New York closed $4.1B in proptech deals across 180+ rounds in 2025. Most capital went to property management software and residential platforms. The city has the deepest proptech investor bench in the US because real estate people actually live here. You'll compete with 200+ proptech startups for attention, but check sizes are 30-40% larger than SF for the same stage.
Fifth Wall (Manhattan): Led Latch's $100M Series D before the SPAC, still NYC's biggest proptech checks
MetaProp (Manhattan): Backed Snapdocs at $150M Series D, runs the most active proptech accelerator in NYC
Moderne Ventures (Manhattan): Led Homebound's $50M Series B, focuses on residential tech
Camber Creek (Manhattan): Backed VTS at $90M Series D, office and industrial focus
Navitas Capital (Manhattan): Led Updater's $30M Series C, tenant experience plays
Second Century Ventures (Manhattan): Backed Ribbon at $225M Series B, NAR's investment arm
Zigg Capital (Manhattan): Led Honest Buildings' growth rounds before WeWork acquisition
Brick & Mortar Ventures (Manhattan): Backed Kasa at $30M Series A, hospitality proptech specialist
Dream Maker Ventures (Manhattan): Led Reonomy's $60M Series C, focuses on CRE data
Established (Manhattan): Backed Rent the Runway before pivot, targets residential platforms
JLL Spark (Manhattan): Led VergeSense's $9M Series A, smart building tech from CRE giant
Revel Partners (Brooklyn): Backed Digs at $7M Series A, newer fund with construction focus
Simon Ventures (Manhattan): Led Spacious' seed round, retail-focused proptech from mall operator
Kairos (Manhattan): Backed Zeus Living at $55M Series B, flexible housing platforms
Moderne Capital (Manhattan): Led ServiceTitan's construction vertical expansion at $500M+
Corigin Ventures (Manhattan): Backed Industrious at $80M Series C, flexible space specialist
HSBC Real Estate (Manhattan): Led Convene's $152M Series D, targets workspace tech
RET Ventures (Manhattan): Backed Latchel at $10M Series A, runs active proptech newsletter
NYC proptech investors wrote $4.1B in checks in 2025 across 180+ deals. Average seed is $3.2M, Series A is $12M. That's 40% higher than Austin and 20% higher than SF for proptech specifically. New York has actual real estate operators writing checks, not just generalist VCs who read about real estate.
The catch is competition. You're pitching against 200+ proptech companies and every investor here has seen 15 versions of your idea. NYC investors expect you to understand commercial real estate operations, not just residential consumer plays. If you're building for property managers, landlords, or brokers, you need to know how REBNY works and what the 421-a changes mean.
Fifth Wall alone deployed $500M+ into proptech in 2025. MetaProp's accelerator funds 10-12 companies twice per year. The capital is here, but so is everyone else building in this space. Late-stage rounds close faster in NYC than SF because real estate LPs want their money in real estate tech, not general SaaS.
Local presence: NYC proptech investors want to see your product working in the city's buildings. They'll ask which property managers you're piloting with and expect names like Related, Durst, or Rudin. Manhattan investors can intro you to actual real estate operators faster than SF generalists who invested in proptech as a thesis.
Portfolio companies: Check if they've backed companies selling to the same customer. MetaProp's 80+ portfolio companies all sell to real estate buyers. That network matters when you need intros to Silverstein Properties or SL Green. Look for overlapping customers, not just overlapping categories.
Check sizes: Seed rounds run $2-4M, Series A is $8-15M, Series B is $20-40M. NYC proptech investors write bigger checks than generalist NYC VCs at the same stage because they understand real estate gross margins. Fifth Wall writes $10-30M checks, MetaProp does $250K-1M, Camber Creek focuses on $5-20M rounds.
Local network: The best NYC proptech investors sit on REBNY committees or advise real estate families. Second Century Ventures connects you to 1.5M NAR members. JLL Spark opens doors to JLL's 300+ corporate real estate clients. That's worth more than a brand-name VC with zero real estate relationships.
Communication: Share your deck through Ellty with separate links for each NYC investor. You'll see who actually opens your unit economics slides versus who just skims the team page. Proptech investors here expect detailed financial models - they want to see NOI impact, not just ARR growth.
Follow-on capacity: Fifth Wall, Camber Creek, and Moderne Ventures all have $200M+ funds for follow-on rounds. Smaller funds like MetaProp and Brick & Mortar usually bring in larger co-investors at Series A. Ask if they reserve capital for winners or if you'll need to find new lead investors next round. Most NYC proptech deals have 3-4 investors in the cap table by Series B.
Research local deals: Check MetaProp's batch announcements and Fifth Wall's portfolio page. Both publish detailed case studies. Read VTS and Latch S-1 filings to see which early investors backed them. The Rebusiness newsletter tracks NYC proptech deals weekly - it's more accurate than Crunchbase for this vertical.
Leverage local ecosystem: Apply to MetaProp's accelerator if you're pre-seed or seed stage. Demo days put you in front of 40+ proptech investors at once. Join AREA (A.CRE Accelerator) or BuiltWorlds NYC chapter. Fifth Wall hosts quarterly LP days where portfolio companies meet their LPs. Get into those rooms.
Build relationships first: NYC proptech investors meet 100+ companies per quarter. They're not taking cold emails unless you're referred by a portfolio founder or real estate operator they respect. Warm intros through REBNY connections or existing portfolio companies close meetings 10x faster than LinkedIn messages.
Share your pitch deck: Upload to Ellty and create unique tracking links for each investor. NYC proptech funds often share deals with co-investors, so you'll see if your deck gets forwarded to other firms. Track which slides get the most attention - if investors skip your market size but read your customer acquisition costs three times, adjust your pitch.
Attend local events: MetaProp runs monthly networking events in Manhattan. REBNY's PropTech Committee meets quarterly. BuiltWorlds hosts dinner series for founders and investors. The Real Estate Tech Summit in October draws every active NYC proptech investor. Skip generic startup meetups - go where real estate people actually gather.
Connect with portfolio founders: Message founders at VTS, Latch, Reonomy, or Honest Buildings on LinkedIn. Ask which investors actually helped versus who just wired money. NYC proptech is small enough that founders will tell you which VCs understand real estate operations and which ones treat it like regular SaaS.
Organize due diligence: Set up an Ellty data room before first meetings. NYC proptech investors want to see customer contracts, property manager references, and building-level metrics. They'll ask for proof that your solution works in Class A Manhattan buildings and outer borough properties. Have that ready in one secure link.
Understand local pace: Seed rounds close in 6-8 weeks if you have customer traction. Series A takes 12-16 weeks because investors want to talk to your customers directly. That's slower than SF but faster than Boston. NYC investors will ghost you if you don't have real estate operators willing to reference you. Line up those calls before you start fundraising.
NYC investors prefer B2B proptech over consumer residential plays. They've seen 50 versions of "Zillow but better" and passed on all of them. If you're building property management software, construction tech, or smart building platforms, you'll get meetings. Consumer rental apps get ignored unless you have 100K+ monthly actives in NYC already.
Expect 4-6 partner meetings before term sheets. NYC proptech investors want to meet your early customers and understand your real estate partnerships. They'll introduce you to their LP network (real estate operators) to validate your solution. Plan for 3-4 months from first meeting to signed term sheet for Series A and later. Seed rounds move faster if you're in MetaProp's accelerator or have strong customer references.
NYC's real estate market drives different priorities than SF. Investors here understand commercial leases, property management operations, and broker economics. Don't pitch them consumer growth hacks - show them how you improve NOI or reduce property operating expenses. The best-funded NYC proptech companies all had real estate operators as early customers and investors.
The largest proptech fund globally with $3B+ AUM and LPs who own 10% of global real estate. They write the biggest checks in NYC proptech.
NYC's dedicated proptech VC running the most active accelerator program. They've backed 80+ companies and know every real estate operator in the city.
Residential-focused proptech investor with strong ties to homebuilders and property managers. They led Homebound's major round in 2021.
Commercial real estate specialist with deep LP network in office and industrial sectors. VTS was their signature win.
Tenant experience and residential platform specialist. They backed Updater before it became the standard for move-in coordination.
NAR's strategic investment arm with access to 1.5M real estate agents. Ribbon's $225M round showed they can lead large deals.
Early-stage proptech specialist focused on construction and development tech. Honest Buildings was their biggest exit to WeWork.
Hospitality proptech specialist from Hyatt's strategic fund. Kasa raised $30M Series A with their backing.
CRE data platform specialist with portfolio concentrated in analytics and intelligence tools. Reonomy was their anchor investment.
Growth-stage proptech investor who backed Rent the Runway early and maintains residential platform focus.
Corporate venture arm from JLL with direct access to Fortune 500 real estate portfolios. They validate products through JLL's client network.
Brooklyn-based early-stage fund with construction and development focus. Newer fund but strong operator network.
Strategic fund from Simon Property Group focused on retail proptech. They understand mall operations better than anyone.
Flexible living specialist who backed Zeus Living's major growth round. Focus on subscription and on-demand housing models.
Growth equity arm of Moderne Ventures focused on larger tickets. ServiceTitan's construction vertical expansion showed their scale.
Flexible workspace specialist from Capital One's venture arm. Industrious was a key portfolio company before their SPAC.
Banking-backed proptech fund with focus on workspace and office tech. Convene's $152M round was one of NYC's largest proptech deals.
Active seed-stage proptech investor who runs the most-read proptech newsletter. Strong network in residential and multifamily.
These 18 investors closed 140+ proptech deals in NYC during 2025-2026. Before reaching out to Manhattan funds, set up proper tracking so you know who's actually interested.
Upload your deck to Ellty and create separate links for each NYC proptech investor. You'll see exactly which slides they review and how long they spend on your customer case studies. New York proptech investors typically skip market size slides but carefully read unit economics and customer acquisition costs - your analytics will show this pattern.
When MetaProp or Fifth Wall partners ask for customer references and financial models, share an Ellty data room instead of sending 15 files via email. Keep your term sheets, property manager contracts, and building-level metrics in one secure place with view tracking. NYC investors expect this level of organization before partner meetings.
Do I need to be based in New York to raise from NYC proptech investors?
No, but you need NYC customers or pilots. MetaProp and Fifth Wall have backed companies in Austin, Miami, and SF, but those companies all had Manhattan buildings or property managers in their customer list. If you're purely West Coast-focused, you'll struggle with NYC proptech funds.
How does New York compare to SF for proptech fundraising?
NYC has 3x more dedicated proptech capital and investors who actually understand real estate operations. SF has generalist VCs who dabble in proptech. Average Series A in NYC proptech is $12M versus $8M in SF. Competition is tougher here because you're pitching against 200+ proptech companies, but investors write bigger checks.
What's the average seed round size for NYC proptech?
$2-4M with lead checks of $1-2M. MetaProp typically invests $250K-500K, while Moderne Ventures and Camber Creek lead with $2-3M. Expect 2-3 investors in your seed round. If you're raising under $1M, you're too early for most NYC proptech VCs.
Should I raise locally or go straight to SF investors?
Raise in NYC if you're building for commercial real estate, property managers, or real estate brokers. The investor network here connects you to actual customers faster. Raise in SF if you're building consumer residential tech or marketplace models - they understand consumer growth better. Most successful NYC proptech companies had Fifth Wall or MetaProp in their seed round.
Do NYC proptech investors expect in-person meetings?
Yes, especially for Series A and later. Investors want to see your product working in Manhattan buildings. They'll ask to meet your pilot customers and tour properties using your solution. Seed rounds can start remote, but close the deal with in-person meetings. Budget for 3-4 trips to NYC during fundraising.
What industries get funded most in NYC proptech?
Property management software gets the most deals, followed by construction tech and smart building platforms. Residential marketplaces get funded but face tough competition from Zillow and existing players. CRE data and analytics platforms raise easily if you have verifiable data sources. Consumer rental apps rarely get funded unless you have 100K+ monthly actives already.
How long does it take to close a proptech round in NYC?
Seed rounds take 6-8 weeks with customer traction. Series A takes 12-16 weeks because investors want customer references and building visits. Series B and later take 16-20 weeks due to more extensive diligence. That's 4-6 weeks longer than SF on average, but NYC investors write larger checks to compensate.