The real estate industry drives positive economic changes worldwide through investment opportunities, job creation, and infrastructure development. Proptech, valued at $27.3 billion in 2023 and projected to reach $92.9 billion by 2032 with a 15% CAGR is essential for the sector's growth, driving technological advancements and promoting sustainability.

 

For this reason, the best tech real estate companies engage in digitalization, innovation, and automation of their services. Finances Online show that 93% of realtors are in for digital ways of communication. And 85% of residential companies use MLS daily. But, 48% of firms face the challenges of keeping up with the pace of tech progress. Why is it hard for them to adjust? How fast does real estate excel these days?

 

So, there is a need to understand what features and businesses disrupt the world’s property market. To do so, let’s explore:

 

  • What are the most innovative tech real estate companies today?
  • Are there any real estate tech startups worth mentioning?

 

How do top proptech companies in the world approach real estate innovation challenges?

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Contents

Market Conditions for Real Estate Companies and Startups

The global market for real estate software is expected to reach $12.9 billion by 2025 with a 10.1% CAGR. This growth signals a transformative force of leading proptech companies to reshare the real estate industry. Let’s look at more essential statistics proving this statement.

  • MLS is in use by 85% of residential companies at present
  • Investment in real estate technologies will increase, according to 43% of industry experts
  • More than 40% of Millenials go online to receive any information
  • 90% of real estate businesses have a web application

Rapid Startup Real Estate Market Growth

The startups real estate ecosystem has seen exponential growth in recent years, attracting significant investments. Investment in proptech startups surged from $4.1 billion in 2022 to $13.4 billion in 2023, marking a more than threefold increase despite challenging market conditions.

Venture capitalists are keen on the potential of real estate development startups to disrupt traditional practices, resulting in a wave of funding and spurring further innovation. 

This trend reflects the broader movement in the tech industry, where commercial real estate startups are often the drivers of transformative changes​, inspiring hope and a sense of possibility.

Diverse Real Estate Tech Niches

The best real estate startups cover various specialized sub-sections, showcasing their ability to adapt and respond to various industry needs. These niches include:

  • Property Technology (Proptech): Innovations in these top proptech companies focus on improving the efficiency of buying, selling, and managing properties through digital tools and platforms.
  • Peer-to-Peer (P2P) Real Estate Lending: This sub-sector facilitates direct lending between individuals, bypassing traditional financial institutions to streamline borrowing.
  • Online Property Marketplaces: These platforms provide comprehensive property listing databases, enhancing buyers’ and renters’ search and discovery process.
  • Innovative Brokerage Models: Top proptech startups in this niche redefine the traditional brokerage model with new commission structures, digital transaction management, and enhanced customer service.

This diversity highlights how real estate software startups
 are addressing specific market needs, creating a more robust and comprehensive real estate ecosystem.

Reasons for the High Demand for Real Estate Startups

Startups in real estate are in high demand due to several factors. 

  • Rapid Growth of Proptech: The integration of AI, AR/VR, and predictive analytics into real estate operations is significantly enhancing efficiency and personalization, driving the demand for innovative solutions​.
  • Democratization of Real Estate Investing: AI-powered tools make real estate investment more accessible and profitable, attracting a wider range of investors​.
  • Generational Shift: Millennials and Gen Z are bringing a tech-savvy approach to real estate, increasing the adoption of digital tools and driving innovation in the industry.​
  • Enhanced Property Management: Most innovative proptech companies leverage AI to automate routine tasks and improve tenant experiences, making them more efficient and cost-effective.
  • Global Reach: Innovative real estate startups facilitate cross-border transactions and provide international investment opportunities, expanding their market reach and impact​.
  • Sustainability and Energy Efficiency: Proptech is crucial for reducing energy consumption and emissions. It aligns with global sustainability goals and attracts eco-conscious consumers.
  • Virtual and Augmented Reality: VR and AR technologies allow potential buyers to tour properties virtually, making property viewing more convenient and accessible regardless of location.

Innovations in real estate proptech companies empower data-driven decision-making, optimize strategies, and predict market trends. Automation streamlines tasks, reducing errors and boosting productivity. Technology enhances customer experiences through virtual tours and online platforms, expanding reach and satisfaction.

See what’s common in real estate software development here. Also, see the software development time estimation template. Click if you want to know more about real estate technology trends.

Types of PropTech Companies

Real estate technology, also known as PropTech, is a big segment of the world’s economy, with a value of over $7 billion worldwide. PropTech refers to all the tech tools and software solutions that cover the needs of real estate agents, brokers, investors, tenants, homeowners, etc. Types of proptech real estate companies include:

  • Real estate marketplaces: Platforms that connect buyers, sellers, and renters with real estate agents or directly with properties, facilitating transactions and information exchange.
  • Mortgage fintech: Companies that utilize technology to streamline the mortgage application process, improve transparency, and offer competitive rates and terms.
  • Property management platforms: Software solutions designed to assist property managers in handling tasks such as tenant screening, lease management, maintenance requests, and financial reporting.
  • Real estate investment companies: Firms that enable individuals to invest in real estate through innovative models like crowdfunding (pooling investments), fractional ownership (shared ownership of properties), and iBuyers (instant buyers of properties). 
  • Smart home technology companies: Businesses focused on integrating technology into homes to enhance comfort, security, energy efficiency, and convenience through smart thermostats, security cameras, and automated lighting systems.
  • Virtual tours technology companies: Providers of virtual reality (VR) or augmented reality (AR) solutions that enable immersive property tours, allowing prospective buyers or renters to view properties remotely.
  • Workplace management platforms: Tools that optimize the use of office space by managing reservations, desk assignments, amenities, and facility services, enhancing efficiency and user experience.
  • Short-term management solutions: Platforms that assist property owners in managing short-term rentals (e.g., Airbnb), handling bookings, guest communications, pricing, and cleaning services to maximize occupancy and profitability.

The world’s most innovative real estate tech companies

What are the best real estate tech companies worldwide? Below, you will find a list of proptech companies worth mentioning. 

Inoxoft

  • Founded in: 2014
  • Headquarters: the USA, Poland, Estonia, and Ukraine
  • Total funding amount: Corporate round

Inoxoft offers custom proptech solutions, including Real Estate CRM Software, Property Rental Management Software, Real Estate IDX Technology Integration, and HOA Management Software. The services also cover MLS Software Development, AI-Based Real Estate Platforms, and comprehensive real estate software features like listing management, automated workflows, and advanced search functionality

Buildium

  • Founded in: 2004
  • Types of services: Property Management, Rental Listings, Tenant Screening, Lease Management, Rent Collection, Property Accounting
  • Total funding amount: $85M

Real Page acquired Buildium, a cloud-based property management company that provides software to landlords and others. It is one of the biggest proptech companies in Boston, Massachusetts, with up to 100 employees.

Opendoor

  • Founded in: 2014
  • Types of services: Real Estate Marketplace, Property Development, Property Management
  • Total funding amount: $1.9B

Opendoor is one of the biggest real estate tech companies. Its online real estate marketplace operator aims at streamlining the process of selling and, also, buying homes. It is located in San Francisco, California. It has up to 1000 employees.

OJO 

  • Founded in: 2015
  • Headquarters: Southern US
  • Types of services: Real estate marketplace
  • Total funding amount: $134M

OJO is a real estate technology company aiming to guide more people to successful homeownership. The company’s platform for buying, selling, and homeownership offers personalized guidance for each step of the process. OJO is located in Austin, Texas and has up to 500 employees.

Enertiv

  • Founded in: 2009
  • Headquarters: New York, New York, United States
  • Types of services: SaaS, PropTech Analytics
  • Total funding amount: $16.7M

Enertiv focuses mostly on commercial and multifamily buildings. Using data as an asset the company enhances commercial portfolios in real estate. And, this way, makes building operations quicker. The company is located in New York. It has up to 50 employees.

Keyway

  • Founded in: 2020
  • Headquarters: Greater New York Area, East Coast, Northeastern US
  • Types of services: Commercial Real Estate Leasing & Management
  • Total funding amount: $110M

Keyway is one of the US-based commercial real estate tech companies that innovate with technology-driven solutions for flexible lease terms and efficient property management. Their platform uses advanced analytics to reveal market trends, streamline operations, and improve tenant experience by reducing administrative burdens and enhancing communication.

Stavvy

  • Founded in: 2018
  • Types of services: Real Estate & Mortgage Digital Transaction Services

Total funding amount: $53M

Stavvy streamlines real estate and mortgage transactions with digital solutions for document management, remote notarization, and electronic signatures. Their platform reduces transaction times, minimizes errors, and eliminates paper-based processes, improving efficiency and cutting costs for all parties.

Homebot

  • Founded in: 2015
  • Types of services: Client Engagement Tool for Mortgage & Real Estate
  • Total funding amount: $4.5M

Homebot is a customer engagement platform for mortgage lenders and real estate agents. It offers dynamic financial insights to homeowners and buyers and provides personalized reports and recommendations on buying, selling, refinancing, or renting properties. This helps users maximize their financial outcomes and drives repeat business for agents and brokers.

Reposit

  • Founded in: 2015
  • Types of services: Reposit Service for Tenants, Landlords, and Agents

Reposit is a real estate technology company that provides a tenancy deposit system, allowing its users to pay rent without the hassle. The company’s system uses artificial intelligence (AI) to assess a tenant’s financial risk and determine the amount of the deposit required. This allows tenants to move into a new property without having to come up with a large sum of money upfront.

Purplebricks

  • Founded in: 2012
  • Headquarters: UK, Europe, Middle East, and Africa (EMEA)
  • Types of services: Property Management

Purplebricks is one of the largest real estate tech companies in the UK. This real estate agent functions online. It helps clients in selling, buying, and letting their properties. It is located in Solihull and counts up to 100 employees.

Different

  • Founded in: 2016
  • Types of services: Property Management
  • Total funding amount: $26.8M

Different is one of the most popular real estate property management software located in Australia that offers property maintenance, local leasing, inspections, and many more. If you need new tenants for your investment property, their leasing team will manage your entire leasing campaign to market your property in the best possible light. All-in-all, difference is about taking care of homes and the people who live in them.

Flyhomes 

  • Founded in: 2016
  • Headquarters: Greater Seattle Area, West Coast, Western US
  • Types of services: Financial Services, FinTech, PropTech, Real Estate Brokerage
  • Total funding amount: $310M

Flyhomes isn’t just about cash advances; they’re a one-stop shop for competitive home buying.  They act as your financial partner with a cash advance to waive financing contingencies, streamline the process with pre-qualification, offer expert guidance throughout the search and closing, and provide tailored solutions like down payment assistance or bridge loans.  Their technology platform further simplifies the experience, making Flyhomes a powerful ally in today’s competitive real estate market.

Bridgit

  • Founded in: 2014
  • Headquarters: Great Lakes (Canada)
  • Types of services: Workforce Intelligence for Construction
  • Total funding amount: $41.9M

Bridgit is a real estate technology company that optimizes construction project management with its platform, Bridgit Bench. This solution enables construction firms to efficiently manage project schedules and labor plans, using historical data and predictive analytics to forecast needs and ensure optimal staffing.

GetAgent

  • Founded in: 2014
  • Headquarters: Europe, Middle East, and Africa (EMEA)
  • Types of services: Property Management, Real Estate
  • Total funding amount: £2.5M

GetAgent is a tech-enabled real estate brokerage that connects homebuyers and sellers with experienced agents through an online platform. GetAgent uses a matching algorithm to connect clients with agents who specialize in their needs and price range.

What are the Innovative Real Estate Tech Startups of Today?

What do you think, what are the best real estate startups in the world today? Let’s describe some of the most interesting tech innovators in the sector. Scroll down and get the list of real estate startups.

BrickMark Group

  • Founded in: 2018
  • Headquarters: Europe, Middle East, and Africa (EMEA) 
  • Types of services: Real Estate, Real Estate Investments, Security
  • Total funding amount: CHF10M

BrickMark Group operates within the real estate sector, specializing in both traditional investment and management of commercial properties across Europe. Notably, they position themselves as a forerunner in the tokenization of real estate assets. This process entails transforming ownership of physical properties into digital tokens that can be traded on a blockchain platform.

Fundrise

  • Founded in: 2010
  • Types of services: Real Estate Investment, Financial Services

Fundrise is a Washington, D.C.-based real-estate technology startup founded in 2010 that operates an online investment platform. It is considered a pioneer in real estate crowdfunding, enabling individuals to invest in real estate with lower minimums and greater diversification than traditional methods.

Rentberry

  • Founded in: 2015
  • Types of services: Property Management, Rental Services
  • Total funding amount: $8.8M

Rentberry provides tenants and landlords with services of rental and price negotiation. So, it is a rental service web platform among property startups. It is located in San Francisco, California. The employees working for the company are up to 50 people. 

Compstak

  • Founded in: 2012
  • Types of services: Crowd-sourced Real Estate Information Gathering 
  • Total funding amount: $30.9M

CompStak startup aims at gathering commercial real estate data. This data is being shared with investors, brokers, asset managers, and appraisers. It is located in New York and consists of 50 employees. 

Roofstock

  • Founded in: 2015
  • Types of services: Real Estate Marketplace, Rental Services
  • Total funding amount: $132.3M

Roofstock is a web marketplace startup. It allows investing in leased one-family homes that are for rental purposes. These services are transparent and low-friction. The company is located in Oakland, California. It counts up to 250 employees at present. 

Rentroom

  • Founded in: 2018
  • Headquarters: Greater New York Area, East Coast, Northeastern US
  • Types of services: Online Rent Collection, Accounting & Reporting
  • Total funding amount: $10M

Rentroom is a startup that is meant for the next-gen society. It uses innovative techniques and tools. And, provides software for both property owners and tenants. It is located in New york. Its office counts up to 10 employees. The tech stack they use is various and per client needs.

HelloWorld Technologies India

  • Founded in: 2019
  • Headquarters: Asia-Pacific (APAC)
  • Types of services: Student- & Co-living Community Platform
  • Total funding amount: $10M

This company is one of the new real estate startups that is a student-living and co-living entity. It is located in Bangalore, Karnataka. Their tech stack has HTML5, Google Analytics, and Google Fonts, and other 12 technologies.

Hubble

  • Founded in: 2014
  • Headquarters: UK, Europe, Middle East, and Africa (EMEA)
  • Types of services: Workplace Rental & Management Services
  • Total funding amount: $12.3M

Hubble is a startup. It offers hybrid workplaces a platform for searching, setting up, and management purposes. It is located in London, England with 100 employees on board. The company uses 37 technologies, including HTML5, Google Analytics, and Google Fonts.

Kzas.AI

  • Founded in: 2019
  • Headquarters: São Paulo, Brazil
  • Types of services: AI-powered Real Estate Broker Services
  • Total funding amount: $5M

Kzas.AI is one of the best proptech startups with an innovative AI web platform. This platform matches real buyers with real properties that exist on the market. How? With the help of an AI algorithm starting from search. It is located in São Paulo, Sao Paulo. And, the company has up to 100 employees. And, they use various technologies.

Bellman

  • Founded in: 2019
  • Headquarters: Europe, Middle East, and Africa (EMEA)
  • Types of services: Property Management
  • Total funding amount: $19.5 M

Bellman is among the top real estate startups. It offers property managers valuable tech services. These managers are able to provide property owners with fast and transparent services. Ballman is located in Paris, Ile-de-France. It has up to 50 employees. It also has a unique tech stack.

Real Estate Technology Trends for 2024

The industry is actively adopting technology on the way to digitalization, improved property management, and investment decisions. To manage this, real estate companies implement virtual reality (VR) AI, the IoT, etc., making it popular for real estate trends. What can we expect in 2024? Let’s find out.

Generative AI

AI along with machine learning plays a major role in the future of the industry having the potential to greatly improve the real estate industry. We’ve already witnessed the widespread use of AI-generated Instagram pictures, AI tools like Midjourney, Stable Diffusion, or Picsart, and the adoption of ChatGPT.

AI is being used to automate document review, and analysis, and generate personalized real estate listings based on social media data and other sources.

The next trend that is about to evolve is generative AI. It aims to:

  • create detailed and more accurate representations of properties
  • recognize and classify different types of buildings and spaces
  • generate descriptions of properties based on market trends and feedback from buyers

Contech

Construction tech is basically the technology used to innovate the way construction companies plan, design, and build structures, while everything is digitally connected in real-time.

A rapidly evolving trend within the real estate industry that can help increase housing affordability to a wider range of buyers. Advanced construction techniques (e.g. energy innovation, robotics in construction, 3D printing):

  • streamline the building process and reduce the need for extra labor
  • enable customization and flexibility in the design of housing units
  • cut down the cost of building homes by automating certain tasks

Immersive Technologies

Immersive technologies remain a real estate technology trend. AR/VR and 3D visualization are used in virtual property tours, and construction planning and also serve as smart building technologies to create 3D models of a potential project.

Real estate companies that focus on customer experience, provide potential clients with virtual tours of their houses or an immersive 3D experience of a property, which helps visualize and make more informed decisions.

AI and ML

More and more real estate companies use AI-powered tools to streamline and enhance their operations. Artificial intelligence and Machine learning transform collected data into action and make for more accurate identification of patterns, leading to smarter decisions.

One of the most common AI and ML use cases is online real estate marketplaces where AI personalizes the home search process. Marketplaces are designed to provide results based on users’ search behaviors. Real estate agents will also use AI-enhanced tools to analyze the sales funnel and generate targeted campaigns to improve conversion.

How to Become an Innovative Real Estate Tech Company: Pro Tips

What does it take to be the most innovative real estate company? And use all the most significant market opportunities? It is vital to remember the following concepts:

  • Get to know your audience via market research. If you have no clue how to make research, leave it to the experts. For instance, there is a discovery phase service. It will make a comprehensive analysis of your business idea. In the end, you will have all the information, documentation, and a detailed business plan. There are no risks, no money wastage, and correctly defined timeframes.
  • Understand your customers’ needs and digitalize them per customers’ convenience. What do your customers want you to help them with? Sell a property, buy one in urban cities or anywhere else? Or, maybe, to lease a property? Do they want you to offer them a special filtering search, or a multiple listings service (MLS)? Build an MVP first and collect early user feedback. Keep in mind that the more you know the better services you will offer. And, this will make you among the top real estate tech companies.
  • Apply AI and Big Data technologies to make your web app smarter. With the help of AI and Big Data, you can provide a filter-based search for your clients. And, also, make it possible to match customers with the most suitable properties. Also, analyzing a large scope of data will give you insights. Mainly, on what type of property your clients are looking for, etc. Sounds amazing and smart indeed. Find the newest machine learning ideas for startups here.
  • Design your product according to user-friendliness and usability principles. Even if your product is functional, it should meet the real estate design and be usable for the end-users. That means, your site has to be laconic, with easy navigation and page logic. Clients like pages that are simple and convenient to use. Stick to that rule and benefit from simplicity.
  • Integrate CRM, MLS, and other important real estate technologies. It is impossible to imagine a real estate services website without an integrated system. Be it a customer management system for employees, an MLS, or a payment gateway for customers. Additional features will give your clients the convenience of use. And these extra services are considered innovative. That’s what real estate technology companies try to implement. And doing so they stay on top of their competitors.

Consider Inoxoft Your Trusted Partner

Inoxoft is an international web and mobile software development company. As an innovative proptech firm, we are ready to help you enhance your real estate business. Why choose our real estate software development services?

  • Expertise and experience. With over 10 years of experience with 230+ projects completed, we bring deep industry knowledge to your real estate software needs.
  • Cutting-edge technologies. We use AI, machine learning, big data analytics, and cloud computing to create innovative and efficient proptech solutions.
  • Comprehensive Solutions. Inoxoft offers CRM systems, property management software, MLS integration, and HOA management platforms tailored to enhance your business operations.
  • Security and Optimization. Implement robust security measures and optimized workflows for data protection and operational efficiency.
  • Client Satisfaction. Trusted by leading companies like Toshiba, Nivea, and UC San Diego, we are committed to delivering high-quality, client-focused solutions.
  • Quality Assurance. We maintain high standards with dedicated quality assurance testing to deliver reliable and performant real estate software solutions.

Let’s look at our clients’ recent success story, demonstrating how Inoxoft deploys top-notch real estate solutions.

Our Case Study: Property Management Software for a Real Estate Company

Our client, Marketplace Homes, is a USA-based real estate company with over 20 years of experience in property management, leasing, and investments. They needed a comprehensive platform to guide users through property management processes, including buying, selling, and renting properties.

Inoxoft developed a user-friendly web platform featuring IDX functionality, attractive UI design, seamless UX, and advanced filtering options for quick and efficient property searches. The platform allows users to easily register, filter listings, save preferences, and arrange calls with real estate agents, facilitating a smooth property management experience.

The new platform enhanced the client’s brand positioning, improved website navigation, and streamlined the property management process, making it more user-friendly and efficient.

Final Thoughts

Largest proptech companies and startups have a substantial economic impact. Their innovations drive efficiency, reduce costs, and enhance user experience in property management and transactions. Investing in the development of such solutions accelerates the growth of the real estate industry and fosters competition and innovation, leading to more advanced and user-centric technologies. 

Inoxoft’s extensive experience in custom proptech software development makes us a valuable partner for real estate companies. With a proven track record of delivering custom property management solutions that enhance efficiency and drive growth, Inoxoft is well-equipped to help real estate businesses harness the latest technologies to stay competitive and thrive.

Ready to transform your real estate business with cutting-edge technology? Contact Inoxoft to elevate your property management operations.

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Frequently Asked Questions

What makes a real estate tech company innovative?

An innovative real estate tech company uses advanced technologies like AI, blockchain, GIS, and big data to streamline processes, enhance user experience, and provide unique solutions to industry challenges.

How are these companies selected for the list?

We selected proptech companies with the most significant technological advancements, market impact, and the ability to solve critical real estate issues.

How can these technologies benefit real estate professionals?

Proptech technologies improve efficiency, reduce costs, enhance decision-making, and provide better customer experiences by automating processes and offering data-driven insights.

Can small real estate agencies benefit from these innovations?

Yes, small real estate agencies can significantly benefit from adopting these technologies to compete more effectively, improve operational efficiency, and offer enhanced services to clients.

In which country is the largest number of innovative real estate tech companies?

The United States has the largest number of innovative real estate tech companies, driven by a robust startup ecosystem and significant investment in proptech.