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The global real estate industry is expected to reach $729.4 trillion by 2028, making it one of the largest industries in the world in terms of total financial value.
From a business perspective, this means there is huge potential for real estate startups and companies, and it's likely to continue to grow as the city continues to expand.
We've rounded up some of the best real estate startups to watch in 2024 and beyond.
1. Evernest
Five-year search growth rate: 7,900%
Search growth status: Average
Established in: 2019
Location: Hamburg, Germany
Funding: $20.5 million (convertible notes)
What they do: Evernest is a real estate operating system that makes buying property easy. Its data-driven services platform provides a customized and transparent property buying experience. The company also partners with other European property listing companies to provide customers with real-time property updates. In January 2022, Evernest raised $13 million in a Series A funding round led by Apic Investments.
2. Service Titan
Five-year search growth rate: 149%
Search growth: explosive
Founded in: 2007
Location: Glendale, California
Funding: $1.5 billion (Series H)
What they do: ServiceTitan is a real estate services company that provides property management services to residential and commercial clients. The platform offers one of the largest repositories of contractors for plumbing, electrical, HVAC, and other property systems.
The company's software provides a centralized system for accounting, sales, marketing, payroll and a variety of other business functions. ServiceTitan, which has more than 11,800 customers, is planning an IPO in 2024 at a valuation of $9.5 billion.
3. No Broker
Five-year search growth rate: 265%
Search growth: explosive
Founded in: 2013
Location: Bangalore, India
Funding: $430.9 million (Series E)
What they do: NoBroker helps users find, buy, and sell properties without a broker. The platform directly connects buyers and sellers and enables real estate transactions between them. The company offers free listings and allows users to add enough information to reduce the need for visits. It also helps create rental agreements and automates paperwork. NoBroker recently raised $210 million in Series E funding through Tiger Global and General Atlantic.
4. Fundrise
Five-year search growth rate: -64%
Search growth: peak
Established: 2010
Location: Washington DC
Funding: $355.5 million (corporate round)
What they do: Fundrise is an alternative investment company that offers low-cost investment opportunities in the real estate industry. Clients become their own investors, reducing Fundrise's reliance on outside capital. The startup allows investors to track their portfolio in real time as properties are operated, sold, and improved.
5. Locusts
Five-year search growth rate: 1,011%
Search growth: explosive
Established: 2017
Location: Hudson, Ohio
Funding: $7.7 million (Series B)
What they do: Innago is a cloud-based property management platform that's free for property managers and tenants to use. Instead, the startup makes money through optional add-on services like online rent payment processing and tenant screening.
Innago was named to G2's Best Software of 2023 list and ranked as the 56th fastest growing software company in the world.
6. Blue Ground
Five-year search growth rate: 200%
Search growth: explosive
Founded in: 2013
Location: New York, New York
Funding: $256.7 million (Series C)
What they do: Blueground is an online rental marketplace with furnished apartments in major cities around the world. Currently, the platform offers over 15,000 apartments in 32 cities worldwide. In 2023, Blueground acquired Nestpick, adding over 18,000 units to its partner network.
7. Bridget
Five-year search growth rate: 20%
Search growth: peak
Established: 2014
Location: Kitchener, Canada
Funding: $41.9 million (series unknown)
What they do: Bridgit is a resource and workforce management tool that aids in real estate planning and construction. Its goal is to make construction more efficient by optimizing resource flow and workflow management. Users can see, prioritize, and manage roles across different projects in real time. In October 2021, Bridgit raised $19.4 million in Series B funding led by Storm Ventures and Camber Creek.
8. Door Loop
Five-year search growth rate: 669%
Search growth: explosive
Established: 2018
Location: Miami, Florida
Funding: $30 million (Series A)
What they do: DoorLoop is a property management platform for residential and commercial property owners. The software includes features such as managing rental portfolios, processing rental applications, running background checks, tracking payments, accounting, document management, and maintenance requests. In December 2023, DoorLoop announced a $20 million Series A funding round to continue expanding and hiring.
9. Fly Homes
Five-year search growth rate: 3%
Search growth status: Average
Established: 2016
Location: Seattle, Washington
Funding: $310 million (Series C)
What they do: Flyhomes is an online real estate brokerage that helps people through the entire home buying process. According to Forbes, Flyhomes is valued at over $800 million.
10. Get Agent
Five-year search growth rate: 52%
Search growth: explosive
Established: 2014
Location: London, UK
Funding: $3.1 million (Series A)
What they do: GetAgent is an online comparison site that helps users find real estate agents to manage their properties. Users can cross-reference agents based on their track record to see if they can manage their property. During the process, users compare agents, schedule appraisals, choose an agent, and monitor listings. According to GetAgent's website, the company has helped more than 200,000 homeowners sell their properties.
11. Cabo
Five-year search growth rate: 500%
Search growth: explosive
Established in: 2021
Location: Bogota, Colombia
Funding: $8 million (Seed)
What they do: Cubbo is a technology company that fulfills e-commerce orders and repurposes real estate assets for D2C companies. The company offers storage, packaging, and shipping solutions that help manage distressed real estate assets. But what sets them apart in the real estate industry is that they repurpose distressed assets, like abandoned shopping malls, into fulfillment centers.
In 2022, Cubbo raised $4 million in seed funding to further improve its shipping and fulfillment services in Latin America.
12. Morty
Five-year search growth rate: 1,650%
Search growth: peak
Founded in: 2015
Location: New York, New York
Funding: $36.5 million (Series B)
What they do: Morty, a mortgage marketplace, helps users find and set up the right mortgage plan online. It assists users by customizing loan options based on their needs. The startup aims to provide a streamlined process through features like quick pre-approval and fast settlement. Currently, Morty has a 4.7 rating on Trustpilot.
13. Easy Knock
Five-year search growth rate: 36%
Search growth status: Average
Established: 2016
Location: New York, New York
Funding: $429.7 million (Series D)
What they do: EasyKnock is an alternative home equity solution that allows customers to turn their equity into cash. Through the platform's sale-leaseback program, users can sell their home to the company while remaining renters. The startup offers three plans (Sell & Stay, MoveAbility, and ReLease) that allow homeowners to sell their home and continue to live in it.
In February 2024, EasyKnock raised $28 million in Series D funding to continue developing its platform while adding new products.
14. Republic
Five-year search growth rate: 161%
Search growth status: Average
Established: 2016
Location: New York, New York
Funding: $214 million (Series B)
What they do: Republic is a real estate investment platform that vets, collects, and presents investment-ready properties to clients. The website allows users to browse dozens of deals and provides details about each project, including the number of investors and total capital. The startup also allows users to apply for funding of up to $5 million from private investors. In 2020, Republic acquired its previous company, Compound, and changed its name to Republic Real Estate.
15. Habit
Five-year search growth rate: 99x+
Search growth: explosive
Established: 2017
Location: Berlin, Germany
Funding: $92 million (Series C)
What they do: Habyt is an online short- and long-term rental platform offering shared or private living spaces in major cities across Europe, Asia, and North America. Today, the platform has more than 30,000 units in 50 cities around the world, up from just 5,000 units in 18 cities a year ago.
16. Avenue 8
Five-year search growth rate: -4%
Search growth status: Average
Established: 2020
Location: San Francisco, California
Funding: $18 million (Series A)
What they do: Avenue 8 is a mobile-first real estate brokerage that helps users find homes online. The company offers a streamlined digital platform for agents, buyers, and sellers. Users have access to a range of tools that help automate redundant tasks in the homebuying process. In May 2021, Avenue 8 raised $14 million in a Series A round to expand into new markets.
17. Zumper
Five-year search growth rate: -61%
Search growth: peak
Established: 2012
Location: San Francisco, California
Funding: $180.2 million (Series D)
What they do: Zumper is an online platform where users can find rental properties such as apartments, condos, houses, and rooms. The company's goal is to make renting as easy as booking a hotel room. Users can upload their requirements and are notified as soon as a property becomes available. During the pandemic, Zumper introduced “InstaRent” to facilitate and streamline remote property leasing.
18. Atmos
Five-year search growth rate: 4%
Search growth status: Average
Established: 2018
Location: San Francisco, California
Funding: $18.7 million (Series A)
What they do: Atmos is a digital platform that allows users to design and build custom homes. Users can browse and buy land or existing homes online, customize their home and start construction. The startup also supports financing options for homebuyers. During the construction phase, users are assigned a project manager who provides regular updates. The company's goal is to make homebuilding a one-click process.
19. Rent Spree
Five-year search growth rate: 525%
Search growth: explosive
Established: 2016
Location: Los Angeles, California
Funding: $27.7 million (Series B)
What they do: RentSpree is a real estate technology company that provides tenant screening and rental application services to landlords and property managers. Their platform allows tenants to submit comprehensive background information and credit reports, streamlining the rental process for both tenants and property owners.
20. Ajibo
Five-year search growth rate: 99x+
Search growth: explosive
Established in: 2019
Location: Redwood City, California
Funding: $19 million (Series A)
What they do: Azibo, a platform for landlords, provides users with real-time financial services and property information. The company offers a range of financial tools for insurance, banking, rent collection, loans, and other operations. The startup's goal is to help streamline rent collection, make security deposits easier, increase access to loans, and provide affordable property insurance.
Conclusion
This concludes our list of top real estate startups to watch in 2024.
Despite uncertainty in the global economy, the real estate market is expected to maintain its current strong growth trajectory, and will continue to do so as new technologies and tools come on board, creating new investment avenues, platforms that make home buying and ownership easier, and overall improved accessibility for those looking to invest in real estate.