PropTech Startup Valuation

Goals

To further substantiate the valuation of a PropTech startup company by completing a valuation analysis, including a review of comparables and their associated valuation multiples.

Early Findings

PropTech Multiples

Real Estate Industry Multiples

Comparable PropTechs

  • Although the initial information packet provided for goUrban did not include the referenced investor presentation/financial model, there appear to be several comparable PropTechs which may be worth further investigation:
    • Opendoor, which raised $300 million in 2019, facilitates home purchases/sales using DIY open houses and smartphone home tours.
    • Ohmyhome allows buyers to view homes virtually, see some in-person and later facilitates the purchase.
    • Qualia introduces a "simple, secure and delightful" online option for closing real estate deals.
    • Flip streamlines the subletting process by listing apartments for free, conducting background checks on prospective tenants, guaranteeing timely rent payments and preparing sublet agreements.
  • Notably, a parallel scan of our proprietary research database of over 1 million sources and were unable to find any specific research reports that address the stated goals of this research.

Proposed next steps:

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