5 Proptech Companies Bringing Real Estate Into the Digital Age
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Anyone who’s ever bought or sold a house knows that real estate transactions are typically complex affairs requiring a small forest of paperwork. Tech companies are changing the game, though, simplifying life for those who build, buy, sell, and rent property.
Real estate technology—commonly referred to as “proptech” or “realtech”—sits at the crossroads of the sharing economy, fintech, and real estate. The sector grew like gangbusters the past few years as investors took advantage of historically low interest rates and sought modern software solutions to make things more efficient.
Along the way, tech companies disrupted just about every areas of real estate for landlords, tenants, investors, brokers, and more. Sometimes called Realtech,
The industry is expected to reach $86B over the next year following an injection of $32B in VC funding in 2021—marking a 28% increase from the year before. Funding is roughly split down the middle, with half devoted to residential and the other half to commercial property.
Real estate software devoted the construction and property management is expected to remain hot through 2022, though rising mortgage rates and other economic conditions could cool a once-hot residential market.
New York City-based StackSource (/company/stacksource) makes it easy for commercial buyers to connect with financing options like banks, insurance companies, and private lenders. San Francisco-based Divvy offers residential buyers new flexibility by offering a rent-to-own option for most any home purchase. The company wil purchase your home and rent it back to you. Companies like Orchard and HomeLight are also transforming how people buy and sell homes with their own online platforms.
New York City-based Obligo offers a tech-enabled alternative to traditional security deposits.
If real estate moves you, check out our list below of top proptech companies hiring now.
HomeLightOur vision is a world where every real estate transaction is simple, certain, and satisfyi501-1000 EmployeesActively Hiring- Top 10% of respondersHomeLight is in the top 10% of companies in terms of response time to applications
- Responds within two weeksBased on past data, HomeLight usually responds to incoming applications within two weeks
- B2C
- B2B
- Scale StageRapidly increasing operations
- Top InvestorsThis company has received a significant amount of investment from top investors
- Valuation $1B+This company has a valuation of $1B or more
- 4.8Highly ratedHomeLight is highly rated on Glassdoor, with 4.8 out of 5 stars
- 4.7Work / Life BalanceEmployees rate HomeLight 4.7/5 on Glassdoor for work / life balance
- 4.8Strong LeadershipEmployees rate HomeLight 4.8/5 on Glassdoor for faith in leadership
- Website
- https://www.homelight.com
- Employees
- 501-1000
- Locations
- San Francisco, Scottsdale
- About
HomeLight is an essential technology platform used by hundreds of thousands of homebuyers and sellers to partner with top real estate agents and win at any step of the real estate journey — whether that’s finding a top agent, securing a competitive mortgage, or ensuring on-time, easy close.
- Industries
Reviews and RecommendationsLocal ServicesEscrow
Jobs
Fintech company that introduces trust, fairness and accountability to home renting11-50 Employees- Top 10% of respondersObligo is in the top 10% of companies in terms of response time to applications
- Responds within a weekBased on past data, Obligo usually responds to incoming applications within a week
- B2B
- Growth StageExpanding market presence
- Top InvestorsThis company has received a significant amount of investment from top investors
- Website
- http://myobligo.com
- Employees
- 11-50
- Locations
- New York City, Tel Aviv-Yafo
- About
We have created a brand new class of financial product - an "Obligo". It is something between a security deposit and a pre-auth (billing authorization). Our platform is solving a huge problem for both tenants and landlords, and the demand is out of this world. The conditions are ripe for Obligo to become the new industry standard!
- Industries
- StartupsRadical Breakthrough Startups
Jobs
Find your dream home, move in now, and rent with built-in savings for your down payment201-500 Employees- B2C
- Scale StageRapidly increasing operations
- Top InvestorsThis company has received a significant amount of investment from top investors
- Valuation $1B+This company has a valuation of $1B or more
- Website
- https://www.divvyhomes.com/
- Employees
- 201-500
- Locations
- San Francisco, San Francisco Bay Area
- About
With Divvy, renters select any home on the market, Divvy purchases it, and the renter builds homes savings with every payment. Divvy's mission is to create a world where every person has a stake in the neighborhood and home they live in.
- Industries
- Startups
- B2C
- Scale StageRapidly increasing operations
- Top InvestorsThis company has received a significant amount of investment from top investors
- Valuation $1B+This company has a valuation of $1B or more
- Website
- https://www.orchard.com
- Employees
- 201-500
- Locations
- Atlanta, Austin, Dallas, Denver, Houston, New York City, San Antonio, Fort Worth
- About
Orchard is transforming the way people buy and sell their homes. Simplifying it, to the way it should have always been; fair and true to market, straightforward, easy. Every year in the U.S., $1.5 trillion of single-family residences transact, generating over $120 billion of fees in a process that has changed little in decades. For the average American, the home purchase and sale process takes months, creates anxiety and is filled with uncertainty and hassle.
Orchard offers a modern alternative, making one of life's biggest decisions – the sale and purchase of a home – stress-free, fair and simple.
Orchard launched in 2017 and was previously known as Perch. The company is headquartered in New York City, has 200+ employees and has grown 10x year over year. We have raised over $300 million in financing from top tier investors including: Firstmark, Accomplice, Navitas, and Juxtapose.
- Industries
Jobs
Chief Financial OfficerFull-time7 days ago$300k – $375kRemote only • Denver, Colorado+110 years of exp
- B2B
- Early StageStartup in initial stages
- Website
- http://stacksource.com
- Employees
- 11-50
- Locations
- Chicago, Los Angeles, New York City, Remote
- About
StackSource is a tech-enabled commercial real estate loan platform. We connect investors who are developing or acquiring commercial properties with financing options like banks, insurance companies, and private lenders through an easy, transparent process. We’re taking the best of commercial mortgage brokerage and updating it for the 21st century.
For lenders, StackSource represents an intelligent source of deal flow, including real-time notifications when a new project has been posted within their customized lending profile. StackSource's targeted, digital offering memorandums save time for both our capital advisors and our lending partners.
- Industries
5 Proptech Companies Bringing Real Estate Into the Digital Age
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