Top 10 PropTech Startups in North America
We take a look at the top 10 PropTech Startups in North America. These startups are breaking new ground and helping to shape the future of our economy, culture, and technology. While there’s no doubt that some of these companies have been around for years, others are still very much in their infancy stages. But even still, they’re all worth keeping an eye on
1. Compass
THE WHAT?
- Founded by Ori Allon, Robert Reffkin, and Ugo Di Girolamo, on October 14 in 2012
- A real estate technology business called Compass provides an internet platform made specifically for renting, purchasing, and selling real estate assets
- The end-to-end platform of the business facilitates the full selling and buying process
- Over 22 regions in the United States, including Los Angeles, New York, Chicago, San Francisco, Seattle, Philadelphia, Washington, D.C., and many more, are served by Compass
- One of the original and top-performing PropTech startups in the US and around the world is this one
2. Zillow
THE WHAT?
- Founded by Lloyd Frink, Rich Barton and Spencer Rascoff, In 2005
- Most people believe that Zillow was the first startup to advertise the PropTech sector
- The business operates an online real estate marketplace where it offers and distributes pertinent information about homes, mortgages, and real estate
- In May 2014, 480 million houses were viewed on the company’s website, making it one of the most popular real estate companies in the United States
- The purpose of Zillow is to arm people with knowledge so they can make informed decisions about their homes, mortgages, and real estate
3. Opendoor
THE WHAT?
- Founded by Eric Wu, Ian Wong, JD Ross, and Keith Rabois, In 2014
- Opendoor runs an online real estate platform that speeds up the home buying and selling process
- The service enables both buyers and sellers to view available properties and instantly unlock them using the company’s app
- It assists sellers in receiving an offer without having to display or list their homes
- Users of their software can buy and sell homes in the most practical way imaginable
THE WHAT?
- Founded by Eric Wilson, Erik Bernhardsson, Shawn Low, Viral Shah and Vishal Garg, In 2016
- Better Mortgage is a real estate technology platform that offers a thorough homeownership journey and changes the way people buy and own homes by employing technology
- The business has been successful in democratizing the home financing ecosystem by dismantling time-consuming processes and replacing them with a digital one
- Better Mortgage offers instant mortgage rates in addition to a digital marketplace with affordable insurance quotes from a number of companies
- The business has so far made $7.9 billion in house loans and $1 billion in insurance
5. Nobul
THE WHAT?
- Networks powered by SaaS for professionals and real estate agents, Nobul was founded in 2017
- Enables users to request quotations from agents, select an agent, analyze transactions, maintain agent sales histories, verify reviews, browse properties, share listings, book tours, swap pictures, and more
- K2 & Associates Investment Management, and Canaccord Genuity Group are the investors of the company and they funded over $40 million
6. Unreserved
THE WHAT?
- A real estate online auction platform called Unreserved
- The business offers a platform for online real estate auction bidding that allows consumers to bid on homes and purchase them based on auction pricing
- According to the company’s website, they also claim to earn 1% of the auction fee for sellers
- Ryan OConnor, the investor and this company was founded in 2004
THE WHAT?
- Thisopenspace is an online community marketplace where users may list, find, and reserve special temporary venues for any event
- Using the site, you can reserve a retail space, a gallery, a venue for an event, or any pop-up shops
- Even making a payment using the platform is possible for users
- By supplying the essential details online, space providers can list their available spaces
- This company was established in 2012
8. Flat
THE WHAT?
- Flat’s residential properties sold online, founded in 2019
- The company is backed by Anthemis Group, 500 Global, ALLVP, and 20 more investors
- By maintaining its own inventory, the business makes it easier for people to buy and sell residential property
- Buyers can use the platform to see houses, arrange tours, and communicate with agents to submit purchase offers
- Sellers can manage real estate transactions and list their homes by registering
9. Homie
THE WHAT?
- Homie is a rental service for residential property available online, founded in 2015
- Property owners can post their residential properties on the platform with all the relevant details, including location, price, amenities, and more
- Real-time search and visit planning is available to users
- It has features like verified tenants and users, using filters to view the properties that match the preferences of users
10. Kocomo
THE WHAT?
- Kocomo is a company that offers an online marketplace for buying and selling jointly-owned residential properties
- This enables you to purchase, co-own, rent out, and sell your holiday property, split costs with other approved co-owners, and receive service and expert assistance, there are villas, bungalows, and penthouses available
- Founded in 2015, in Mexico City
DISCLOSURE:
None of these articles constitute financial advice. Articles are highly summarised to make it easy for the reader and save time, so please DYOR further before putting your hard-earned money into any product mentioned.
Please note that the tech industry evolves rapidly and the info in this article is correct at the time of publishing. As Heraclitus said, “Change is the only constant,” so if anything sounds old or off, please holler on the socials or comment here so everyone stays peeled.
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