10 Best Real Estate Startup funding 2024: What You Need to Know
You got the idea of starting your real estate startup, but you are confused by the difficulties of this field.
Being blank-minded, you are not sure about how to start and where to secure real estate startup funding for your idea.
Don’t worry, everyone passes through this stage.
But to solve this problem, we are going to discuss the top-funded real estate startups in 2024 and everything they did to achieve being called on the list of best real estate businesses.
From tackling common challenges to securing a desired investment, we’ll discuss every secret move they went for.
So, without wasting more time, let’s start this journey to get your real estate startup on the list of the best real estate businesses.
For a comprehensive guide to building your real estate business, visit our Real Estate Startup Complete Guide.
Best Funded Real Estate Startups in 2024
As we know, the real estate industry is among those sectors that are being shaped by creative strategies and technical advancements.
The following are the few top real estate startups that got easy real estate startup funding. They are now paving the way for an efficient and easy-to-manage business via various smart developments.
- SmartRent
- Location: It is located in Scottsdale, Arizona
- Founders Demetrios Barnes, Mitch Karren, and Lucas Haldeman are the names that started this brilliant idea.
- Founded Year: 2017
- Funding: it got the real estate startup funding of $256.5 Million
- Investors: Starwood Capital Group, Conversant Capital, Koch Investments Group
Property owners, managers, and builders can manage various processes using SmartRent, an advanced software solution.
From parking systems to facilitating property tours for residents, SmartRent is a perfect solution for managing rental properties and tenants.
2. Homeward
- Location: This startup is located in Austin, Texas
- Founders: Tim Heyl is the only known name behind this amazing idea.
- Founded Year: 2018
- Funding:$501 Million was secured as debt financing
- Investors: Norwest Venture Partners, Blackstone Group, Adams Street Partners
Homeward is a home-buying platform that allows buyers and agents to make cash offers, set the price of a house, and even schedule the moving date on the seller’s terms.
Its services also involve selling and purchasing property in both capacities in favor of the prospective buyers.
Homeward also enables buyers and sellers to set at the most competent bargain possible.
3. Snapdocs
- Location: It is located in San Francisco, California.
- Founders: Aaron King initiated this idea.
- Founded Year: 2012
- Funding: $253 Million was secured in series D real estate startup funding
- Investors: Tiger Global Management, Wellington Management, Sequoia Capital
Snapdocs’ eVault is particularly designed for the mortgage industry.
Title and escrow or even closings are all possible with Snapdocs through efficient mortgage technology that offers a full range of solutions.
4. EasyKnock
- Location: Located in New York, USA
- Founders Ben Black and Jarred Kessler bring this idea to reality.
- Founded: 2016
- Funding: $401.7 Million was acquired as C series real estate startup funding
- Investors: Mistral Equity Partners, Blumberg Capital, Alumni Ventures
The target audience of EasyKnock is renters who seek to purchase a house by using
company’s new rent-to-own model, which makes homeownership more accessible.
Unlike ordinary home equity loans, EasyKnock allows those who want to own a home soon to get some cash much more easily without worrying about their credit score or the dreaded debt-to-income ratios getting in their way.
5. Rhino
- Location: Situated in New York, USA
- Founders: Benjamin Lantos, Bryan Woods, Ankur Jain, Paraag Sarva
- Founded: 2017
- Funding: Secured real estate startup funding of $140.8 Million
- Investors: Lakehouse Ventures, ff Venture Capital, Tiger Global Management
Rhino is a real estate start-up positioning renters as powerful players. The platform introduced a security deposit alternative that delivers the deposit on an instalment basis, thus helping renters keep their money in their pockets and easing the moving-in process.
The Rhino platform allows Renters to make digital deposits, request their security deposit/renters insurance, and move towards getting lease guaranties if necessary.
6. HqO
- Location: Located in Boston, Massachusetts
- Founders: Chase Garbarino, Greg Gomer, Jared Stenquist, Kevin Mccarthy
- Founded: 2018
- Funding: Got a Series D funding of $156.9 Million
- Investors: Koch Industries, Insight Partners, Suffolk Capital
HqO is an operating system designed for property managers, owners, and landlords to improve the tenant experience for people renting office spaces.
Partner with required services, measure the efficiency of real estate agents and managers and provide a top-of-the-line experience all on one platform.
7. Own Up
- Location: Located in Boston, Massachusetts
- Founders: Mike Tassone, Brent Shields, Patrick Boyaggi
- Founded: 2016
- Funding: Acquired a Series C funding of $49.7 Million
- Investors: Link Ventures, Techstars, Brand Foundry Ventures
Why Own Up? Own Up is a platform for buyers to shop, compare, and get matched with the best lenders, making the process of purchasing a home out of their price range straightforward.
Shoppers who visit the Own Up site will find an opportunity to compare rates tailored to buying or refinancing homes.
In addition, users also get assistance from advisors during the various steps of this process.
8. Spruce Holdings
- Location: Situated in New York, USA
- Founders: Andrew Weisgall, Patrick Burns
- Founded: 2016
- Funding: Got Series C funding of $110.1 Million
- Investors: Bessemer Venture Partners, Scale Venture Partners, Gramercy Ventures
Spruce is a real estate platform that simplifies purchasing homes for every individual.
It takes on the role of a middleman for real estate businesses and assists in creating an efficient channel to make the whole process easy.
Spruce also lists related solutions for managing and closing transactions with efficient and professional title service providers nationwide.
9. VTS
- Location: It is located in New York, USA
- Founders Brandon Weber, Donald DeSantis, Karl Baum, Niall Smart, Nicholas Romito, and Ryan Masiello are the inventors of this startup.
- Founded: 2012
- Funding: Got a Series E real estate startup funding of $462.4 Million
- Investors: AmTrust Financial Services, CIBC Innovation Banking, Insight Partners
VTS is a commercial real estate customer relationship management tool which puts leasing, asset management and marketing on the internet.
It is efficient for both the owner and the tenant.
10. Simply Homes
- Location: It is ideally situated in Portland, Maine
- Founders: Don Murdoch, Brian Bagdasarian, Robert Kavanagh
- Founded: 2020
- Funding: Series A real estate startup funding of $24.5 Million
- Investors: Gutter Capital, Watchung Capital, Village Capital
Consequently, Simply Homes has developed a way of using machine learning to change the real estate market and offer people- particularly less fortunate financially, a chance to own a home.
Their home-selling solution helps homeowners sell their houses that may not be in the best condition and at the best price possible without having to pay for hidden charges.
If you’re starting out, check out our Step-by-Step Guide to Starting a Real Estate Business Without Money.
Tips to Get the Desired Real Estate Startup Funding
Do you want your business to be the best-funded real estate startup in 2024? It is fully possible if only there is proper planning and approach towards it.
Here are some tips to help you secure desired real estate startup funding and stand out from the crowd:
- Set a Clear Vision and Mission
Investors want to know what you are passionate about.
A clear vision and mission should be well defined meaning what exactly your startup wishes to accomplish and how it is going to accomplish it.
It also helps attract investors and, more importantly, keeps your workflow engrossed and pumped up.
- Bring it on with Technology.
Consider using technologies like AI, IoT and big data in your business model.
Show how these technical advancements can sort out the issues in the real estate market, like, improvising property management, prioritizing customer experiences, making smart investing strategies.
- Always Prefer Sustainability
The topic of sustainability is more relevant now than ever, and investors are willingly interested to pay for green products.
Emphasize your start-up company’s devotion to practising environmental conservation, especially considerate construction, power conservation, and sustainable development principles.
It does so, not only to appeal to investors, but also tap into a growing group consumer that is conscious about the environment.
- Create a Strong Team
Your team is your most effective tool. Hire a team of like-minded people interested in fulfilling the task and who will bring a variety of skills and backgrounds.
Having a good team capable of bringing your ideas into reality would make investors to invest in your startups.
- Build a Solid Business Plan
Every business should have a thorough and well-researched plan.
It should have all the major and minor components like market research, clear revenue model and realistic financial goals.
Show investors that you understand the market and have a stable plan for growth.
- Create Valuable Network
Having a valuable network is the key to getting potential investors.Attend industry events, join startup incubators, and connect with investors through social media.
Building strong relationships can open doors to targeted funding opportunities.
- Stay Consistent and Positive
Getting the funding for your startup can be a challenging and long-term process. Be consistent with a positive attitude, and don’t get discouraged by setbacks.
Remember, every NO can bring you closer to YES
Explore the Top 5 Mortgage Startup Companies shaping the industry today.
Final Thoughts
Recently, real estate startups are changing the traditional ways in the field!
Whether it is organizing property information or buying and selling in commercial areas, they are transforming the way of doing it.
There are many latest startups that are launched each year, so do not underestimate the possibilities in the real estate market.
The trend of identifying and ranking the most promising real estate startups will only continue growing and strengthening.
See the leaders in commercial real estate innovation in our Best Commercial Real Estate Startups in 2024.
Stay tuned!
