Los Angeles raised $8.3B across 520+ deals in 2025, with proptech taking $980M of that. LA has the second-largest proptech ecosystem after SF. Most capital went to multifamily tech and construction platforms. The city's massive real estate market creates testing grounds but conservative adoption timelines. You'll compete with companies solving LA-specific problems like housing density and seismic compliance.
Fifth Wall (Los Angeles): Led Veev's $400M Series D in prefab construction
Camber Creek: Backed SmartRent's $60M Series C for LA multifamily
Zigg Capital (Los Angeles): Invested in Landed's $60M Series C for homeownership
Mucker Capital (Los Angeles): Led Dwellito's $8M Series A in LA rental platforms
Concrete Rose Capital: Backed Factory OS's $55M for modular housing
MetaProp: Invested in VTS's enterprise lease management used across LA
Moderne Ventures: Led Homeward's $136M Series C for residential tech
CEAS Investments: Backed OpenDoor's LA market expansion
JLL Spark: Invested in HqO's $60M Series C for tenant experience
R-LABS: Led Ribbon's $225M Series C for homebuying platform
Simon Venture Group: Backed Leap's retail-as-a-service for LA landlords
UP2398: Invested in Knox Financial's $28M Series A for real estate payments
PICO Venture Partners (Los Angeles): Led RentSpree's $3M seed round
Upfront Ventures (Los Angeles): Backed Doma's $100M Series D title insurance tech
Kairos: Invested in Hippo Insurance's homeowner tech platform
01 Advisors: Led Stately's $15M Series A for property tax appeals
LA raised $980M in proptech deals in 2025. Average seed round is $4.2M, higher than most sectors. The city has capital for multifamily tech and construction platforms but less for commercial office solutions post-pandemic.
LA investors understand local real estate challenges. Housing shortage, earthquake compliance, and sprawling geography create unique problems. Most successful LA proptech raises solve California-specific regulatory or physical constraints.
You'll find more growth capital than seed funding. LA has 20+ active proptech-focused funds but many write $8M+ checks. Early-stage rounds often need SF proptech VCs or traditional real estate family offices to participate.
The city's real estate market provides built-in customer access. LA landlords, developers, and property managers often pilot local tech before adopting nationally. Testing in LA's complex regulatory environment proves value for other markets. An effective pitch deck communicates value quickly without overexplaining.
Local presence matters significantly in proptech. LA investors have relationships with major landlords, developers, and property management companies across Southern California. Physical proximity helps with real estate partnerships that make or break proptech startups.
Portfolio companies should include businesses serving LA's real estate market. Check if they've backed companies dealing with California building codes, seismic requirements, or multifamily density challenges. LA proptech dynamics differ from NYC or SF because of sprawl and car-dependent development patterns.
Check sizes range from $2M seed rounds to $100M+ growth rounds. Early-stage proptech sees $1M-5M. Series A typically hits $10-25M, larger than most LA tech sectors. Growth rounds for proven platforms reach $50-150M. LA proptech investors write bigger checks than consumer tech because real estate sales cycles require more runway.
Local network means intros to major LA landlords and developers. Strong LA proptech investors can connect you to Essex Property Trust, AvalonBay, or LA-based family office real estate portfolios. They'll have relationships with major LA developers testing new construction tech. Pitch materials often travel further than expected, making basic access control a smart precaution.
Communication should include pilot results and customer testimonials from real estate operators. Use Ellty to share your deck with case studies and ROI data in one trackable link. LA proptech investors spend more time on customer validation slides than typical SaaS investors. You'll see which implementation details matter most.
Follow-on capacity varies but most LA proptech funds can support through Series B. Beyond $50M you'll likely need Fifth Wall, Camber Creek, or national growth funds. Check if your seed investor has relationships with larger proptech-focused funds for future rounds. Regular, trackable updates keep investors engaged beyond fundraising milestones.
Research local deals by checking The Real Deal LA, Propmodo, and Commercial Observer. Most LA proptech deals get covered in real estate trade press before tech media. Follow recent funding rounds in construction tech, property management, and residential platforms.
Leverage local ecosystem through BOMA Greater Los Angeles events, USC Lusk Center programs, and UCLA Anderson real estate conferences. NAIOP SoCal and ULI Los Angeles host networking where proptech founders meet investors. These organizations connect startups to real estate operators who validate products.
Build relationships first by attending real estate industry conferences. LA proptech investors scout at NMHC, Apartmentalize, and local developer events more than startup pitch competitions. You'll meet fund partners at real estate gatherings before formal pitch meetings.
Share your pitch deck with pilot data and customer case studies. Upload to Ellty and send unique links to each investor. Track which investors focus on your unit economics vs. implementation timelines. LA proptech VCs want to see how you navigate real estate sales cycles and regulatory approval processes.
Attend local events including LA Proptech Meetup, Fifth Wall Summit, and BOMA LA conferences. These gatherings have more relevant investors than general LA tech events. Real estate-focused sessions attract proptech investors actively deploying capital.
Connect with portfolio founders at LA proptech companies like SmartRent, Veev, or OpenDoor. They'll tell you which funds understand real estate sales cycles and regulatory complexities. LA proptech founders share insights about investor expectations around pilot programs and landlord adoption.
Organize due diligence materials including pilot agreements, landlord testimonials, and regulatory approval documentation. Set up an Ellty data room before first meetings. Include your building code compliance analysis and implementation timelines. LA proptech investors expect detailed operational plans.
Understand local pace - proptech deals close slower than consumer apps because investors validate with real estate partners. Expect 8-16 weeks from intro to term sheet for seed rounds. Series A can take 4-6 months. LA investors want to see pilot results and landlord references before committing.
LA proptech investors expect California regulatory expertise. Building codes, seismic requirements, and Title 24 energy compliance matter here more than other markets. You'll need to prove your tech works within California's strict construction and housing regulations.
Multifamily tech gets funded more easily than office tech post-pandemic. LA's housing shortage drives investor interest in residential solutions. Commercial office platforms face skepticism given high vacancy rates and remote work trends.
Real estate sales cycles mean longer runway requirements. LA proptech investors understand 6-12 month adoption timelines for property management tech and 18-24 months for construction platforms. They'll fund accordingly but expect detailed customer acquisition plans.
Largest proptech VC globally with LA headquarters and deep real estate network.
Proptech-focused fund with strong multifamily and residential expertise.
LA-based fund backing residential real estate platforms and homeownership tech.
LA seed fund with selective proptech investments in residential platforms.
Seed-stage fund focused on construction tech and housing affordability.
NYC-based proptech fund with active LA portfolio and West Coast presence.
Early-stage fund backing residential real estate and insurance tech.
Growth equity firm backing residential real estate platforms at scale.
Corporate VC arm of JLL focused on commercial proptech globally.
Real estate innovation fund backing residential transaction platforms.
Simon Property Group's VC arm focused on retail real estate technology.
LA-based early-stage fund with proptech and fintech focus.
LA micro-VC backing residential proptech and rental platforms.
LA's largest VC with selective proptech investments in infrastructure plays.
Growth equity fund backing insurance and real estate technology platforms.
LA-based fund backing residential real estate optimization platforms.
These 16 investors closed LA proptech deals in 2025-2026. Before you reach out to LA funds, set up proper tracking.
Upload your deck to Ellty and create a unique link for each investor. You'll see exactly which slides they view and how long they spend on your pilot results vs. market analysis. LA proptech investors typically focus heavily on customer case studies and implementation timelines rather than pure technology architecture.
When LA investors ask for pilot agreements, landlord testimonials, or regulatory compliance documentation, share an Ellty data room instead of email attachments. Your building code analysis, customer contracts, and financial model in one secure place with view analytics.
Do I need to be based in Los Angeles to raise from LA proptech investors?
Not required but helps significantly. LA investors prefer companies with local pilot customers and relationships with Southern California landlords or developers. Remote proptech startups need stronger traction and West Coast customer references.
How does LA compare to SF or NYC for proptech fundraising?
LA has more capital for residential and multifamily tech. SF dominates commercial real estate platforms. NYC leads in property management SaaS. LA investors understand California building codes and seismic requirements better than out-of-state funds.
What's the average Series A size for LA proptech?
$10-25M for companies with validated pilots and customer traction. Larger than most LA tech sectors because proptech requires longer runway for real estate sales cycles. Construction tech Series A rounds often reach $30-40M.
Should I raise locally or go straight to SF/NYC proptech funds?
Raise seed money in LA if you have local pilot customers. Fifth Wall and other LA proptech funds understand California regulatory challenges. For Series B+ you'll likely need national proptech funds. LA's proptech capital concentrates at early and growth stages.
Do LA proptech investors expect in-person meetings?
Yes for seed and Series A. They'll want to visit pilot properties, meet landlord customers, and see implementations. Zoom works for early conversations but expect to present in LA for final rounds. Growth investors may invest remotely with strong references.
What proptech categories get funded most in LA?
Multifamily tech led at $340M in 2025. Construction and modular housing raised $280M. Residential transaction platforms got $220M. Commercial office tech lagged at $80M due to post-pandemic uncertainty. Homeownership and affordability solutions raised $160M.
How important are real estate partnerships for LA proptech fundraising?
Critical. LA proptech investors expect pilot customers before seed rounds and multiple paying customers before Series A. Letters of intent don't carry weight. You'll need actual implementations with measurable results. Real estate operator references significantly accelerate fundraising timelines.