Real estate venture capital deployed $297 million in Q1 2025, with 48% of deals in AI-driven property solutions.
The focus shifted. Traditional property deals take backseat to tech-enabled real estate platforms. Compliance automation attracts capital. Transaction efficiency drives valuations.
This guide lists 35+ active real estate VCs. Property development funds, REIT investors, marketplace backers. Direct contacts included.
Track your real estate pitch deck
Property platform built. Unit economics proven. First markets profitable.
PDFs disappear in inboxes. Track engagement instead.
Ellty shows which slides investors study. When they forward to partners.
Top 35 real estate investors
1. Fifth Wall
Largest real estate tech VC with $3.2B under management.
Investment focus: Property tech platforms, real estate marketplaces, climate solutions
Investment range: Seed to growth, $1M-$100M+
Notable investments: Opendoor, Lime, 160+ portfolio companies
Contact: fifthwall.com
2. RRE Ventures
NYC-based firm focused on real estate transformation.
Investment focus: Real estate tech, property platforms, US/Canada
Investment range: Series A-C, $5M-$25M
Notable investments: 400+ companies across real estate sectors
Contact: rre.com
3. Camber Creek
Strategic real estate tech investor backed by property owners.
Investment focus: Property management, leasing, construction efficiency
Investment range: Up to $9M typical check
Notable investments: 60+ proptech companies
Contact: cambercreek.com
4. MetaProp
Global proptech VC with accelerator program.
Investment focus: Early-stage property technology, real estate innovation
Investment range: Seed to Series A, plus accelerator
Notable investments: Property management and transaction platforms
Contact: metaprop.org
5. Bain Capital Real Estate
Private equity giant's property investment arm.
Investment focus: Real estate assets, property platforms, REITs
Investment range: $50M+ typically
Notable investments: Major property acquisitions and platforms
Contact: baincapital.com
6. Second Century Ventures
NAR-backed real estate innovation fund.
Investment focus: Real estate tech, agent tools, transaction platforms
Investment range: Seed to Series B
Notable investments: DocuSign, 100+ real estate startups
Contact: secondcenturyventures.com
7. Lennar Ventures
Homebuilder's strategic investment arm.
Investment focus: Construction tech, property marketplaces, fintech
Investment range: Strategic investments, varies
Notable investments: Real estate platforms and services
Contact: lennarventures.com
8. Lefrak Ventures
Family office investing in real estate innovation.
Investment focus: Commercial/residential real estate, property tech
Investment range: Undisclosed, 70+ investments
Notable investments: 10 exits from portfolio
Contact: lefrak.com
9. Moderne Ventures
Early-stage real estate tech investor.
Investment focus: Real estate, insurance, finance, home services
Investment range: Seed to Series A, $500K-$3M
Notable investments: 200+ portfolio companies
Contact: moderne.ventures
10. Alpaca VC
NYC real estate technology specialist.
Investment focus: Early-stage property tech globally
Investment range: Seed to Series A
Notable investments: Point, Upstream, real estate platforms
Contact: alpaca.vc
11. Building Ventures
Boston-based construction and real estate VC.
Investment focus: Built environment innovation, property tech
Investment range: Seed to Series A
Notable investments: Construction and property platforms
Contact: buildingventures.com
12. Brick & Mortar Ventures
Construction and architecture software investor.
Investment focus: Construction tech, real estate software
Investment range: Up to $9M, varies by stage
Notable investments: Rugged Robotics ($9M)
Contact: brickmortar.vc
13. JLL Spark
Global real estate services firm's venture arm.
Investment focus: AI-powered real estate, occupancy tech, property management
Investment range: Series A-C typically
Notable investments: VergeSense, global proptech portfolio
Contact: jll.com/spark
14. CBRE Ventures
Commercial real estate leader's investment arm.
Investment focus: Commercial property tech, workplace solutions
Investment range: Strategic investments
Notable investments: Property management and leasing tech
Contact: cbre.com
15. Thomvest Ventures
Peter Thomson's real estate and tech fund.
Investment focus: Real estate platforms, property marketplaces
Investment range: Series A-C, $5M-$30M
Notable investments: Real estate tech leaders
Contact: thomvest.com
16. RET Ventures
Strategic fund backed by real estate operators.
Investment focus: Multifamily tech, property management
Investment range: Seed to Series B
Notable investments: Rental housing technology
Contact: retventures.com
17. Zigg Capital
European real estate tech investor.
Investment focus: Property platforms, real estate fintech
Investment range: Seed to Series A
Notable investments: European proptech leaders
Contact: ziggcapital.com
18. Prologis Ventures
Logistics real estate giant's venture arm.
Investment focus: Supply chain, logistics real estate tech
Investment range: Strategic investments
Notable investments: Warehouse and logistics platforms
Contact: prologis.com
19. Trinity Ventures
Silicon Valley firm with real estate practice.
Investment focus: Digital real estate platforms, marketplaces
Investment range: Series A-C, $10M-$40M
Notable investments: Real estate SaaS and marketplaces
Contact: trinityventures.com
20. Navitas Capital
Real estate tech specialist fund.
Investment focus: Property technology, real estate innovation
Investment range: Seed to Series B
Notable investments: Smart building and property platforms
Contact: navitascap.com
21. Parker89
Strategic real estate investor and accelerator.
Investment focus: Commercial real estate tech, property platforms
Investment range: Seed to Series A plus acceleration
Notable investments: CRE technology companies
Contact: parker89.com
22. Shadow Ventures
Early-stage real estate tech investor.
Investment focus: Property management, real estate marketplaces
Investment range: Pre-seed to seed, $250K-$1M
Notable investments: Early-stage proptech
Contact: shadow.vc
23. Goldacre Ventures
UK-based property tech investor.
Investment focus: European real estate innovation
Investment range: Seed to Series A
Notable investments: UK property platforms
Contact: goldacreventures.com
24. A/O PropTech
European property technology fund.
Investment focus: Real estate digitization, property platforms
Investment range: €500K-€5M
Notable investments: European proptech leaders
Contact: aoproptech.com
25. Pi Labs
Europe's first proptech accelerator and VC.
Investment focus: Property innovation, real estate platforms
Investment range: £50K-£2M
Notable investments: 70+ proptech companies
Contact: pilabs.co.uk
26. Concrete Ventures
Real estate tech fund with operator backing.
Investment focus: Property technology, real estate SaaS
Investment range: Seed to Series A
Notable investments: Property management platforms
Contact: concretevc.com
27. Legacy Capital Ventures
Property development and tech investor.
Investment focus: Property development, construction tech
Investment range: Varies by opportunity
Notable investments: 25 property developments, 13 tech investments
Contact: legacycapitalventures.com
28. Greensoil Investments
Climate-focused real estate investor.
Investment focus: Sustainable real estate, green building tech
Investment range: Seed to Series B
Notable investments: CarbonCure, ESG platforms
Contact: greensoil.vc
29. Krillion Ventures
Chicago real estate and fintech investor.
Investment focus: Real estate tech, property fintech
Investment range: Seed to Series A
Notable investments: Property management and finance platforms
Contact: krillionventures.com
30. Blackstone Ventures
PE giant's real estate innovation arm.
Investment focus: Large-scale real estate platforms, REITs
Investment range: $50M+ typically
Notable investments: Major property portfolios
Contact: blackstone.com
31. Alexandria Venture Investments
Life science real estate company's venture arm.
Investment focus: Real estate for innovation economy
Investment range: Strategic investments
Notable investments: Lab and innovation campus tech
Contact: alexandriainc.com
32. Starwood Capital
Global real estate investment firm.
Investment focus: Property assets, real estate platforms
Investment range: $50M+ typically
Notable investments: Hotels, residential, retail properties
Contact: starwoodcapital.com
33. GroundBreaker Ventures
Real estate crowdfunding and tech investor.
Investment focus: Real estate investment platforms, crowdfunding
Investment range: Seed to Series A
Notable investments: Real estate fintech platforms
Contact: groundbreaker.vc
34. Urban Innovation Fund
City-focused real estate tech investor.
Investment focus: Urban real estate solutions, civic tech
Investment range: $100K-$1M
Notable investments: Urban planning and property tech
Contact: urbaninnovation.fund
35. Taronga Ventures
Real estate innovation fund with global reach.
Investment focus: Built environment tech, property platforms
Investment range: Seed to Series B
Notable investments: International proptech portfolio
Contact: tarongaventures.com
Pitching real estate investors
What matters in 2025
AI integration: Show how AI improves operations, not just buzzwords
Compliance automation: New regulations drive demand
Unit economics: Path to profitability within 18 months
Market timing: Why now after real estate correction
Metrics they track
- GMV/GTV for marketplaces
- Take rate and margin expansion
- CAC payback period
- Market penetration in target cities
- Regulatory compliance status
Common mistakes
Ignoring interest rate sensitivity. Real estate is cyclical.
No path to profitability. Growth at all costs died in 2023.
Too narrow focus. Need large addressable market.
Alternative funding
Strategic investors
Zillow Ventures: Marketplace expertise
Redfin Ventures: Transaction innovation
CoStar Ventures: Commercial real estate data
WeWork Labs: Despite challenges, still investing
Real estate funds
Blackstone Real Estate: $300B+ in assets
Brookfield Asset Management: Global scale
Starwood Capital: Opportunistic investing
Colony Capital: Digital infrastructure focus
Government programs
Opportunity Zones: Tax incentives for development
HUD Innovation: Affordable housing tech
State housing funds: Local real estate innovation
Success stories
Platform winners
Opendoor: $1.9B raised. Redefined home buying despite challenges.
Compass: $1.5B raised pre-IPO. Agent platform at scale.
Roofstock: Single-family rental marketplace. Multiple rounds.
Recent momentum
Foyer: $6.2M seed for transaction savings.
Craftwork: $7M Series A for maintenance automation.
Ruck: $5M for contractor logistics.
Why they fail
Rate sensitivity ignored. 2022-2023 killed many.
No real differentiation. Another property marketplace.
Regulatory issues. Real estate heavily regulated.
How Ellty helps
Real estate pitch decks need market timing story. Rate environment slides crucial.
Ellty shows:
- Market analysis slides: 3x longer views
- Unit economics: Most scrutinized section
- Team real estate experience: Key qualifier
Real estate founders report:
- Know which investors understand cycles
- See when forwarded to LPs
- Track partner engagement patterns
FAQs
Q: How much for real estate seed?
$2-5M typical. Higher than SaaS due to market risk.
Q: When to raise in cycle?
Counter-cyclical often best. Less competition.
Q: Strategic or financial first?
Financial for independence. Strategic for distribution.
Q: Geographic focus needed?
Start focused. Prove model before expansion.
Q: How important is real estate experience?
Critical. Investors want operators who understand cycles.
