The PERE Proptech 20

Welcome to the Proptech 20, showcasing the world’s top property technology fundraisers.

PROPTECH 20 | OVERVIEW

Set against a challenging macroeconomic backdrop, fundraising in the private property technology capital markets has slowed. Despite this, PERE’s Proptech 20, ranking the top fundraisers for the strategy over the last five years, hit a new milestone in 2023, surpassing $10 billion in fundraising.

The 2023 ranking also saw a growing share of fundraising for the top 10 firms, and an ascendant Asia-Pacific. Headwinds notwithstanding, proptech continues to attract investment thanks to the drive to innovate the real estate market.

View our full ranking and analysis for more.

PROPTECH 20 | METHODOLOGY

The Proptech 20 ranking is based on the amount of proptech direct investment capital raised by firms between January 1, 2018 and June 30, 2023.

Where two firms have raised the same amount of capital over this period, the higher ranking goes to the firm with the largest currently active pool of capital raised since 2018. If there is still a ‘tie’ after taking into account the size of a single fund, we give greater weight to the firm that has raised the most capital within the past year.

We give the highest priority to information we receive from, or confirm with, the proptech managers themselves. When the proptech firms confirm details, we seek to ‘trust but verify.’ Some details simply cannot be verified by us and, in these cases, we defer to the honor system.

In order to encourage co-operation from firms that might make the Proptech 20, we do not disclose which have aided us on background and which have not. Lacking confirmation of details from the firms themselves, we seek to corroborate information using firms’ websites, press releases, limited partner disclosures and other sources.

PROPTECH 20 | PREVIOUS RANKINGS