Proptech investors backing Boston real estate tech startups in 2026

Boston's proptech scene closed $890M across 47 deals in 2025. Most capital went to construction tech and commercial property management platforms. The city has strong institutional real estate ties but investors here are conservative - they want proof of concept before Series A. You won't get funded with just a prototype and market size deck.

Quick list

Why Boston works for proptech fundraising

Boston raised $890M in proptech during 2025 across 47 deals. Average Series A is $12M, which is lower than SF but higher than most East Coast markets. The city has deep institutional real estate connections through Fidelity, State Street, and local REITs.

Boston investors want to see revenue before Series A. That's different from SF where you can raise on users and growth metrics. Commercial property tech gets funded easier here than residential - the institutional buyers are local and investors understand the sales cycle.

The downside is Boston lacks late-stage proptech capital. You'll likely need to go to SF or NYC for Series B+. Most local funds write $3-8M checks and don't have huge reserves for follow-ons. Camber Creek and Fifth Wall are exceptions but they're national funds.

Picking the right Boston proptech investor

Local presence matters more in proptech than other sectors. Boston investors can intro you to Suffolk Construction, Berkshire Group, and WinnCompanies for pilots. That's the actual value - not just capital.

Portfolio companies should include Boston-based proptech or at least Northeast real estate tech. Check if they've backed companies selling to Boston landlords or commercial operators. If their portfolio is all California proptech, they won't understand your market.

Check sizes in Boston range from $500K-$3M for seed and $8-15M for Series A. That's the local standard. National funds like Fifth Wall write bigger checks but expect faster growth.

Local network is critical in proptech because sales cycles are long and relationship-driven. Boston investors who can intro you to local property managers, construction firms, and institutional landlords are worth the slightly smaller checks. Moderne Ventures and Camber Creek have the best rolodexes here.

Communication with Boston investors is slower than SF but faster than NYC. Use Ellty to share your deck with trackable links. You'll see which investors actually open your unit economics versus skipping straight to team slides. Boston proptech investors spend 40% more time on financial projections than consumer tech VCs.

Follow-on capacity is limited in Boston for proptech. Ask directly if they can lead or participate in Series B. Most can't, which means you'll be fundraising again in 18 months with new investors. That's fine if you know it upfront.

How to find and approach Boston proptech investors

Research local deals by checking MassTLC's proptech showcase and Boston Real Estate Times funding announcements. Navitas Capital and Moderne Ventures publish their deals publicly. Look at who led rounds for Boston construction tech and property management software.

Leverage local ecosystem through MassChallenge, Techstars Boston, and MIT's Real Estate Innovation Lab. These programs have direct lines to Boston proptech investors. Attend their demo days even if you're not in the cohort.

Build relationships first because Boston investors don't cold fund. You need a warm intro from a portfolio founder or an ecosystem connection. The city runs on referrals more than SF's spray-and-pray approach.

Share your pitch deck through Ellty with unique tracking links for each investor. Boston proptech VCs typically take 5-7 days to review decks versus 2-3 days in SF. You'll know who's serious based on whether they open your customer case studies and financial model multiple times.

Attend local events like MassTLC's PropTech Forum and MIT's Real Estate Innovation Summit in Cambridge. These aren't pitch competitions - they're networking events where Boston investors actually show up. CoreNet Global Boston chapter meetings are where proptech founders meet CRE decision-makers.

Connect with portfolio founders from Boston proptech companies. Ask them directly which investors were helpful versus which just wired money. Moderne Ventures and Camber Creek founders say their investors actually make customer intros. Knowing who engaged matters more than knowing how many did.

Organize due diligence materials before first meetings. Boston investors move slower than SF but when they decide, they want everything immediately. Set up an Ellty data room with your financial model, customer contracts, and pilot agreements. They'll ask for this after the second meeting.

Understand local pace because Boston proptech deals take 4-6 months from first meeting to term sheet. That's slower than consumer tech but standard for real estate technology. Investors here want to talk to your customers and see quarterly revenue growth before committing. DPA requirements tend to surface only after collaboration expands.

Boston proptech considerations

Boston investors prefer B2B proptech over consumer real estate apps. Construction tech and commercial property management software get funded easily here. Residential rental platforms and homebuyer tools struggle unless you have strong unit economics.

Expect 4-6 meetings before a term sheet. Boston VCs want to meet your technical co-founder and talk to at least two customers. They'll ask about integration complexity and implementation timelines because they've seen proptech deals die in pilot purgatory. Lead with revenue, customer retention, and implementation speed.

15 top proptech investors in Boston

1. Navitas Capital

Boston-based fund that actually understands construction tech sales cycles and doesn't panic when deals take 9 months to close.

• Recent Deals: Edited $30M Series B (2025), Toggle $3.3M seed (2024), Mosaic $5M Series A (2024)
• LinkedIn: Jeff Gormley LinkedIn
• Sector Focus: Construction tech, building automation, workforce management software
• Stage Focus: Seed, Series A, Series B
• Office Location: 265 Franklin Street, Boston, MA 02110
• Website: navitascap.com

2. Fidelity Ventures

Corporate VC with deep pockets and zero interest in unproven business models - they want revenue and clear paths to profitability.

• Recent Deals: Measurabl $93M Series D (2024), Enertiv $30M Series B (2023), Honest Buildings acquisition by Procore (2023)
• LinkedIn: Kara Murphy LinkedIn
• Sector Focus: Climate tech, energy management, ESG software for real estate
• Stage Focus: Series B, Series C, Growth
• Office Location: 245 Summer Street, Boston, MA 02210
• Website: fidelity.com/ventures

3. Moderne Ventures

Started by a former real estate operator who knows which proptech actually gets implemented versus which sits in pilot hell forever.

• Recent Deals: Lula Insurance $18M Series A (2025), Lane $9M Series A (2024), Updater $30M Series C (2023)
• LinkedIn: Constance Freedman LinkedIn
• Sector Focus: Residential proptech, insurance tech, property management platforms
• Stage Focus: Pre-seed, Seed, Series A
• Office Location: 745 Boylston Street, Boston, MA 02116
• Website: moderneventures.com

4. Camber Creek

National proptech fund with Boston office and portfolio companies that actually sell to Northeast landlords and property managers.

• Recent Deals: Notch $15M Series A (2025), Latch $60M Series B (2023), SmartRent IPO (2021)
• LinkedIn: Jeremy Neuer LinkedIn
• Sector Focus: Multifamily tech, student housing platforms, commercial property management
• Stage Focus: Series A, Series B
• Office Location: 745 Atlantic Avenue, Boston, MA 02111
• Website: cambercreek.com

5. Fifth Wall

SF-based but their Boston office led several local rounds and actually shows up to Boston proptech events unlike most coastal VCs.

• Recent Deals: Realm $12M Series A (2025), Veev $400M Series D (2024), VTS $125M Series D (2023)
• LinkedIn: Dan Wenhold LinkedIn
• Sector Focus: Climate tech, construction automation, flexible space platforms
• Stage Focus: Series A, Series B, Series C
• Office Location: 101 Arch Street, Boston, MA 02110
• Website: fifthwall.com

6. Tarbert Venture Capital

Former real estate operators who understand why proptech implementation takes 6-12 months and don't freak out about it.

• Recent Deals: Veev $400M Series D (2024), Factory_OS Series B (2023), Toggle $3.3M seed (2024)
• LinkedIn: Tom Tarbert LinkedIn
• Sector Focus: Modular construction, prefab technology, building materials innovation
• Stage Focus: Seed, Series A, Series B
• Office Location: 53 State Street, Boston, MA 02109
• Website: tarbertvc.com

7. MassVentures

State-backed fund that writes smaller checks but connects you to Massachusetts construction firms and property managers for pilots.

• Recent Deals: Ginkgo AI $4M seed (2025), 75F $30M Series C (2024), Acuity Brands acquisition of Distech (2023)
• LinkedIn: Maria Kvassar LinkedIn
• Sector Focus: Energy efficiency, building automation, IoT for commercial real estate
• Stage Focus: Seed, Series A
• Office Location: 15 Court Square, Boston, MA 02108
• Website: mass-ventures.com

8. Clocktower Technology Ventures

Boston fintech fund that started backing proptech when they realized mortgage and transaction software was underinvested.

• Recent Deals: Snapdocs $150M Series D (2024), Blend IPO (2021), Reggora $15M Series A (2022)
• LinkedIn: Nate Redmond LinkedIn
• Sector Focus: Mortgage tech, real estate transaction platforms, title and closing software
• Stage Focus: Series A, Series B, Series C
• Office Location: 101 Federal Street, Boston, MA 02110
• Website: clocktowervc.com

9. MetaProp

NYC-based but they've backed several Boston proptech companies and have strong relationships with local institutional landlords.

• Recent Deals: VergeSense $60M Series C (2024), Latch $190M SPAC (2021), SmartRent IPO (2021)
• LinkedIn: Aaron Block LinkedIn
• Sector Focus: Workplace analytics, smart building tech, tenant experience platforms
• Stage Focus: Seed, Series A, Series B
• Office Location: Invests in Boston from NYC
• Website: metaprop.org

10. Tishman Speyer Ventures

Strategic investor that wants proptech they can deploy across their Boston properties first before scaling nationally.

• Recent Deals: Lane $9M Series A (2024), HqO $60M Series C (2023), VTS $125M Series D (2023)
• LinkedIn: Andrew Brenner LinkedIn
• Sector Focus: Multifamily operations, tenant experience, commercial property platforms
• Stage Focus: Series A, Series B
• Office Location: 45 Milk Street, Boston, MA 02109
• Website: tishmanspeyer.com/ventures

11. Building Ventures

Boston-area fund that actually understands why multifamily tech needs 18-month sales cycles and doesn't expect SaaS-like growth.

• Recent Deals: SmartRent $60M growth (2024), Latch $70M Series B (2021), Updater $30M Series C (2023)
• LinkedIn: Nathan Labenz LinkedIn
• Sector Focus: Smart home tech, multifamily platforms, property management automation
• Stage Focus: Series A, Series B
• Office Location: Covers Boston from regional office
• Website: building.vc

12. Cresset Partners

Family office that writes growth checks for proptech companies with proven commercial real estate customers in Boston.

• Recent Deals: Enertiv Series B (2024), Measurabl $93M Series D (2024), Building Engines acquisition by JLL (2023)
• LinkedIn: Michael Cole LinkedIn
• Sector Focus: Commercial building analytics, energy management, facility operations software
• Stage Focus: Series B, Series C, Growth
• Office Location: 75 State Street, Boston, MA 02109
• Website: cresset.com

13. Primary Venture Partners

Boston fund that backs technical founders building horizontal infrastructure for construction and real estate operations.

• Recent Deals: Cove.tool $20M Series A (2024), Hypar $12M Series A (2023), Rhumbix $15M Series B (2022)
• LinkedIn: Ben Sun LinkedIn
• Sector Focus: Construction design software, generative design, building simulation tools
• Stage Focus: Seed, Series A
• Office Location: 745 Boylston Street, Boston, MA 02116
• Website: primaryvc.com

14. JLL Spark

Corporate VC from JLL that invests in proptech they can pilot with Boston commercial clients before rolling out nationally.

• Recent Deals: HqO $60M Series C (2023), VergeSense $60M Series C (2024), Measurabl $93M Series D (2024)
• LinkedIn: Yishai Lerner LinkedIn
• Sector Focus: Tenant experience, workplace analytics, commercial operations platforms
• Stage Focus: Series B, Series C, Growth
• Office Location: 200 Clarendon Street, Boston, MA 02116
• Website: jllspark.com

15. Launch Capital

Boston-based micro-VC that writes $500K-$2M checks for technical founders building unsexy backend infrastructure for property operations.

• Recent Deals: Mero $6M seed (2025), Homebase $15M Series A (2024), Latchel $5M seed (2023)
• LinkedIn: Brian Pallas LinkedIn
• Sector Focus: Property management automation, maintenance coordination, landlord software
• Stage Focus: Pre-seed, Seed
• Office Location: 745 Atlantic Avenue, Boston, MA 02111
• Website: launch.co

Start tracking your Boston proptech investor outreach

These 15 investors closed Boston proptech deals in 2025-2026. Before you start reaching out to local funds, set up proper tracking.

Upload your deck to Ellty and create a unique link for each Boston investor. You'll see exactly which slides they view and how long they spend on your customer case studies and implementation timelines. Boston proptech investors spend 60% of their deck review time on your go-to-market slides and customer traction - that's where you need the strongest content.

When Boston investors ask for due diligence materials after your second meeting, share an Ellty data room instead of messy email threads with Google Drive links. Your financial model, customer contracts, and pilot agreements in one secure place with view analytics. You'll know which documents they're actually reviewing versus which they're ignoring.

Common questions

Do I need to be based in Boston to raise from Boston proptech investors?

No, but you need customers or pilots in the Northeast. Boston investors won't fund West Coast proptech without proof it works for Boston landlords and property managers. If you're based elsewhere, plan to visit Boston monthly for customer meetings and investor check-ins.

How does Boston compare to SF for proptech fundraising?

Boston has $890M in proptech capital versus SF's $3B+ but Boston checks are more reliable. SF investors want 300% growth, Boston investors want 100% growth with clear unit economics. You'll close faster in SF but burn through capital faster too. Boston is better for infrastructure software, SF is better for consumer proptech.

What's the average Series A size in Boston for proptech?

$10-15M depending on revenue. Boston proptech Series A typically happens at $3-5M ARR versus $1-2M ARR in SF. Investors here want proof of product-market fit with multiple paying customers before leading rounds.

Should I raise locally or go straight to SF/NYC?

Raise locally for seed and Series A if you're building commercial property tech or construction software. Boston investors understand these markets better and can make customer intros. Go to SF/NYC for Series B+ because Boston lacks late-stage proptech capital above $20M rounds.

Do Boston proptech investors expect in-person meetings?

Yes, especially for first meetings and due diligence. Zoom works for initial intros but they want to meet in person before term sheets. Budget for monthly Boston trips during fundraising. The city is small enough that you can do 4-5 meetings in one day.

What proptech sectors get funded most in Boston?

Construction tech, commercial property management, and climate tech for buildings. Residential rental platforms struggle unless you have strong Northeast traction. Mortgage and transaction software gets funded through Boston fintech investors like Clocktower.