The following post highlights how Venture Scanner categorizes the Real Estate Technology startup landscape, and presents our Innovation Quadrant showing how those categories compare to one another. The data for this post is through May 2017.
The above sector map organizes the sector into 12 categories and shows a sampling of companies in each category.
Our Innovation Quadrant provides a snapshot of the average funding and average age for the different Real Estate Technology categories and how they compare with one another.
The definitions of the Real Estate Technology categories are as follows
Commercial Real Estate Search: Companies that help consumers/businesses find commercial real estate for rent and/or sale. Examples include shared working space search engines as well as traditional commercial real estate search engines.
Construction Management: Companies that help teams manage the construction of new buildings. Examples include construction visualizations tools, project management tools for construction teams, and platforms to manage blueprints.
Facility Management: Companies that focus on building efficiency and long term sustainability, from large structures to individual home units. Examples include quantifying the building (energy usage, water usage, etc.), making buildings more efficient, and building inspections.
Home Services: Companies that that support tenants in the management of their home. Examples include home services (such as cleaning), finding rental units, renovation management, postal services, and navigation.
Indoor Mapping: Companies that help create indoor models for the real estate industry. Examples include cameras that produce 3D renderings and visualization platforms that allow users to interact with floor plans.
IoT Home: Companies that provide Internet of Things (IoT) devices focused on the residential real estate segment. Solutions include home security, home automation, and energy management.
Life, Home, Property & Casualty Insurance: Companies that offer life, home, and property insurance, as well as other kinds of insurance such as disability and marriage insurance.
Long-Term Rentals/Sale Search: Companies that help consumers buy, rent, and sell a home/apartment for purchase or rent. This category includes companies that provide short-term rentals.
Portfolio Management: Companies that real estate investors use to make smarter investment decisions as well as platforms to make investments. Examples include listing data trackers, information on REITs, and real estate crowdfunding.
Property Management: Companies that help in the day-to-day operation of real estate rentals. Examples include tenant management, electronic payments of rent, and tools for landlords and tenants to communicate.
Real Estate Agent Tools: Companies that help real estate agents do their jobs, as well as technologies that effectively automate it. Examples include real estate specific CRMs, real estate agent review platforms, and marketing tools.
Short-Term Rental/Vacation Search: Companies that aid in the process of finding residences for short-term rentals or vacation rentals. Examples include platforms for individuals to list their personal properties as well as traditional vacation lodging search engines.
We are currently tracking 1,489 Real Estate Technology companies in 12 categories across 62 countries, with a total of $36 Billion in funding. Click here to learn more about the full Real Estate Technology market report.