtyShares (2013, Mountain View, $65.8M)
Crowdfunding for Real Estate
Cross Creek Advisors, Danhua Capital, Barry
Sternlicht and 8 Other Investors
Fundrise (2010, Washington D.C., $54.6M)
Guggenheim Partners, Renren, WestMill Capital and
2 Other Investors
Realty Mogul (2012, Los Angeles, $46.2M)
Online real estate equity and debt based
crowdfunding platform.
Sorenson Capital, Canaan Partners, Microsoft
Ventures and 7 Other Investors
Crowdfunding
Property Partner (2014, London, $32.6M)
Equity based crowdfunding platform for real estate
investments
Dawn Capital, Index Ventures, Octopus Ventures
CoAssets (2013, Singapore, $736k)
Editor's Pick. Stage: Public
Expara, MDA Singapore

18
Placester (2008, Cambridge, $101M)
Real Estate Marketing platform
Soonicorn. Stage: Series D
New Enterprise Associates, Romulus Capital, Angel
Street Capital and 3 Other Investors
Buildium (2004, Boston, $85M)
Cloud property management software for property
managers and community associations
Sumeru Equity Partners, K1 Investment
Management, Tao Capital Partners
Data & predictive analysis for real estate industry
Alpha Edison, PSP Partners, Raven Ventures and 7
Other Investors
Reonomy (2013, New York City, $39.7M)
Commercial real estate research
Silicon Valley Bank, Bain Capital Ventures, Barry
Sternlicht and 9 Other Investors
AppFolio (2006, Goleta, $30M)
E.ventures, Cisco, Infinity Venture Partners and 1
Other Investors
ClickPay (2009, Oradell, $3.7M)
Electronic billing and payment solutions for the
multi-housing industry
Stage: Acquired
Originate Ventures, Thayer Street Partners
Management, Activate Venture Partners
Hometrack Data Systems Limited. (1999,
London)
Data & Analytical solution for residential properties
in the UK
Stage: Acquired
Property Connect (2012, San Francisco)
Software solution for the rental management
industry
Stage: Public
On-Site (1999, Campbell)
Leasing platform for property managers and
renters
Stage: Acquired
Clarocity (2004, Carlsbad)
Data & Analytical solution for the valuation of
residential housing in the United States
Stage: Public
StableView Asset Management, Omicelo
Black Knight Financial Services (2008,
Jacksonville)
Technology provider for loan life cycle
management
Stage: Public
Thomas H Lee Partners

19
CoreLogic (1987, Sydney)
Property information, analytics and data-enabled
solutions provider
Stage: Public
CoStar (1987, Washington D.C.)
CRE information and database
Stage: Public
Founders Equity
Market Leader (1999, Kirkland)
Real Estate Marketing solution
Stage: Acquired
Chicago Growth Partners, Denny Hill Capital
Reis (1980, New York City)
Commercial Real Estate Information and Analytics
Stage: Public
ZipRealty (1999, Emeryville)
Real estate CRM solution.
Stage: Public
Portfolio Management
VTS (2011, New York City, $87.8M)
Leasing and asset management software for
brokers, investors & owners.
Insight Venture Partners, OpenView, Trinity
Ventures and 11 Other Investors
Real Estate Investar (2006, Gold Coast)
Real estate investment management and discovery
software provider
Stage: Public
For Facility Managers
Multisite property management technology and
service provider
Unicorn. Stage: Series D
Goldman Sachs, Insight Venture Partners, Pritzker
Group and 2 Other Investors

List of Notable Companies in Real Estate Tech in China
Notable Companies in the Sector in China
20
Real Estate Tech > Feed Summary > Notable Companies in the Sector in China
Public
SouFun
(1999, Beijing, $6M)
MySoft
(2003, Shenzhen)
TechTemple
(2013, Beijing)
House365
(2004, Nanjing, $17M)
Acquired
Naked Hub
(2015, Shanghai, $15M)
Anjuke
Unicorns
UrWork
(2015, Beijing, $1.4B)
Lianjia
(2001, Beijing, $1.3B)
Mofang Gongyu
(2010, Shanghai, $560M)
Fangdd
(2011, Shenzhen, $311M)
Aiwujiwu
(2014, Shanghai, $270M)
SouFun
(1999, Beijing, $6M)
Soonicorns
Haowu.com
(2012, Suzhou, $157M)
Qingke Gongyu
(2012, Shanghai, $129M)
Mogoroom
Anjuke
Tuliu
(2009, Changsha, $31.3M)
House365
(2004, Nanjing, $17M)

Recent News in Real Estate Tech Sector
Recent News
21
Real Estate Tech > Feed Summary > Recent News
May 2018
Zoopla's parent group ZPG looks set to be taken over by US private
equity firm Silver Lake for £2.2bn, City A.M.
May 2018
Chinese Long-Term Apartment Leasing Firm Uoko.com Raises
$157M C1 Round, China Money Network
May 2018
Redfin First-Quarter 2018 Revenue up 33% Year-over-Year to $79.9
Million, GlobeNewswire
May 2018 BatDongSan launches YouTube TV channel, AIM Group
May 2018 Lianjia.com rebrands, to become open platform, AIM Group
May 2018
Emoov and Tepilo to merge in bid to create challenger online estate
agent, City A.M.
May 2018
William Raveis Real Estate and Adwerx Partner On Listing
Advertising Strategy, PR Newswire
May 2018 Uoko houses corporates in $157m round, Global Corporate Venturing
May 2018
The AEC Industry Creates Over 108,000 Virtual Reality (VR)
Experiences with IrisVR, PR Newswire
May 2018 RealtyMogul invests $4.9 mln in two shopping malls, PE Hub
May 2018
ATTOM Data Solutions Launches New Online Marketing List
Creation Platform With Data For 155 Million U.S. Properties, PR
Newswire
May 2018
Savanna Signs 23,000-SF Lease With Knotel At 31 West 27th Street,
Citybizlist
May 2018
Open Listings Partners With Loan Officers to Help Buyers Get Pre-
Approved, PRWeb
Key Recent News Key Recent News
May 2018 Brand Strategy Propels AkitaBox Into New Era, PR Newswire
May 2018
Frontsteps Launches Game-Changing New Security Product, PR
Newswire
May 2018
CoreLogic has launched new websites for online clients, Property
Portal Watch
May 2018
Adfenix reaches new levels of success in Australia, Property Portal
Watch
May 2018
HousingAnywhere gets €6M Series B funding: Here’s what you
didn’t know about this killer Rotterdam scaleup, Silicon Canals
May 2018
Sharestates Partners with Prominent Bank Partners and Equity
Investors to Launch New $300 Million Fund; Coinciding with
Launch of their Powerful Real Estate Equity Platform - Syndicate
Profile, PR Newswire
May 2018
Dealpath Integrates With iLevel and Surpasses $500 Billion in Real
Estate Volume, PR Newswire
May 2018
Furnished Quarters Launches MyFQ 2.0, a Powerful Evolution of its
Guest and Client Portal, Citybizlist
May 2018
Intenze Founder Mario Barth Named President of Coalition for
Tattoo Safety, Citybizlist
May 2018
Building Engines Announces Move to Boston Amid Strong
Momentum; Company's Cloud-based Platform Now Serves 1.6
Billion Square Feet, PRWeb
May 2018 Transwestern Completes Sale And Lease Transactions, Citybizlist

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
22
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

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$1.6B
$2.3B
$8.1B
$1.0B
0
50
100
150
200
250
300
350
$0k
$1.B
$2.B
$3.B
$4.B
$5.B
$6.B
$7.B
$8.B
$9.B
2011 2012 2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
3 Year CAGR
6 Year CAGR
Investments ($M) and number of rounds in Real Estate Tech; 2011-2018
Global Funding Trends (1/2)
24
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Real Estate Tech > Investment Trends > Global Funding Trends
#Rounds
$Funding
119% $ Funding
83% $ Funding
28% # of Rounds
8% # of Rounds

$19M $28M $46M $77M $110M $109M
$134M
$41M
$40M
$152M
$241M
$407M
$608M
$722M $982M
$355M
$15M $58M $822M $844M $1.5B $7.B $630M
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
48 64 106 152 193 151 139 47
13 21 36 56 87
90
117 42
1 2 6 10 10 21 20 10
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
62
99
Total # of Rounds
$0K $47M $155M
$970M $1.B
$1.8B
$7.5B
$754M
0
5
10
15
20
25
30
35
0
1E+09
2E+09
3E+09
4E+09
5E+09
6E+09
7E+09
8E+09
2011 2012 2013 2014 2015 2016 2017 2018 YTD
$ Funding # of Rounds
25
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Real Estate Tech; 2011-2018
Real Estate Tech > Investment Trends > Global Funding Trends
108
85
124
171
113
120 721
$0.7M $1.4M
$0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
$3.5M
0
100
200
300
400
500
600
700
800
2012 2013 2014 2015 2016 2017 2018 YTD Total
Entrants in Funding Club Avg. Ticket Size
- 1 4 13 16 24 32 8 $0.7M $0.8M $1.4M $1.4M $2.5M $3.1M - $1.4M
$74M
$1.0B
Total $ Invested

Real Estate Tech > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Real Estate Tech
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
New York City 9.8B 192
Bay Area 1.2B 179
London 477M 117
Seattle 289M 39
Chicago 263M 24
Delhi NCR 243M 63
Singapore 207M 25
Los Angeles 206M 32
Bangalore 197M 50
Mumbai 169M 35
Total Funding
882
341
163
68
17
30
30
13
# Rounds
$13.2B
$926M
$636M
$235M
$129M
$111M
$89.1M
$57.5M
US
Europe
India
SEA
Israel
Latam
Canada
South Korea
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.6 $0.7
$0.5
$0.7
$0.8
$1.1 $1.2
2011 2012 2013 2014 2015 2016 2017
$4.2 $5.0 $5.4 $5.9 $6.5 $5.9 $6.7
$5.7
$14.4 $13.6
$20.7
$15.8 $16.1
$19.4
$14.8 $0.0 $28.8
$91.3 $84.4 $97.9
$408.9
Real Estate Tech > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Real Estate Tech; 2011-2018
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$4K* $14.6M
$29.6K $34.2M
$1.3M $70M
$2M $4.4B
$50M
$13M
$4.4M
$500K
Series C+
Series B
Series A
Seed
Stage

Note: 463 companies with undisclosed funding amount are not included
28
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
256
277
106
29
12
No. of Companies
Real Estate Tech > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Real Estate Tech; as of May 2018
Distribution of companies by Funding Range
$75M
$879M
$2.2B
$2.B
$10.5B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
19%
6%
2%
1%
29
Note: Numbers in the brackets show the count of companies
Time to raise
next round
59
123
342
1088
5596
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
19% 1%
(70)
1%
(42)
3%
(190)
12%
(695)
65%
(3623)
31% 6%
(60)
3%
(32)
8%
(82)
9%
(95)
52%
(569)
36% 12%
(41)
4%
(13)
8%
(29)
2%
(8)
53%
(182)
48% 28%
(35)
7%
(9)
11%
(13)
2%
(2)
40%
(49)
- 46%
(27)
12%
(7)
8%
(5)
- 39%
(23)
Real Estate Tech > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Real Estate Tech
Funding Funnel
16 Months
15 Months
14 Months
Investment backedBootstrapped
26
11
16
21
5
5
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Real Estate Tech > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Real Estate Tech; May 2016-May 2018
Notable Investments in last 24 months (1/10)
LATE STAGE
$4.4B - Series H Aug 2017
SoftBank Group
$760M - Series G Jul 2017
$500M - Series G Jul 2017
Hony Capital, SoftBank Group
$450M - Series F Dec 2017
SoftBank Group
$400M - Series H Mar 2018
LATE STAGE
$300M - Series G Mar 2017
SoftBank Group
$260M - Series F Oct 2016
Jin Jiang Hotels
$210M - Series D Nov 2016
Residential re-selling solution provider.
Norwest Venture Partners, New Enterprise
Associates, Khosla Ventures, GGV Capital, Access
Industries, Lakestar, Silicon Valley Bank, Caffeinated
Capital, Fifth Wall Ventures, Felicis Ventures
$150M - Series D Jun 2016
Multisite property management technology and
service provider
Goldman Sachs, Insight Venture Partners, Pritzker
Group
LATE STAGE
$100M - Series E Nov 2017
Fidelity Investments, IVP, Wellington Management
$80M - Series C Feb 2018
provider
Riverwood Capital, Fifth Wall Ventures, , Outlook
Development Group, Rabina Properties, Wells Fargo,
Schechter Wealth
$75M - Series D Sep 2016
Wellington Management, Founders Fund, Thrive
Capital, IVP

LATE STAGE
$68M - Series C May 2017
Brookfield, Conversion Venture Capital, ArrowMark
Partners, The Durst Organization, Elysium Capital
Management
$65M - PE Jun 2016
Sumeru Equity Partners
$65M - Series C Jun 2017
Andreessen Horowitz, Ford Foundation, General
Catalyst Partners, Goldman Sachs, Khosla Ventures,
Thrive Capital, Jim Breyer
$55M - Series C Jan 2017
REA Group, SoftBank Group
LATE STAGE
$51M - Series D Mar 2018
Marketplace for furnished shared rentals
Goldman Sachs, Tiger Global Management, IDG
Ventures India, Schroder Adveq
$50M - Series D Mar 2017
Placester (2008, Cambridge, $101M)
Real Estate Marketing platform
New Enterprise Associates
John Burbank, Allen & Company, Canaan Partners,
Industry Ventures, Matrix Partners, Tenaya Capital,
WTI
$50M - Series C Nov 2017
Bond Collective (2012, New York City, $50M)
LATE STAGE
$40M - Series C Dec 2017
Community living space in the United States
Norwest Venture Partners
$40M - Series C Dec 2016
Breather (2012, Montreal, $73M)
On-demand Private Room Reservation
Menlo Ventures, Valar Ventures, RRE Ventures, Slow
Ventures, Real Ventures
$40M - Series C Feb 2018
Mixer (2016, Tel Aviv, $40M)
Co-working space provider in Tel Aviv, Israel
$35M - Series C Oct 2017
Roofstock (2015, Oakland, $75.3M)
Online marketplace for tenant-occupied rental
properties
Canvas Ventures, Bain Capital Ventures, Lightspeed
Venture Partners, Khosla Ventures, Nyca, QED
Investors, FJ Labs

LATE STAGE
$28M - Series C Sep 2017
Cross Creek Advisors, Danhua Capital, Barry
Sternlicht, Bow Capital, Union Square Ventures,
General Catalyst Partners, Menlo Ventures
$26.7M - Series C Dec 2017
HouseSimple (2007, Sudbury, $53.2M)
Online estate agency for residential properties in UK.
FrestonVentures, Toscafund Asset Management,
Charles Dunstone
$15M - Series C Nov 2017
Harriman Capital
properties
Asia Pacific Land, Silicon Valley Bank
LATE STAGE
Series D Oct 2017
Lead Edge Capital
Series C Feb 2018
Reonomy (2013, New York City, $39.7M)
Commercial real estate research
Bain Capital Ventures, , , Barry Sternlicht, SoftBank
Group, Lerer Hippeau Ventures, Primary Venture
Partner, KEC Ventures
EARLY STAGE
$70M - Series B Apr 2018
Knotel (2015, New York City, $95M)
Managed co-working space for startups.
Sapir, Newmark Grubb Knight Frank, Moinian,
Wainbridge,
$54M - Series B May 2017
ServiceChannel (1999, New York City, $54M)
Provider of a SaaS solution for facility management
Accel Partners, Etsy
$50M - Series B Mar 2017
SmartZip (2009, Pleasanton, $23.9M)
Predictive Marketing Technology for the Real Estate
Industry
Toba Capital
$47.5M - Series B Oct 2017
Global Founders Capital

EARLY STAGE
$40M - Series B Aug 2017
HomeLight (2012, San Francisco, $55.5M)
Data Driven Realtor Search
Menlo Ventures, Citi, SGVC, Crosslink Capital,
Innovation Endeavors
$37M - Series B Sep 2016
provider
Riverwood Capital, Outlook Ventures
$36M - Series B Oct 2017
ResMan (2012, Plano, $36M)
Multi-family property management software
solutions.
Mainsail Partners
Qualia (2015, San Francisco, $40M)
Provider of SaaS-based business management suite
for title and closing companies
Menlo Ventures, 8VC, Bienville Capital, Barry
Sternlicht
EARLY STAGE
$33M - Series A Jan 2017
Raven Ventures, Europlay Capital Advisors, Kobe
Bryant
$32.5M - Series A Jun 2016
Yopa (2015, London, $79M)
Provider of online brokerage services
Banque Havilland, Savills, Catalina, Daily Mail, Rita
Sharma
$32.5M - Series A Jan 2017
RRE Ventures, Redpoint Ventures, Greycroft
Partners, Correlation Ventures, Great Oaks Venture
Capital, FJ Labs
EARLY STAGE
$32M - Series B Nov 2017
freelancers
WeWork
$31M - Series B Sep 2017
Alpha Edison, PSP Partners
Canaan Partners, Glynn Capital, Matrix Partners
OfferPad (2015, Gilbert, $30M)
Online platform to sell residential houses.

EARLY STAGE
$29.5M - Series B Apr 2018
PeerStreet (2013, Los Angeles, $50.6M)
Marketplace for secured real estate loans.
World Innovation Lab, Andreessen Horowitz,
Thomvest Ventures, Colchis Capital, Felicis Ventures,
Solon Mack Capital, Navitas Capital
$27M - Series A May 2017
Opcity (2015, Austin, $27M)
Cloud-based platform to match the real estate agents
to buyers/sellers
Icon Ventures, Georgian Partners, LiveOak Venture
Partners
$26.5M - Series B Sep 2016
Building Engines (2000, Waltham, $26.5M)
Web-based property and tenant management
system
Bain Capital Ventures, River Cities Capital Funds,
MassMutual Ventures, Camber Creek, Hermes GPE,
Wavecrest Growth
EARLY STAGE
LSL PropertyServices
provider
Riverwood Capital
$25M - Series A Feb 2017
Bloomberg Beta, 500 Startups, Rocket Internet,
Joseph Meyer,
$20.6M - Series B May 2017
Daily Mail, Grosvenor Fund, Daily Mail & General
Trust, Savills, Catalina, Rita Sharma
EARLY STAGE
Arrowpoint Partners, Boathouse Capital, Sunrise
Capital, Brookfield
properties
Lightspeed Venture Partners, Khosla Ventures, Bain
Capital Ventures, QED Investors, SV Angel, Nyca
$20M - Series B Dec 2017
Mindspace (2013, Tel Aviv, $35M)
Managed co-working space provider.
Awfis (2015, Delhi, $30M)
Co working space marketplace
Sequoia Capital
$18.9M - Series B Jun 2016
Online estate agency for residential properties in UK.

EARLY STAGE
Zumper (2012, San Francisco, $39.2M)
Platform for apartment rentals
Breyer Capital, Foxhaven Asset Management, KPCB,
Goodwater Capital, Xfund, Marcus& Millichap
$16M - Series B Jun 2016
Lowercase Capital, Maveron, LeFrak, Solon Mack
Capital, Circle Ventures, Slow Ventures, 8VC,
Inevitable Ventures, Wolfswood Partners
$15M - Series B Jan 2018
REX (2015, Woodland Hills, $30M)
Scott McNealy, Gordon Segal, Amit Singhal, Richard
Schulze, Jack Greenberg
$15M - Series A Nov 2016
PeerStreet (2013, Los Angeles, $50.6M)
Marketplace for secured real estate loans.
Andreessen Horowitz, Kaiser Family Found,
Rembrandt Venture Partners, Montage Ventures
EARLY STAGE
$14M - Series B Feb 2018
Homesnap (2008, Washington D.C., $32M)
Discover homes through snapshots
Updata, Moderne Ventures
CrediFi (2013, Modiin, $23M)
A big data platform serving the CRE finance market.
Liberty Interactive, 31VENTURES, Battery Ventures,
OurCrowd, Stax, Global Brain, Viola Group
$13M - Series B Jun 2016
Rooomy (2009, San Jose, $13M)
Provider of 3D virtual staging solutions to real estate
and retail industry
$12.1M - Series A Jul 2016
provider
EARLY STAGE
APPEAR HERE (2012, London, $21.4M)
Marketplace for short term retail space
Octopus Ventures, Balderton Capital, Meyer
Bergman, Playfair Capital, MMC Ventures, Simon
Ventures
OpenAgent (2012, Sydney, $15.1M)
Real-Estate Agent Aggregator
Reinventure Group, Breakthrough Lab, Qualgro GP
Square Yards (2013, Delhi, $33M)
Online real estate advisory and brokerage firm
Reliance Group
$11M - Series A Jul 2017
Serendipity Labs (2011, Rye, $11M)

EARLY STAGE
PeerSpace (2013, San Francisco, $22.5M)
Marketplace for creative spaces.
Foundation Capital, Red Bridge Partners, Carthona
Capital, Mitsui Fudosan
Roomi (2013, New York City, $18.4M)
Platform to connect with like-minded room mates.
Atami Capital, DCM Ventures, Great Oaks Venture
Capital, Cyan Banister, Rosecliff Ventures,
Townsquare Media, JXC Ventures
$10.8M - Series A Mar 2018
Mobile inspection platform for property managers
Alium Capital Management, Tempus Partners,
PieLAB, Larsen Ventures, Sandalphon Capital
$10M - Series B Jan 2017
Andre Hoffmann, Lohia Corp Limited
EARLY STAGE
Badi App (2015, Barcelona, $10.3M)
Social marketplace to find a room mate and sublet.
Spark Capital
Passion Capital, Global Founders Capital, Tim
Bunting, Picus Capital, Rhythm Venture Capital,
Rocket Internet
$9.3M - Series A Oct 2017
BrickVest (2014, London, $14.2M)
Berlin Hyp
$9.1M - Series A Jul 2016
Exporo (2014, Hamburg, $18M)
Real Estate investment platform.
e.ventures, Holtzbrinck Ventures
EARLY STAGE
$8.9M - Series B May 2017
Exporo (2014, Hamburg, $18M)
Real Estate investment platform.
e.ventures, Holtzbrinck Ventures, Sunstone
Goodlord (2014, London, $11.9M)
Rental Management software provider
Global Founders Capital, LocalGlobe, Ribbit Capital,
Rocket Internet
$8.5M - Series B Aug 2016
Cozy (2012, San Francisco, $18.4M)
Rental management software
American Family Ventures, General Catalyst
Partners, Social Capital, Seven Peaks Ventures
$8M - Series A Apr 2017
freelancers
New Enterprise Associates, KPCB, BBG Ventures,
Julie Rice, Elizabeth Cutler

EARLY STAGE
$8M - Series A Oct 2016
Dealpath (2014, San Francisco, $10.6M)
Collaboration and Workflow Platform for CRE
professionals
Formation 8, Deep Fork Capital, LeFrak, Bechtel,
GOLDCREST CAPITAL
$8M - Series A Oct 2016
IrisVR (2014, New York City, $10.2M)
Virtual reality-based tools for the AEC industry
Emergence Capital, Indicator Ventures, Pritzker
Group, Valar Ventures, Azure Capital Partners,
Morningside Ventures
Mobile inspection platform for property managers
500 Startups, Point Nine Capital, Flight Ventures,
Sandalphon Capital
$7.3M - Series A Sep 2016
Splacer (2014, Tel Aviv, $9M)
Solution to book short-term space for an event.
NFX
EARLY STAGE
$7.1M - Series A Aug 2017
Amitree (2012, San Francisco, $13M)
Solutions through life cycle of real estate buying
Vertical Venture Partners, Accel Partners, Tom
Gonser, Seven Peaks Ventures
Homesnap (2008, Washington D.C., $32M)
Discover homes through snapshots
$7M - Series B Dec 2016
NoBroker (2014, Bangalore, $20M)
Online P2P broker-free flats & flatmates search
platform
KTB Ventures, SAIF Partners, Beenext, DG
Incubation, Mamoru Taniya, Beenos, Anand
Chandrashekaran, Vijay Shekhar Sharma
BroEx (2014, Gurgaon, $7.3M)
Networking, communication and property search
app for real estate brokers
Lightspeed Venture Partners, Blume Ventures,
GrowX Venture Management, CyberAgent Ventures,
Tekton Ventures, Herb Madan, Spiral Ventures
EARLY STAGE
$4M - Series A Jul 2017
OneDome (2016, London, $4M)
Provider of data analytics and order management
solutions for real estate industry
Edward Rumble, David Giampaolo
PeerSpace (2013, San Francisco, $22.5M)
Marketplace for creative spaces.
$3.1M - Series A Aug 2017
Landbay (2013, London, $13.7M)
P2P lending platform for residential mortgage
investments.
Gavl (2015, Hawthorn, $4.3M)
Solution for broadcasting property auctions

EARLY STAGE
$2.3M - Series A Apr 2018
Landbay (2013, London, $13.7M)
P2P lending platform for residential mortgage
investments.
HeadBox (2015, London, $3.9M)
Online marketplace for offsite spaces
Egora Holding
$1.8M - Series A Jan 2018
BroEx (2014, Gurgaon, $7.3M)
Networking, communication and property search
app for real estate brokers
Lightspeed Venture Partners, Blume Ventures, Purvi
Ventures, Tekton Ventures, GrowX Venture
Management, Herb Madan, Rajeev Chopra
Gavl (2015, Hawthorn, $4.3M)
Solution for broadcasting property auctions
EARLY STAGE
$1.8M - Series A Feb 2017
HeadBox (2015, London, $3.9M)
Online marketplace for offsite spaces
Jeremy Thompson, Johan Svanstrom, Wild Blue
Cohort
Realty Mogul (2012, Los Angeles, $46.2M)
Online real estate equity and debt based
crowdfunding platform.
$1.5M - Series B Aug 2017
$1.2M - Series A Sep 2016
ToLet.com.ng (2013, Lagos, $1.2M)
Listing platform in Nigeria.
Frontier Digital Ventures
$800k - Series A Dec 2017
Patch of Land (2013, Los Angeles, $25.6M)
P2P real estate crowdfunding platform.
EARLY STAGE
Series B Jun 2017
properties
German Ventures
Series B Oct 2017
APPEAR HERE (2012, London, $21.4M)
Marketplace for short term retail space
Fifth Wall Ventures
Series B Jun 2016
Lucernex (2000, Plano, $15.4M)
Integrated workplace management software
solutions.
HCAP Partners
Series A Feb 2018
Newmark Grubb Knight Frank

EARLY STAGE
Series A Aug 2016
ZipMatch (2012, Tagum, $3.1M)
Online listing platform for Residential properties.
Kickstart Ventures, Monk's Hill Ventures
SEED STAGE
$2.9M - Seed May 2016
LocalGlobe, Global Founders Capital, Andrew Chell,
Stuart Gardner, Tristan Mckenna, Raffaele Russo,
Charlotte Street Capital, Rocket Internet
$2.5M - Angel Mar 2017
BrickVest (2014, London, $14.2M)
Jean-Romain Lhomme
$1.6M - Seed May 2016
Propellr (2013, New York City, $1.6M)
An online platform for investing in alternative
investment assets.
$1.6M - Seed Sep 2016
Passion Capital, Global Founders Capital, Rocket
Internet, Picus Capital
SEED STAGE
$1.2M - Seed Sep 2017
Property Moose (2013, London, $2.7M)
An equity-based crowdfunding platform for project
developers and investors.
RCP
Seed Jun 2017
Right Side Capital Management
Seed Jun 2016
FJ Labs
Seed Jun 2016
Max Ventures

Real Estate Tech > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
LATE STAGE
Lianjia (2001, Beijing, $1.3B)
O2O real estate services provider
Sunac China
$100M - Series C Apr 2018
Qingke Gongyu (2012, Shanghai, $129M)
Apartment rental and property management for
white-collar workers
Morgan Stanley, Crescent Point Energy
$45.6M - Series C Dec 2017
UrWork (2015, Beijing, $1.4B)
Co-working space and community
Qianhai Indus buyout fund, Medium King
Henderson, Scene Lab
Mogoroom (2014, Shanghai, $85M)
Provider of standardized serviced rental apartments
Giant Interactive, Yunfeng Capital, Giant Interactive
Group, Ant Financial
LATE STAGE
$30M - Series C Aug 2017
Kunming Urban Construction
$17.4M - Series C Feb 2018
Qianhai Indus buyout fund
Series D Nov 2017
Lianjia (2001, Beijing, $1.3B)
O2O real estate services provider
Hillhouse Capital Group, China Renaissance
Series C Mar 2017
Mogoroom (2014, Shanghai, $85M)
Provider of standardized serviced rental apartments
Ant Financial
EARLY STAGE
Australian Capital Land Pty Limited, Beijing Star
Group, iKang Guobin, Sequoia Capital, Noah
Holdings, Sinovation Ventures
Egg Shell Apartment (2014, Beijing, $115M)
Provider of branded rental accommodation
JOY CAPITAL, Bertelsmann Asia Investment Fund,
China Cultural Industry Investment Fund, Banyan
Capital, Yuan Jing Capital
Kr Space (2015, Beijing, $232M)
Co-working space provider for freelancers and
enterprises

Most Active Investors (VC, PE) by Stage in Real Estate Tech; Last 5 years (May 2013-May 2018)
Most Active VC & PE Investors
41
Real Estate Tech > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Seedcamp(8 Investments)
Property Partner, eMoov, Homie
1
Global Founders Capital (4 Investments)
Nested, Goodlord, Proprioo
2
Great Oaks Venture Capital (4
Investments)
Roomi, Storefront, VeryApt
3
Right Side Capital Management(4
Investments)
Compass, Pilotworks, Leaseful
4
CyberAgent Ventures(3 Investments)
Space Market, InsiteVR, Batdongsan
5
FJ Labs (3 Investments)
Knotel, TripleMint, HOME61
6
General Catalyst Partners (3 Investments)
RealtyShares, RealCrowd, Hub Haus
7
500 Startups Japan (2 Investments)
Dverse, Spacee
8
Accel Partners (2 Investments)
Amitree, Stanza Living
9
Battery Ventures(2 Investments)
UpKeep Maintenance, HomeSuite
10
EARLY STAGE
RRE Ventures(5 Investments)
VTS, Breather, Floored
1
Vostok New Ventures (5 Investments)
Bayut.com, Housing Anywhere, Property Finder
2
Canaan Partners(4 Investments)
Apartment List, Realty Mogul, IndiaProperty
3
Menlo Ventures (4 Investments)
RealtyShares, HomeLight, Qualia
4
Bain Capital Ventures(3 Investments)
Reonomy, Roofstock, Building Engines
5
New Enterprise Associates(3 Investments)
Placester, IndiaHomes.com, The Wing
6
Pritzker Group (3 Investments)
Hightower, IrisVR, FlyHomes
7
Sequoia Capital (3 Investments)
Grabhouse, 99.co, Awfis
8
SV Angel (3 Investments)
Opendoor, Roofstock, Storefront
9
8VC (2 Investments)
Common, Qualia
10
LATE STAGE
SoftBank Group (4 Investments)
WeWork, Housing.com, Compass
1
Fifth Wall Ventures(3 Investments)
VTS, Opendoor, Industrious
2
CapitalG(2 Investments)
CommonFloor.com, Ten-X
3
Insight Venture Partners (2 Investments)
VTS, SMS Assist
4
Norwest Venture Partners (2 Investments)
Opendoor, Common
5
TA Associates Management (2
Investments)
Accruent, Maintenance Connection
6
Andreessen Horowitz
Cadre
7
Accel-KKR
FM Systems
8
Access Industries
Opendoor
9
Aleph Venture Capital
WeWork
10

Real Estate Tech > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Real Estate Tech; Last 5 years (May 2013-May 2018)
Most Active Ecosystem Investors
INCUBATOR
500 Startups(37 Investments)
VTS, Breather, RealtyShares
1
Y Combinator(18 Investments)
Snapdocs, Starcity, Open Listings
2
MetaProp NYC(16 Investments)
RealtyShares, CompStak, Nestio
3
Techstars(14 Investments)
Placester, Realty Mogul, IrisVR
4
Elmspring Accelerator(7 Investments)
Realync, College Annex, Commercial Connected
5
Property Innovation Labs(7 Investments)
eMoov, Hubble, OfficeR
6
Start-Up Chile(6 Investments)
Opendoor, Flyer, SpaceMunk
7
Incubate Fund (5 Investments)
Ietty, Hostel Hunting, Mansion-Market
8
NFX(5 Investments)
LiquidSpace, CompStak, Splacer
9
Rocket Internet(5 Investments)
Knotel, Nested, Lamudi
10
OTHER NOTABLE INVESTORS
Kima Ventures(13 Investments)
Storefront, TripleMint, Starcity
1
Western Technology Investment(12
Investments)
Apartment List, Placester, HomeLight
2
Frontier Digital Ventures(11 Investments)
ToLet.com.ng, Propzy, Hoppler
3
Daily Mail & General Trust(7 Investments)
CompStak, Yopa, Liases Foras
4
Seedrs(7 Investments)
Landbay, No Agent, NearDesk
5
FundersClub(5 Investments)
HomeLight, UpKeep Maintenance, Bedly
6
Goldman Sachs(5 Investments)
WeWork, SMS Assist, NestAway
7
Lighter Capital(5 Investments)
Proxio, Back At You Media, Imprev
8
Silicon Valley Bank(5 Investments)
Opendoor, Reonomy, Roofstock
9
Keiretsu Forum(3 Investments)
LiquidSpace, Owlized, Pisos
10

Real Estate Tech > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/5)

Real Estate Tech > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
49
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
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May 2018Tracxn BlueBox – RealEstate Tech
51
Real Estate Tech > Market Details > BlueBox

Key Sub Sectors
52
Key Sub Sectors in Real Estate Tech
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Commercial
Online platforms that enable and enhance the buying/selling and leasing of commercial
properties
JustCo (2015, Singapore, Acquired)
1395 180 $9.1B
Residential
Online platforms that enable and enhance the buying/selling and renting of residential
properties
Redfin (2004, Seattle, Public)
1553 350 $3.6B
Companies that provide SaaS and native platforms for managing real estate transactions and
properties
Accruent (1995, Austin, Acquired)
1677 352 $1.8B
Property Finance
Online platforms that enable and enhance real estate investments and financing
Acquire Real Estate (2013, Miami,
Acquired)
221 71 $716M
Online platforms that enable and enhance the buying/selling and leasing of residential and
commercial properties
Ten-X (2007, Irvine, Acquired)
472 63 $266M
Visualization
Companies that provide solutions for enhancing the visual aspect of online property listings
Floored (2012, New York City, Acquired)
Habiteo (2013, Paris, $13.8M)
160 40 $69.7M
Social Platforms
Online platforms that provide reviews and networking avenues for real estate professionals,
landlords, and apartments
RentWiki (2008, Atlanta, Acquired)
Realbest (2013, Berlin, $8.3M)
118 32 $38.6M
Real Estate Tech > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/6)
53
Real Estate Tech > Market Details > Detailed Sector Taxonomy

54

55

56

57

58

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(+3)
Commercial > Co-working > Managed
Companies that provide co-working spaces in their own/leased facilities
(Companies covered 903 | Funded 74 | Total Funding $8.7B)
$7.1B
(+$5.9B)
65
(+48)
WeWork
2
(-)
Residential > Discovery Platform > Online Brokerage
Companies providing end to end online brokerage services for residential properties
(Companies covered 173 | Funded 69 | Total Funding $1.5B)
$956M
(+$645M)
50
(+11)
Compass
3
(+2)
Enterprise Solutions > For Agents & Landlords > Property Management > Rental
Companies that provide solutions for managing maintenance and associated finances of rental
properties
(Companies covered 384 | Funded 69 | Total Funding $247M)
$163M
(+$122M)
29
(+3)
Buildium
(2004, Boston, $85M)
4
(-1)
Enterprise Solutions > For Agents & Landlords > CRM & Marketing
Companies that provide solutions for marketing real estate properties and managing client
relationships
$140M
(+$22.4M)
36
(+2)
Placester
(2008, Cambridge, $101M)
5
(+9)
Enterprise Solutions > For Facility Managers > Maintenance Management >
CMMS
Companies that provide maintenance management solutions
$255M
(+$202M)
16
(+12)
SMS Assist
(2010, Chicago, $255M)
6
(-)
Residential > Shared Accommodations > Branded Accommodations
Companies that enable users to search for and book managed residential spaces
$93.9M
(+$29.4M)
27
(+8)
NestAway
(2014, Bangalore, $93.3M)
7
(-6)
Property Finance > Crowdfunding
Online platforms that enable users to crowdsource funds for investment in real estate properties
$75.1M
(-$145M)
38
(-6)
RealtyShares
(2013, Mountain View, $65.8M)
59
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/3)
Top Markets by Funding in Real Estate Tech in last 2 years (May 2016 - April 2018)
Real Estate Tech > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Enterprise Solutions > For Facility Managers > Maintenance Management > CMMS
Companies that provide maintenance management solutions
(Companies created 95 | Funded 20 | Total Funding $482M )
1 ServiceChannel (1999, New York City,
$54M)
2
Residential > Discovery Platform > Re-seller
Companies that facilitate buying/selling of residential properties by holding their own inventory
1 Knock (2015, New York City, $32.5M)
3
Property Finance > Investor's Marketplace
Companies that provide an online platform for acquiring investment properties
1 Roofstock (2015, Oakland, $75.3M)
4
Commercial > Co-working > Marketplace
Online platforms that facilitate transactions for booking co-working spaces
(Companies created 148 | Funded 32 | Total Funding $75.8M )
1 Awfis (2015, Delhi, $30M)
5
Commercial > Co-working > Managed
Companies that provide co-working spaces in their own/leased facilities
(Companies created 903 | Funded 74 | Total Funding $8.7B )
1 The Wing (2016, New York City, $40M)
6
Property Finance > P2P Lending
Online platforms that connect buyers with individual lenders by circumventing traditional intermediaries
1 PeerStreet (2013, Los Angeles, $50.6M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
62
Top Markets of Early Stage Investors (1/2)
Top Markets where Early Stage Investors are investing in last 2 years (May 2016 - April 2018)
Real Estate Tech > Market Details > Top Markets of Early Stage Investors

Top Markets of Early Stage Investors (2/2)
Real Estate Tech > Market Details > Top Markets of Early Stage Investors

Rank Market
Last 2 Years
# of Comp Founded $ Invested # Round Top Funded Company
1
Commercial > Co-working > Marketplace
Online platforms that facilitate transactions for booking co-working spaces
(Companies covered 148 | Funded 32 | Total Funding $75.8M)
50 $24.4M
(+$24.4M)
10
(+10)
Awfis
(2015, Delhi, $30M)
64
Other Notable Markets
Other Notable Markets with high Entrepreneurial Activity in Real Estate Tech in last 2 years (May 2016 - April 2018)
Real Estate Tech > Market Details > Other Notable Markets

Incubators 500 Startups (#3), Rocket Internet (#1)
Seed FJ Labs (#1), Anthill (#1)
Series A/B Riverwood Capital (#1), Outlook Ventures (#1)
Series C+ SoftBank Group (#1), Jin Jiang Hotels (#1)
The Office Group Jun - 2017
Acq by The Blackstone Group for $639M
Seed
FundTonic (2016, Mumbai)
$70M - Series B
$4.8M - Series A
The Riveter (2016, Seattle, $5.5M)
$400M - Series H
$4.7M - Series A
EV Hive (2015, Jakarta, $9M)
Series A
$80M - Series C
Industrious (2013, New York City,
$156M)
$40M - Series C
Mixer (2016, Tel Aviv, $40M)
Angel
Creator's Gurukul (2017, Gurgaon)
Series A
Pilotworks (2015, Brooklyn, $13M)
Series A
Corporate Edge (2012, Gurgaon)
May 2018
Savanna Signs 23,000-SF Lease With Knotel At 31 West 27th
Street, Citybizlist
May 2018
rent24 to open its first United States location in Chicago,
Property Portal Watch
May 2018
Smartworks Expands in Bangalore, Taking Its Size to 1
million sq. ft., BW Businessworld
Apr 2018
I/O Spaces and AfriLabs partner to provide African Startups
with US Based Offices To Expand And Raise Funding,
Innovation-village
Apr 2018
Reviewing the Risks In WeWork's $500 Million Bond Deal,
Fortune
Apr 2018
The $18 Billion Rent Bill: The Numbers Behind This Co-
working Startup’s Global Empire, Indiatimes
Apr 2018
WeWork is planning a major expansion in Southeast Asia,
TechCrunch
Apr 2018
Makeoffices Announces National Partnership With Parkwhiz,
ParkNews
Apr 2018
Months after launching its first spot, WeWork is opening
another Dublin co-working space, Fora
Apr 2018
WeWork Continues Sydney Expansion with Fifth Site,
TheUrbanDeveloper
Apr 2018
WeWork buys London estate from Blackstone for €670m,
propertyEU
Apr 2018
WeWork and CoWrks jostling for co-working provider space
in metros, Business Standard
News
0
10
20
30
40
50
$0k
$1.B
$2.B
$3.B
$4.B
$5.B
$6.B
$7.B
2014 2015 2016 2017 2018
YoY Funding Rounds
2
6
24
74
903
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Commercial > Co-working > Managed: Market Factsheet
Market: Managed
65
Exits
Most Active Investors
Recent Investments
YoY Funding and Rounds
Companies that provide co-
working spaces in their
own/leased facilities
WeWork
Industrious
Knotel
Bond Collective
NeueHouse
(2012, New York City, $40.5M)
Top Companies
#1 Top Markets of Investment Activity
Real Estate Tech > Market Details > Market: Managed
Companies Created 903 | Funded 74 | Total Funding $8.7B

Commercial > Co-working > Managed: Top Companies
Market: Managed (1/2)
Analyst’s Pick
Unicorn. Stage: Series H
SoftBank Group, Hony Capital, Jin Jiang Hotels and
13 Other Investors
provider
Riverwood Capital, Fifth Wall Ventures, Outlook
Development Group and 5 Other Investors
Minicorn. Stage: Series B
Sapir, Newmark Grubb Knight Frank, Moinian and 8
Other Investors
Bond Collective (2012, New York City, $50M)
Minicorn. Stage: Series C
Analyst’s Pick
freelancers
WeWork, New Enterprise Associates, KPCB and 5
Other Investors
Maverick Ventures
AlleyNYC (2012, New York City, $16M)
Coworking Space
Minicorn. Stage: Series A
Pilotworks (2015, Brooklyn, $13M)
Provider of co-working kitchens, office spaces and
mentoring to food upstarts
Editor's Pick. Stage: Series A
Techstars, Acre Venture Partners, Slow Ventures
Analyst’s Pick
Serendipity Labs (2011, Rye, $11M)
BHIVE Workspace (2014, Bangalore, $2.2M)
Coworking space provider
Editor's Pick. Stage: Seed
Blume Ventures, Meera Reddy
Spacious (2013, New York City, $1M)
Platform to book partnered co-working spaces.
SV Angel, BoxGroup, Lerer Hippeau Ventures and 2
Other Investors
Betahaus (2009, Berlin)
Managed co-working space provider
Editor's Pick. Stage: Unfunded
CoLabOrate (2014, Hyderabad)
Managed co-working spaces provider
InstaOffice (2015, Gurgaon)
Globevestor, Zishaan Hayath, Mohit Satyanand

Commercial > Co-working > Managed: Top Companies
Market: Managed (2/2)
Analyst’s Pick
Pacific Workplaces (2004, San Francisco)
Co-working space provider
Seedspace (2015, Geneva)
Managed co-working space provider
Startup Home (2016, Brooklyn)
Co-working and co-living space provider

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
68
Commercial > Co-working > Managed: Leaderboard
Market: Managed
Better than Market Average
Overall
Rating
Company
Name
Foun
ded
Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 WeWork 2010
New York
City
Series H $8.1B - 3 - - 190 11k 84k 76k 352 -1k -7% 63 25% 10.4k 14%
5.0 Impact Hub 2005 Vienna Series A - - 5 - - 4 110k 25k 300 7 7k 6% 2 40% 681 3%
5.0 Spaces 2008 Amsterdam Unfunded - - 4 - 4 9 167k 5k 750 7 -19k -10% 4 117% 508 11%
5.0 SmartWorks 2016 Delhi Unfunded - - 5 - 4 4 970k 2.1k 750 21 -588k -38% 23
1269
%
50 2%
5.0 Antwork 2016 Beirut Unfunded - - 5 - 4 - 1.9M 534 825 20 226k 14% 2 11% 94 21%
5.0 Beer Or Coffee 2015
Belo
Horizonte
Unfunded - - 4 - 4 - 1.1M 368 30k 282 196k 22% 19 7% 43 13%
5.0
CommonGroun
ds
2016 Carlsbad Unfunded - - 5 3 3 1 2.9M 194 30 2 -3.3M -54% 1 100% 74 60%
5.0 InstaOffice 2015 Gurgaon Seed - 5 5 - - 3 999k 539 300 12 162k 19% 4 50% -133 -20%
5.0 Mindspace 2013 Tel Aviv Series B $35M - 5 - - 3 319k 1.7k 750 2 47k 17% - - 257 19%
4.9 Spacecubed 2011 Perth Unfunded - - 4 3 4 - 1.9M 7.7k 300 5 225k 13% - - 193 3%
4.9 Rework 2016 Jakarta Seed $3M - 5 3 5 1 2.8M 13 750 13 -217k -7% 6 60% - -
4.9 Workinton 2012 Istanbul Unfunded - - 4 4 5 - 737k 2.9k 750 16 152k 26% - - 147 5%
4.9
Serendipity
Labs
2011 Rye Series A $11M - - 1 4 6 1.8M 1.2k - - 523k 41% - - 54 5%
4.9 Knotel 2015
New York
City
Series B $95M - 3 - - 11 366k - 300 4 -109k -23% 1 33% - -

Incubators 500 Startups (#4), Incubate Fund (#2)
Seed Founders Fund (#2), Kima Ventures (#2)
Series A/B DN Capital (#1), Piton Capital (#1)
Series C+
Wellington Management (#2), Toscafund Asset
Management (#2)
Redfin Jul - 2017
IPO'd
Purplebricks Dec - 2015
IPO'd on LON
ZipRealty Jul - 2014
Acq by Realogy for $166M
safti Jun - 2012
IPO'd on EURONEXT
Ietty
IPO'd
$1.2M - Seed
UpsideDoor (2015, Reston, $1.8M)
$12M - Series A
Door (2015, Dallas, $15.1M)
$2.2M - Seed
Ikos (2015, Pittsburgh, $3.2M)
$1.2M - Seed
Housfy (2016, Barcelona, $2.1M)
$1.5M - Series A
Fastfox (2014, Gurgaon, $7.1M)
$3.9M - Seed
Homie (2015, London, $6M)
$2M - PE
Blok (2017, Helsinki, $2M)
$15M - Series B
May 2018
Redfin First-Quarter 2018 Revenue up 33% Year-over-Year
to $79.9 Million, GlobeNewswire
May 2018
Emoov and Tepilo to merge in bid to create challenger online
estate agent, City A.M.
Apr 2018
Compass Adds Top Tech Talent to its Leadership Team, PR
Newswire
Apr 2018
Purplebricks’ co-founders have sold $44m worth of shares,
Property Portal Watch
Apr 2018 Compass acquires Chicago's Conlon Real Estate, Inman
Apr 2018 Redfin Mortgage expands to Ohio, HousingWire
Apr 2018
Pittsburgh property-leasing startup expands to Columbus
after raising $2.2M, The Business Journals
Apr 2018
Redfin Ranks the Top 10 Neighborhoods for Green Homes in
2018, PressReleasePoint
Apr 2018 Purplebricks’ launch in New York, Global Legal Chronicle
Apr 2018
Purplebricks Appoints Robert DiBiase as Regional Director,
Citybizlist
Mar 2018 Purplebricks Doubles Down on U.S. Investment, Business Wire
Mar 2018
Door Debuts With $2.3M, Aims At Real Estate Market,
TexasTechPulse
Feb 2018 Redfin Revenue Soars 43%, The Motley Fool
Feb 2018
Home rental startup FastFox raises $10 million from Blume
ventures, others, BusinessEx
Feb 2018
Just 6% of Homebuyers Would Cancel Plans to Buy if
Mortgage Rates Surpassed 5%, Lowcountry CEO
News
0
5
10
15
20
25
30
$0k
$100M
$200M
$300M
$400M
$500M
$600M
$700M
$800M
2014 2015 2016 2017 2018
YoY Funding Rounds
5
12
32
69
173
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Residential > Discovery Platform > Online Brokerage: Market Factsheet
Market: Online Brokerage
69
Exits
Recent Investments
Companies providing end to end
online brokerage services for
residential properties
Compass
PropTiger
(2011, Noida, $99M)
Yopa
(2015, London, $79M)
easyProperty.com
(2013, London, $59.2M)
HouseSimple
(2007, Sudbury, $53.2M)
Top Companies
Real Estate Tech > Market Details > Market: Online Brokerage
Companies Created 173 | Funded 69 | Total Funding $1.5B

Residential > Discovery Platform > Online Brokerage: Top Companies
Analyst’s Pick
Unicorn. Stage: Series F
SoftBank Group, Fidelity Investments, IVP and 18
Other Investors
Redfin (2004, Seattle, $166M)
Annox Capital, Glynn Capital, Wellington
Management and 13 Other Investors
REA Group, SoftBank Group, NewsCorp and 5 Other
Investors
LSL PropertyServices, Daily Mail, Grosvenor Fund
Analyst’s Pick
Online estate agency for residential properties in
UK.
Minicorn. Stage: Series C
FrestonVentures, Toscafund Asset Management,
Charles Dunstone
Andre Hoffmann, Lohia Corp Limited, Reliance
Group
Scott McNealy, Gordon Segal, Amit Singhal and 2
Other Investors
Purplebricks (2012, Birmingham, $13.3M)
Axel Springer SE, DN Capital
Analyst’s Pick
Homie (2015, London, $6M)
Online platform to connect real estate agents with
renters
Connect Ventures, Venture Friends, The Family,
Seedcamp
Ietty (2012, Shibuya, $4M)
Real estate online brokerage provider
Investors Cloud, Sansei Capital Investment, Mizuho
Capital and 4 Other Investors
PinClick (2013, Bangalore)
Tech-enabled real estate broker for buying and
renting property
RedGirraffe (2015, Gurgaon)
Online platform offering real estate brokers for
property rentals

71
Residential > Discovery Platform > Online Brokerage: Leaderboard
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 PropTiger 2011 Noida Series C $99M - 4 - - 37 37k 6.5k 306k 2.5k -3k -6% 26 1% 460 8%
5.0 Compass 2012
New York
City
Series F $743M - 4 - - 20 57k 13k 3k 4 -11k -16% 4 188% 1.6k 13%
4.9 Square Yards 2013 Delhi Series B $33M - 4 - - 21 88k 2k 11k 211 23k 34% 59 36% - -
4.9 safti 2010 Toulouse Public - - 4 4 4 - 236k 932 8k 78 7k 3% 16 31% 67 8%
4.9 Favista 2011 Gurgaon Acquired $2M - 4 - - - 726k 841 74k 424 234k 48% 3 2% 18 2%
4.8 Du Proprio 1997 Levis Acquired - - 4 - - - 35k 4.8k 300k 6.1k -4k -10% 62 9% 4 -
4.8 Redfin 2004 Seattle Public $166M - 5 - - 35 872 48k 3M 63.1k -1k -20% - - 2.2k 5%
4.8 Estately 2006 Seattle Series A $1M - 5 - - - 30k 3.2k 30k 805 -4k -11% 38 42% -23 -1%
4.7 Fastfox 2014 Gurgaon Series A $7M - 4 - - 3 719k 13 8k 65 261k 57% 18 35% - -
4.7 ZipRealty 1999 Emeryville Acquired $21M - 4 - - - 41k 4.1k 601k 16.3k -5k -10% 44 1% -22 -1%
4.7 Xome 2015 Dallas Unfunded - - 4 - - 2 88k 1.9k 308k 1.8k -9k -9% 4 - 22 1%
4.6 Movoto 2005 San Mateo Acquired - - 5 - - 7 16k 4.5k 307k 3.9k -3k -13% 58 2% -461 -9%
4.6 Ietty 2012 Shibuya Public $4M - 3 - 3 1 2.1M 1.6k 8k 16 -1.7M -46% 6 52% - -
4.6 Kawlu 2015 Shibuya Funded - - 4 - 4 - 164k 587 3k 22 -42k -20% 2 10% -11 -2%
4.5 Zoocasa 2008 Toronto Seed $1M - 3 - - - 145k 3.6k 31k 1.2k -122k -46% 10
-
176%
-66 -2%

Incubators Y Combinator (#2), MetaProp NYC (#1)
Seed Kickstart Seed Fund (#2), Social Capital (#1)
Series A/B Cisco (#1), E.ventures (#1)
Series C+ Sumeru Equity Partners (#1)
On-Site Sep - 2017
Acq by RealPage for $250M
AppFolio Jun - 2015
IPO'd
$715k - Seed
Rentr (2015, England, $715k)
$1.3M - Seed
Soho (2017, Singapore, $2.1M)
$1M - Seed
iagree (2015, Tel Aviv, $1M)
$2.6M - Series A
Onerent (2014, San Francisco, $7.9M)
$1M - Seed
iPaymy (2015, Singapore, $1M)
$36M - Series B
ResMan (2012, Plano, $36M)
$5M - Series A
Mynd Management (2016, Oakland,
$15.6M)
Seed
Arendatica (2017, Moscow)
Seed
iResidenz (2013, Kuala Lumpur)
$1.5M - Seed
Arthur Online (2012, London, $1.5M)
May 2018
Rent Manager Support Department Honored As Bronze
Stevie® Award Winner In 2018 American Business
Awards®, PRWeb
Apr 2018 AppFolio beats by $0.07, beats on revenue, Seeking Alpha
Apr 2018 Rental site Vermietet bags $4.9 million U.S., AIM Group
Apr 2018
Mynd Announces Addition Of Scott Lowe To Engineering
Team, PR Newswire
Apr 2018
Geo-spatial property compliance platform GetRentr raises
over £500k in seed funding round, ukbaa.org.uk
Mar 2018
Lavanda platform backed by Purplebricks chief and
Rightmove founder, Property Portal Watch
Mar 2018
Unique end-to-end property management and accounting
software solution launches, The BIP
Mar 2018
Soho Raises US$1.3mil To Expand Singapore HQ, TechNews
Report
Mar 2018
Local Startup Tenant Turner Forms Partnership With
Boston-Based Property Management Software Firm,
Citybizlist
Feb 2018
AppFolio, Inc. Announces Fourth Quarter and Fiscal Year
2017 Financial Results, Sector Publishing Intelligence
Feb 2018
Mobile Doorman Presents New App Technology, Commercial
Property Executive
Feb 2018
Onerent Launches On-Demand Rental Service in Los Angeles
to Make Life Easier for Renters, Newswire
Jan 2018
Assurant Partners with TenantCloud for Digital Insurance
Process for Landlords and Tenants , IIReporter
News
0
5
10
15
20
$0k
$20M
$40M
$60M
$80M
$100M
2014 2015 2016 2017 2018
YoY Funding Rounds
3
1
11
69
384
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Enterprise Solutions > For Agents & Landlords > Property Management > Rental: Market Factsheet
Market: Rental
72
Exits
Recent Investments
Companies that provide solutions
for managing maintenance and
associated finances of rental
properties
Buildium
(2004, Boston, $85M)
ResMan
(2012, Plano, $36M)
Cozy
(2012, San Francisco, $18.4M)
Mynd Management
(2016, Oakland, $15.6M)
Goodlord
(2014, London, $11.9M)
Top Companies
Real Estate Tech > Market Details > Market: Rental
Companies Created 384 | Funded 69 | Total Funding $247M

Enterprise Solutions > For Agents & Landlords > Property Management > Rental: Top Companies
Market: Rental
Analyst’s Pick
Sumeru Equity Partners, K1 Investment
Management, Tao Capital Partners
AppFolio (2006, Goleta, $30M)
E.ventures, Cisco, Infinity Venture Partners, Atlas
Accelerator
Cozy (2012, San Francisco, $18.4M)
Rental management software
American Family Ventures, General Catalyst
Partners, Social Capital and 6 Other Investors
Global Founders Capital, LocalGlobe, Ribbit Capital
Analyst’s Pick
Onerent (2014, San Francisco, $7.9M)
Provider of solutions and services for managing
rental residential real estate
Editor's Pick. Stage: Series A
Renren, XG Ventures
OnBoardPro (2014, Newcastle Upon Tyne,
$4.6M)
Property management application for real estate
professionals.
Arthur Online (2012, London, $1.5M)
Property management software for landlords,
tenants & agents.
AbodeStory (2015, Foster City)
SaaS for property management solutions.
Homebase (2016, Kansas City)
A/I based platform to manage rental properties and
smart homes.
Saturday Capital

74
Enterprise Solutions > For Agents & Landlords > Property Management > Rental: Leaderboard
Market: Rental
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Onerent 2014
San
Francisco
Series A $8M - 4 3 4 5 652k 916 8k 20 161k 32% 14 127% 4 -
5.0 Vermietet 2016 Berlin Funded - - 4 3 4 1 706k 82 30k 51 26k 4% 25 86% 11 14%
5.0 Bixby 2016
New York
City
Funded - - 4 - 4 - 2.7M 887 3k 17 300k 13% 8 72% 177 25%
5.0 Arthur Online 2012 London Seed $1M - 5 - - 2 392k 1.8k 3k 16 61k 18% 17 437% 62 4%
4.9 Soho 2017 Singapore Seed $2M - 4 - 3 4 1.7M 35 8k 28 -1.1M -40% 19 202% 20 132%
4.9 Buildium 2004 Boston Series A $85M - 4 - - 5 138k 4.4k 30k 164 9k 7% 59 41% 204 5%
4.9 Tenant Cloud 2014 Austin Seed $2M - 4 - - 4 173k 17k 8k 80 -35k -17% 19 34% 1.2k 7%
4.9 AppFolio 2006 Goleta Public $30M - 4 - - 7 4k 4.8k 91k 300 -1k -17% 91 74% 120 3%
4.9 Rentila 2008 Sofia Unfunded - - 4 3 4 - 277k 1.1k 8k 80 -5k -2% 16 24% 53 5%
4.9 Entrata 2003 Provo Unfunded - - 5 - - 1 57k 5.3k 301k 6.1k 4k 7% 2k 63% 118 2%
4.9 iResidenz 2013
Kuala
Lumpur
Seed - - 5 - - 3 1.7M 11 3k 4 75k 5% 6 534% 1 1%
4.8 Rentr 2015 England Seed $715K - 4 - - 2 3.4M 627 300 6 -3.2M -48% 1 20% 139 28%
4.8 Apsiyon 2010 Istanbul Series A - - 3 - - - 169k 699 31k 196 -17k -9% 51 32% 39 6%
4.8 PropertyFile 1996 Brackley Unfunded - - 3 4 3 - 601k 797 3k 8 256k 74% 1 14% - -
4.8
Mobile
Doorman
2013 Chicago Seed $2M - 3 - - 1 4.4M 198 6k 42 -2.4M -34% 4 16% 17 9%

Market: CRM & Marketing
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Real Estate Tech > Market Details > Market: CRM & Marketing

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Real Estate Tech > Market Details > Market: CMMS

Market: CMMS

Market: Branded Accommodations
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Market: Crowdfunding
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Market: Crowdfunding (1/2)

Market: Crowdfunding (2/2)

Market: Crowdfunding

Market: Venues
88
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Market: Venues
Real Estate Tech > Market Details > Market: Venues

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