Wonder

Research Outline

Prepared for Jeffrey F. | Delivered July 22, 2020

Proptech VC Investors

Goals

To provide 10 of the biggest proptech VC investors that specifically invest in early-stage companies. The companies should be able to invest at least $5 to $10 million in a company.

Early Findings

According to TechCrunch, some of the biggest VC firms that invest in real estate and proptech include Menlo Ventures, Norwest Venture Partners, NFX, and Fifth Wall, among others. The list comprises a total of 20 leading VC firms that focus specifically on proptech start-ups. To determine which company would fit the list, we went through each company to determine whether they invest large sums of money into early-stage start-ups that focus on proptech. While all the companies in the list do focus on early-stage start-ups, some of the companies like MetaProp and Urban-X offer smaller initial investments accompanied with a 6-7 month-long course that help the start-ups polish their ideas and build their networks. Other companies like Menlo Ventures, Norwest Venture Partners, NFX, and Fifth Wall focus more on the injection of money into promising projects.
Menlo VenturesMenlo Ventures is a leading VC company based in Menlo Park, CA.  
While the company does not specifically focus exclusively on proptech start-ups, it has invested over $500 million into 12 proptech early and late-stage start-ups over the years.
The venture firm typically invests up to $20 million in their main fund but can invest up to $30 million for later stage opportunities.
NFXNFX is a VC firm that is based in San Francisco, CA. 
The organization focuses exclusively on seed and early A start-ups. They have also invested in several prominent proptech start-ups like Zeus and Lyric. 
NFX invests between $500,000 and $5 million in any given project.
Fifth WallFifth Wall is one of the largest venture capital firms that is specifically focused on investing in technologies for the global real estate industry. The company is situated in Los Angeles.
The company recently raised $503 million for its VC Fund II, attracting over 50 corporate strategic investors. The fund is specifically designed to help retail technology start-ups grow.
While Fifth Wall does not specifically mention the amount they invest in companies, we were able to find that they were the leading investor in Cobli's $10 million Series A round, which suggests that the VC firm is able to make large-sum investments into deserving start-up companies.