This Week in Proptech - November 12, 2021
This week in a NAR Annual inspired weekly proptech, we analyzed venture capital investments in private residential real estate technology companies. Next week we will resume our normal analysis of venture capital investments in proptech.
NAR Annual is the largest real estate conference in North America. Organized by the National Association of REALTORS, the conference is a place where REALTORS® come together to share and explore key industry insights, advancements, and practical applications across the real estate industry.
In Q3 2021, $4.2 Billion was invested in residential real estate technology across 166 companies at a median funding amount of $7 million. The largest round of funding went to Homelight, a real estate platform where users can buy or sell homes, with a $363 Million Series D and Debt round. Other notable rounds include Ribbon, a New York-based homeownership company, with a $350 Million Series C, and Reali, a San Mateo-based homeownership company with a $250 Million Series B.
Residential RE Venture Index by CRETI
Notable Residential Rounds Q3 2021
HomeLight | USA | $363 Million | www.homelight.com
HomeLight is a real estate platform where users can buy or sell homes.Ribbon | USA | $350 Million | www.ribbonhome.com
Ribbon is a homeownership company created to make homeownership more achievable by giving homeowners the freedom to buy before they sell.Reali | USA | $250 Million |www.reali.com
Reali is a real estate and fintech company that is creating a one-stop-shop to make homeownership simple, affordable, and stress-free.Landis | USA | $165 Million | www.landis.com
Landis helps renters become homeowners.Pacaso | USA | $125 Million | www.pacaso.com
Pacaso is a proptech company that modernizes the generations-old practice of co-owning a second home.