55 VC firms investing in real estate & proptech, ranked by portfolio depth and activity.
Ranked by sector depth: the share of each firm's classified portfolio in this sector, its absolute count of investments here, and how recently it last invested. Firms need at least three portfolio companies in the sector to appear.
F4 Fund tracks 55 VC firms that actively invest in real estate & proptech, with check sizes ranging from $25K – $60M (median: $2.6M). As of September 2026, 95% of these firms lead or co-lead rounds. Rankings are based on F4's proprietary analysis of 2,037+ researched VC firms. Ranked by how much of each firm's portfolio is actually in this sector, and how recently it invested.
| # | Firm | Check Size | Portfolio | Leads? | Last invested | Decision | Intro |
|---|---|---|---|---|---|---|---|
| 1 | ▶ Second Century Ventures The best technology startups writ-large have universal utility, and we apply them to real estate, the world's largest asset class at roughly $380 trillion. We back companies with AI, digital platforms, fintech/insurtech, and security applications relevant to real estate and adjacent verticals. Chicago | $500K – $15M | 35 | Follows | Jun 2026 · Active | N/A | Open |
| 2 | ▶ JLL Spark No single company can produce all the innovation required to serve real estate clients. JLL Spark invests in early-stage technology startups solving problems in commercial real estate, construction, and workplace management. San Francisco | $250K – $5M | 48 | Both | Jun 2026 · Active | ~2 wks | Req'd |
| 3 | ▶ Pi Labs The real estate industry is analogue, antiquated, and carbon-intensive; today's technology isn't yet sufficient to make the built world fit for future generations, so we back founders building the digital and sustainable built world of tomorrow, from construction to cities to the future of work. London | $350K – $2M | 59 | Leads | ~Sep 2026 · Active | N/A | N/A |
| 4 | ▶ Axeleo Capital Operator-led firm running two funds: Digital (Pre-Seed/Seed, €0.5M-€3M initial) backing enterprise infrastructure, cybersecurity, AI/DevTools and fintech automation founders from beta to global blue-chip accounts; and Greentech Industry (Series A/B, €3M-€10M initial) financing the first industrial plants (FOAK) of European cleantech and deep-tech companies bridging pilot to commercial scale. Lyon, France | $500K – $15M | 67 | Both | ~Sep 2026 · Active | N/A | Open |
| 5 | ▶ Fifth Wall We invest in breakthrough technologies that make the built world more efficient, resilient, and sustainable. By combining capital with access to 115+ real estate owner-operator LPs, we help portfolio companies scale rapidly across vast existing asset bases. Los Angeles | $2M – $50M | 26 | Leads | ~Sep 2026 · Active | ~2 wks | Open |
| 6 | ▶ Hamilton Ventures Real estate remains largely analog and inefficient. We invest in proptech teams with revolutionary ideas for the built environment who have deep real estate expertise. We combine network investing with deep sector experience, builder mentality, and early-stage focus to create superior outcomes through shared partnership. Washington | $250K – $750K | 12 | Both | Mar 2026 · Active | ~2 mo | Open |
| 7 | ▶ R136 Ventures Identifies inflection points through proprietary Discovery Engine and backs founders who see opportunities others miss. Focuses on AI-driven transformation of B2B software and financial services, with deep technical due diligence analyzing 250+ data points. Woodside, CA | $2M – $20M | 42 | Both | Jun 2026 · Active | ~1 mo | Open |
| 8 | ▶ MetaProp Technology can make real estate more affordable, accessible, sustainable, and resilient. We invest across the entire real estate value chain—from financial services to operations, management, design, and transactions. We back founders with deep expertise and provide operational support, strategic connections, and access to our network of 900+ annual industry introductions. New York | $250K – $20M | 31 | Leads | May 2026 · Active | ~2 wks | Open |
| 9 | ▶ Atomic By combining ideas, capital, and talent, we can scale entrepreneurship and build transformational companies. We source 800+ ideas internally, recruit co-founders, and provide day-one operational support in design, engineering, finance, and recruiting. Miami | $300K – $10M | 20 | Leads | Jul 2026 · Active | ~1 wk | Open |
| 10 | ▶ Moderne Ventures Generalist investors with vertical expertise. We invest in bold, broad, multi-vertical technology companies applicable to multi-trillion dollar industries (real estate, finance, insurance, sustainability). Our distinctive Moderne Passport program creates value by connecting 1,500+ corporate executives with portfolio companies, generating customers, strategic partnerships, and operational guidance. Chicago | $2M – $25M | 27 | Leads | Mar 2026 · Active | ~2 wks | Req'd |
| 11 | ▶ Suffolk Technologies The $12 trillion built environment sector is ripe for digital transformation. Suffolk Technologies deploys capital, resources, and networks to help founders scale technologies in construction, architecture, engineering, real estate, and infrastructure. Uniquely positioned as the venture arm of Suffolk Construction, they provide operational test beds, jobsite access, and deep domain expertise that pure financial investors cannot. Boston | $150K – $10M | 59 | Leads | Jun 2026 · Active | ~2 mo | Open |
| 12 | ▶ Link Ventures We invest in early-stage AI-driven startups founded by top technical talent from MIT, Harvard, and Boston ecosystem. We believe transformative AI innovation is emerging from university-affiliated founders backed by comprehensive operational support, mentorship, and access to world-class networks. Cambridge | $1M – $8M | 76 | Leads | Jun 2026 · Active | ~2 wks | Req'd |
| 13 | ▶ Building Ventures The physical world is programmable hardware. We invest in entrepreneurs transforming the built environment across design, build, operate, and experience. Deep AEC domain expertise combined with technical innovation creates structural value. We partner with visionary founders using our network of 100+ AEC executives for pilots, feedback, and distribution. Boston | $100K – $10M | 43 | Leads | Jun 2026 · Active | 3+ mo | Req'd |
| 14 | ▶ Abstract Ventures #28 · Emerging 100 · 2026 Backing transformative founders building exceptional companies across all sectors San Francisco | $100K – $1M | 276 | Both | Jun 2026 · Active | N/A | N/A |
| 15 | ▶ Clocktower Technology Ventures Financial services represents the largest venture opportunity with disproportionately small VC allocation. We invest in companies reinventing financial services with operator teams combining domain expertise and execution excellence. Santa Monica | $500K – $20M | 107 | Both | Aug 2026 · Active | ~2 mo | Open |
| 16 | ▶ Alpaca VC We invest in technology companies that reshape foundational industries – real estate, commerce, manufacturing, energy, logistics, and agriculture. Founded by entrepreneurs for entrepreneurs, we bring operational guidance, strategic insights from proprietary Field Studies research, and downstream capital access. We believe the startup journey is better together, providing hands-on support to exceptional founders building enduring companies. New York | $500K – $5M | 72 | Both | Mar 2026 · Active | ~2 wks | Open |
| 17 | ▶ Silicon Gardens A Founders for Founders VC firm led by entrepreneurs who have built and scaled their own companies, backing pre-seed and seed founders across B2B SaaS, marketplaces, gaming/consumer apps, and D2C products, with hands-on mentorship and a bridge between the Adria/CEE region and Silicon Valley. Ljubljana | $300K – $1.5M | 50 | Both | Aug 2026 · Active | ~1 mo | Open |
| 18 | ▶ Gutter Capital We back exceptional founders tackling the world's toughest problems focused on affordability, economic mobility, and sustainability. We view ourselves as builders first and investors second, showing up early, staying late, and working alongside founding teams. New York | $300K – $3M | 32 | Leads | Feb 2026 · Active | ~2 wks | Open |
| 19 | ▶ RangeVentures Partner with ambitious founders building category-winning companies. We believe great founders who understand execution, customer obsession, and operational excellence can build transformative companies. We provide capital, operational guidance, network access, and strategic partnership—not just funding. | $250K – $2.5M | 80 | Leads | May 2026 · Active | ~2 wks | Open |
| 20 | ▶ Better Tomorrow Ventures Financial technology will create a better tomorrow. We invest in experienced operators solving real fintech problems with deep domain expertise. We're an extension of your founding team, not just capital. | $500K – $4M | 62 | Leads | Jun 2026 · Active | ~2 wks | N/A |
| 21 | ▶ Expa We build category-defining companies through a combination of design, product, operations, and capital. We identify market gaps, pair brilliant founders with Expa's studio resources, and help them build companies that reshape entire industries. San Francisco | $500K – $5M | 63 | Leads | Jun 2026 · Active | ~1 wk | Open |
| 22 | ▶ Brickyard Extraordinary founders execute faster when isolated from distractions and provided intensive on-site support. We seek junkyard dogs with high agency, non-obvious vision, delusional optimism, and execution discipline. Category matters far less than founder quality. Chattanooga, TN | $100K – $500K | 59 | Both | Aug 2026 · Active | ~2 wks | Open |
| 23 | ▶ Relay Ventures We fund founders building transformational businesses that solve major pain points in large markets. Since 2008, we have partnered with founders who combine technical expertise, operational excellence, and ambitious vision. We bring capital, networks, and strategic experience across multiple successful exits. Toronto | $500K – $10M | 42 | Leads | Apr 2026 · Active | ~2 wks | Open |
| 24 | ▶ 01 Advisors Fund #36 · Emerging 100 · 2026 Proven scaled operators are uniquely positioned to help hyper-growth companies reach the next level. We invest right after product-market fit (Series A-B) and focus on scaling go-to-market and building world-class companies. Inspired by Bill Campbell's coaching philosophy, we provide intensive operational support without taking board seats. San Francisco | $1M – $10M | 63 | Both | Jun 2026 · Active | ~2 wks | Open |
| 25 | ▶ Torch Capital Investing in AI-powered companies that transform how consumers and businesses operate. Torch backs both the consumer-facing brand layer and the AI infrastructure enabling next-generation experiences, with particular depth in health & wellness, fintech, and consumer commerce. New York | $500K – $3M | 66 | Both | Jul 2026 · Active | ~1 mo | Open |
| 26 | ▶ Lerer Hippeau As founder-operators, we see returns in relationships. We back ambitious founders with exceptional vision at the earliest stages with capital, mentorship, and network access. | $100K – $1M | 74 | Leads | Sep 2026 · Active | ~1 mo | Open |
| 27 | ▶ Hometeam Ventures Fund the digital transformation of construction—one of the world's largest industries yet to be modernized by technology. Invest in founders solving inefficiencies across the AEC lifecycle that impact housing affordability, climate resilience, and workforce transformation. San Francisco | $500K – $1M | 12 | Leads | Feb 2026 · Active | ~2 mo | Open |
| 28 | ▶ Flashpoint Venture Capital Flashpoint invests in founders across their full journey via venture growth, growth debt, and secondary capital, focused on high-growth Series A tech companies originating from Europe, Israel, and MENA, acting as a patient, long-term partner rather than a transactional check-writer. London | $2M – $30M | 89 | Leads | May 2026 · Active | N/A | N/A |
| 29 | ▶ Vitosha Ventures The next wave of category-defining technology companies will be built from Southeast Europe, starting in Bulgaria. Vitosha backs execution-driven founders building global-from-day-one products, prioritizing team conviction over the idea itself. Sofia, Bulgaria | $100K – $1M | 80 | Both | Jul 2026 · Active | ~2 wks | Open |
| 30 | ▶ Acurio Ventures Partner with visionary European founders at seed and Series A, leveraging the team's own operator experience and a network of 150+ international co-investors. Sector agnostic (excluding life sciences and crypto) with ~50 companies per fund. Strong focus on capital efficiency, unit economics, and realistic paths to profitability. Co-investor by default; will lead when it adds value. Bilbao, Spain | $100K – $3M | 95 | Both | ~Jul 2026 · Active | N/A | Open |
| 31 | ▶ Xfund Back entrepreneurs who think laterally and experiment across disciplines. We seek founders with multidisciplinary abilities who will become more insightful innovators. We value creative problem-solving, intellectual curiosity, and the ability to synthesize insights across fields. Cambridge | $500K – $5M | 29 | Both | Apr 2026 · Active | ~1 mo | Req'd |
| 32 | ▶ Activant Capital Partner with relentless founders through their most defining stages of growth, using an in-house Research team to underwrite and support commerce-infrastructure and AI-native technology companies. Greenwich, CT | $15M – $60M | 118 | Both | May 2026 · Active | N/A | N/A |
| 33 | ▶ Forerunner Ventures Investing at the intersection of Invention & Culture. We back founders building category-defining consumer companies where technology breakthroughs meet emerging human behavior. We see inflection points before they're consensus by tracking both emerging technology capabilities and emerging consumer demands. San Francisco | $1M – $20M | 115 | Leads | ~Sep 2026 · Active | ~2 wks | Open |
| 34 | ▶ Chalmers Ventures Chalmers Ventures transforms breakthrough Chalmers University research into successful, impact-driven global companies, blending venture creation with venture investing under one roof. Gothenburg, Sweden | $100K – $2.4M | 128 | Both | Jun 2026 · Active | ~2 mo | Open |
| 35 | ▶ Firstminute Capital We invest in founders with laser-focused ambition to define technology across AI and deep tech. No stage is too early. Our role is to be their first call, fiercest champion and long-term partner from idea to impact. London | $1.3M – $3.8M | 140 | Both | Aug 2026 · Active | N/A | Open |
| 36 | ▶ Initialized Capital #77 · Top 100 · 2026 Passion and vision matter more than pedigree. We seek founders with grit, audacity, and a spark of rebellion—regardless of background. We invest early, before success is inevitable, and support founders from 0-to-1 through Series A. San Francisco | $250K – $2M | 191 | Leads | Aug 2026 · Active | ~2 wks | Open |
| 37 | ▶ Moxxie Ventures Exceptional founders living in the future deserve operators who provide more than capital. We partner with founders on go-to-market, brand, storytelling, and team building. San Francisco | $500K – $2M | 60 | Leads | May 2026 · Active | ~2 wks | Open |
| 38 | ▶ Balderton Capital Balderton Capital backs European-founded technology companies with visionary founders building transformative businesses. The firm combines patient capital, operational expertise, and founder support to enable European entrepreneurs to build world-class companies. | $500K – $15M | 200 | Leads | May 2026 · Active | ~2 wks | Open |
| 39 | ▶ Uncork Capital We back bold founders at the earliest stages with capital and deep operational support. High-conviction, long-term partnerships with founders solving real problems. Founder-market fit above all else. Speed, transparency, and staying committed through difficult times. | $1.5M – $3M | 200 | Leads | Apr 2026 · Active | ~2 wks | Req'd |
| 40 | ▶ Index Ventures #6 · Top 100 · 2026 We invest in who you are, not just what you do. We back visionaries and game-changers with character and global ambition. We partner long-term with founders, providing capital, operational support, and deep conviction in their vision. San Francisco | $500K – $50M | 380 | Leads | Sep 2026 · Active | N/A | Req'd |
| 41 | ▶ Zigg Capital #100 · Top 100 · 2026 Real estate has been stagnant for 50 years despite massive innovation in other industries. Shifting demographics, transportation changes, and evolving preferences are forcing modernization. We back visionary entrepreneurs building solutions across construction, property management, residential finance, and retail that will improve quality of life, work, and community. New York | $500K – $10M | 28 | Both | Oct 2025 · Active | ~2 wks | Open |
| 42 | ▶ NextView Ventures NextView helps entrepreneurs build companies of consequence. We lead rounds for pre-traction companies leveraging software to solve mass-market human problems. We operate as equal partners with deep experience, acting decisively and empowering founders. Boston | $400K – $4M | 171 | Leads | Apr 2026 · Active | N/A | Req'd |
| 43 | ▶ Slow Ventures Backing experienced founders with deep domain conviction at the earliest stages. Fund genuine 'venture moments' — discrete inflection points where new capital validates novel hypotheses. Reject the factory model of venture; focus on capital efficiency and sound businesses. San Francisco | $500K – $3M | 83 | Leads | Mar 2026 · Active | ~2 wks | Open |
| 44 | ▶ Ground Up Ventures We're a different type of venture firm. We wake up every morning and ask ourselves how we can help our portfolio companies move the needle. From in-the-weeds to twenty thousand feet, we are partners at every level. We serve as an extension of founder headcount, sitting in portfolio company Slack channels, maintaining weekly calls, and proactively helping with hiring and customer introductions. New York | $250K – $1.5M | 49 | Follows | Feb 2026 · Active | ~2 wks | Req'd |
| 45 | ▶ Cofounders Capital We provide essential early-stage capital and hands-on, entrepreneur-to-entrepreneur support to B2B software ventures in the Southeast US, seeking to be the first institutional investor on the cap table. Cary, NC | $250K – $2.5M | 54 | Leads | Feb 2026 · Active | N/A | Open |
| 46 | ▶ Four Acres Capital We invest in ideas and people first, then help build products. We believe connections are power and leverage an extensive network to support founders. We are founder-focused and work as trusted partners at the earliest stages. New York | $250K – $2M | 64 | Leads | Nov 2025 · Active | ~2 wks | Req'd |
| 47 | ▶ Brick & Mortar Ventures Construction represents ~$11T in global economic activity with historically less than 1% IT spend. We back founders with deep AEC/Built World domain expertise building software and hardware that solves specific jobsite, design, and operations problems. San Francisco | $1M – $10M | 49 | Leads | Mar 2026 · Active | N/A | Req'd |
| 48 | ▶ Inertia Ventures Inertia invests in AI-native companies built to become core infrastructure for legacy industries, especially platforms operating in regulated, context-heavy, and physical-world workflows where durable data, compliance, audit trails, or embodied operations create compounding advantages. New York | $2M – $15M | 74 | Leads | Oct 2025 · Active | ~2 wks | Req'd |
| 49 | ▶ Adapt Ventures Back electric founders with an uncontrollable passion for creating disruptive companies. Invest globally, particularly strong in US and Latin America. Combine capital with operational support through venture studio model, helping build groundbreaking companies from inception through scale. New York | $250K – $350K | 66 | Both | Mar 2026 · Active | ~2 wks | Open |
| 50 | ▶ Burst Capital Helpful investors in marketplace and SaaS businesses founded by operators who grew Yelp from zero to $1B revenue through IPO Palo Alto | $500K – $5M | 105 | Leads | Mar 2026 · Active | ~2 wks | N/A |
| 51 | ▶ Magma Partners Magma Partners backs the best founders solving Latin America's biggest problems with scalable technology businesses. The firm wants companies that can expand across large regional markets, not just niche local products. | $25K – $5M | 19 | Leads | Dec 2025 · Active | N/A | Open |
| 52 | ▶ Nascent Build, expand, and capture opportunity in open markets and permissionless technology by being deep, hands-on users of the crypto ecosystems Nascent backs, combining venture-style early investing with a liquid trading strategy. | $250K – $1M | 65 | N/A | Feb 2026 | N/A | N/A |
| 53 | ▶ Core Innovation Capital The greatest returns come from the most overlooked markets where businesses outperform because they create value. We invest in early-stage technology companies that unlock wealth and health for the mass market — in massively regulated, operationally complex sectors that are broken and overdue for reinvention: financial services, healthcare, real estate, insurance, and work. Los Angeles | $1M – $5M | 66 | Leads | Dec 2025 · Active | ~1 mo | Req'd |
| 54 | ▶ Shrug Capital Identifying culturally resonant, consumer-focused companies with differentiated products and founder teams that will capture global attention. We invest across technology, consumer behavior, entertainment, and culture—seeking to spot emerging trends before they reach mainstream awareness. We operate as a partnership combining rigorous deal selection with exceptional founder support, creative marketing, and deep understanding of consumer psychology. San Francisco | $500K – $2M | 114 | Both | Dec 2025 · Active | ~2 wks | Open |
| 55 | ▶ Serena Capital We back bold entrepreneurs who think big and are committed to becoming the next major tech players. We invest from pre-seed to series A with strong operational support, focusing on technology-driven solutions across AI, climate tech, fintech, SaaS, and impact-driven sectors. | $100K – $15M | 115 | Leads | Dec 2025 · Active | ~2 wks | Open |
What other stages do these firms also invest in?
What other sectors do these firms also invest in?
F4 Fund tracks 55 VC firms that actively invest in real estate & proptech. Ranked by sector depth: the share of each firm's classified portfolio in this sector, its absolute count of investments here, and how recently it last invested. Firms need at least three portfolio companies in the sector to appear.
Based on F4's analysis, the median check size for real estate & proptech investors is $2.6M, with a full range from $25K – $60M. The distribution breaks down as: 2 firms in the <$500K range, 8 firms in the $500K-$1M range, 12 firms in the $1M-$2M range, 12 firms in the $2M-$5M range, 12 firms in the $5M-$10M range, 9 firms in the $10M+ range.
Among the 55 firms tracked, 95% lead or co-lead rounds, and 4% typically follow. Founders seeking a lead investor should filter for firms marked "Leads" or "Both" in the rankings table above. Lead investors typically set deal terms and anchor the round.
The best real estate & proptech investors combine domain expertise with an active portfolio in the space. Among these firms, 27% prefer warm introductions, and the average firm has 83 portfolio companies. Look for firms whose check size matches your raise, whose stage preference aligns with yours, and who have a track record of supporting companies in your sector through multiple growth phases.
Firm profiles are continuously updated through F4's research pipeline, which combines LLM-powered web research, portfolio analysis, and transcript extraction. The ranking data refreshes every 12 hours. Editorial analysis is reviewed weekly. Individual firm profiles are re-researched on a 30-day cycle or when new information surfaces.
Investors on this page also frequently invest in these sectors