Bisnow: 11 Real Estate Tech Startups You Need To Pay Attention To

By Benjamin Mazzara on October 02, 2015.

With real estate apps, the Internet of Things, a number of growing innovations and impressive technologies, the commercial real industry is evolving at a Usian Bolt pace. On the tech side of things, startups are disrupting the industry, earning big bucks from angel investors. Here are 11 top money-raising real estate tech startups.

Fundrise HQ: Washington, DC

Total Funding: $40.99M

Most Recent Funding: $7M Series A in September 2014. Since then, the company has grown more than 1500%.

Founders: Ben Miller and Daniel Miller

What They Do: In 2010, Fundrise brought commercial real estate funding to the public for the first time online. Through crowdfunding, real estate companies can pool money quickly while allowing investors to get in on the action with a low cash commitment while offering solid returns. Since launching, the idea has taken off, leading to a wave of new companies getting in on the crowdfunding action. Angel investors are bullish on the platform, too: since launching, Fundrise has raised funds to the tune of $40M-plus.

VTS (View The Space) HQ: New York Total

Funding: $32M

Most Recent Funding: $21M Series B in July 2015

Founders: Nick Romito and Ryan Masiello

Where to see: VTS will be presenting at Bisnow's invite-only Ascent retreat as a leader on the Future of Real Estate. To be considered to attend the retreat, apply here.

What They Do: VTS streamlines the leasing process with HD video tours and shared analytics that can be easily shared and accessed. Available in 14 US markets, VTS's video is paired with its data to provide real-time portfolio statistics, allowing brokers and landlords to pre-qualify leads efficiently. It also gives you the option of looking at your entire portfolio and even uses the data to process the upcoming trends and analyze demand. This efficiency hasn't gone unnoticed in the investment community, either, as the company earned $21M in Series B funding over the summer.

Hightower HQ: New York Total

Funding: $21.66M

Most Recent Funding: Currently undisclosed amount in August 2015

Founders: Brandon Weber, Niall Smart and Donald DeSantis

What They Do: Hightower is a commercial leasing management platform that allows brokers and owners to better manage their leases by allowing them to collaborate with their teams, manage important files and update deals in real time on any WiFi device. For landlords, Hightower is a way to look at their portfolios and use processed data to make leasing decisions. Additionally, users can send all these data and analyses to their clients in a matter of seconds.

42Floors HQ: San Francisco

Total Funding: $17.4M

Most Recent Funding: $12M Series B in January 2013

Founders: Jason Freedman, James Bracy, John Bracy, Ben Ehmke, Alison Di Spaltro, Emily Spady, Tristin Himes, Patrick Leiser, Lily Rudolph and Ayla Koenig

What They Do: 42Floors simplifies the search for rental office space and commercial real estate listings with a variety of categories to search in each market. The hook here is that users can find the co-working spaces, office sublets or executive sublets their business needs without the hassle of searching through countless pages of listings.

Honest Buildings HQ: New York Total Funding: $17.25M

Most Recent Funding: $5M Series A in June 2013

Founders: James Roberts, Riggs Kubiak and Garrett Kubiak

Where to see: Honest Buildings will also be a leader at Bisnow's invite-only Ascent, where they will discuss the future of real estate. To be considered for Ascent, apply here.

What They Do: Honest Buildings is the only purpose-built platform for real estate management and construction teams to collaboratively track jobs, intelligently compare bids and generate portfolio-level insights.

CompStak HQ: New York

Total Funding:$14.39M

Most Recent Funding: $4.4M Series A in November 2014

Founders: Michael Mandel and Vadim Belobrovka

What They Do: Using a crowdsourced model, CompStak gathers real estate informaton that would be pretty much impossible to find—let alone—compile with your typical Google Search. Used by brokers, landlords, appraisers and researchers alike, CompStak's comprehensive database of commercial lease transaction comps is constantly being built with their points systems, where users can gain points for submitting comps, which they can then use to buy other comps. The database can also be sold to REITs, asset managers, banks, hedge funds, and other agencies and organizations—a business model that has been proven enticing enough for investors to back them with close to $15M.

Floored HQ: New York

Total Funding: $7.36M

Most Recent Funding: $5.26M

Founders: Dustin Byrne, Judy He and Dave Eisenberg

What They Do: Using 3D modeling and the Oculus Rift virtual reality headset, Floored builds fully explorable 3D models of various properties, which customers can use to develop, market and analyze their upcoming projects to investors. Everything from the furniture to the specific wall textures can be decided upon and modeled by the Floored team and clients, and then explored using the Oculus Rift. They've also recently debuted their Protofit program, where clients can create a floor plan for their office space. Everything from break rooms to meeting spaces can be added and adjusted with a simple and intuitive interface. Of course, these plans can be shared with the click of a button.

PivotDesk HQ: Boulder, CO

Total Funding: $6.63M

Most Recent Funding: $3.63M Series A in April 2014

Founder: David Mandell

What They Do: PivotDesk is like the Craigslist or Airbnb for office space. By hooking up your business with other businesses with excess, sharable space, PivotDesk eliminates the risk of a long-term lease and allows small, fledgling businesses to find co-working spaces. This gives these businesses the freedom of mind to grow thieir business rather than worry about all the money they're spending on an office they'll outgrow in a few months, anyway.

Rentlytics HQ: San Francisco

Total Funding: $6M

Most Recent Funding: $4M Seed in November 2014

Founders: Phil Plante and Justin Alanis

What They Do: Rentlytics offers a business intelligence solution to the multifamily real estate industry that unifies disparate enterprise data and enables users to intuitively analyze their entire portfolio through a single interface. Rentlytics' clients can simplify their workflows, optimize asset performance and capture more revenue. Launched in late 2014, Rentlytics is actively used by a range of leading institutional multifamily investors and managers.

KISI HQ: Brooklyn, NY

Total Funding: $1.5M

Most Recent Funding: $1.5M Venture in May 2015

Founders: Bernhard Mehl (right), Maximilian Schuetz (left) and Carl Pfeiffer

What They Do: KISI allows you to use your phone to lock and unlock your security systems. The program is designed for businesses, commercial, office and residential buildings and works with your existing infrastructure, so you won't need to tear the wires out of your walls to hook up a new system. Quick, convenient and functional, KISI works both on your desktop and with an app, and makes keys, and can be immediately updated if you lose your phone.

REscour HQ: Atlanta

Total Funding: $1.3M

Most Recent Funding: 1.3M Seed in March 2015

Founders: Jake Edens and Chris Lexmond

What They Do: Using proprietary market analysis based on massive data aggregation, REscour is a data platform and decision engine that can help you identify your next investment opportunities. Based on your portfolio and market preferences, the program creates custom, tailed recommendations in real time, giving you an advantage and allowing you to make decisions quickly and with all the information you need.

Regina Glick

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