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Austin is one of the best large metropolitan areas in the U.S. to live and work in. The city's vibrant culture and thriving economy attract thousands of young professionals from all over the world. The city’s flourishing tech and real estate sectors have given rise to unmatched PropTech innovations over the years.
Summary
• Austin, Texas has a thriving techology and real estate sector making it a leader in PropTech innovations.
• Austin PropTech companies are offering technologies for online marketplaces, secure real estate transactions, real estate investments, marketing services, financing options, storage rentals, rental property management and more.
• This exclusive list by PropTechBuzz Media features Qualia, Avenue One, Luxury Presence, Hometap, Neighbor, DoorLoop, Kiavi (formerly LendingHome), Digible, Kasa, Rex, Closinglock, and Side.
Founders: Joel Gottsegen, Lucas Hansen, and Nate Baker Founding year: 2015 Headquarters: San Francisco, CA with offices in Austin, TX, and Superior, CO Valuation: $ 1 billion Revenue: $ 85.7 million per year (estimated) Investors: Tiger Global, 8VC, Menlo Ventures and others
The cloud-based Qualia platform makes real estate transactions simple and safe for users. Qualia taps into the need for highly secured online transactions in the real estate industry. In just a few years, the company has freed millions of property and mortgage professionals, title and escrow agents, and buyers and sellers from the complex processes involving confusing paperwork and physical meetings. Its unified digital closing platform is made up of products like Core (title and escrow software), Connect (secure closing portal), Atlas (enterprise closing system), Shield (wire fraud detection), Assure (title insurer platform), and RON (remote online notarization), etc. Qualia systems are flexible, scalable, and can be easily integrated into your existing workflows.
Luxury Presence is a marketing services platform that deploys and drives high-performance real estate marketing campaigns. The PropTech start-up offers stunning website designs and end-to-end marketing solutions to real estate teams and brokerages. Apart from crafting targeted digital marketing strategies for clients, the company boasts of its exclusive real estate networking app, AI-powered search integration tools, a growing home search database, and an AI-powered mobile app for realtors (under testing).
Founders: Jeffrey Glass, Andrew Vassallo, Charlie Vrettos, and Maxwell Campion Founding year: 2017 Headquarters: Boston, Massachusetts Valuation: $ 980 million —1.5 billion Revenue: $ 1 billion – 2 billion (estimated) Investors: American Family Ventures, Bain Capital, Iconiq Capital, General Catalyst, G20 Ventures and others
Hometap is a FinTech, PropTech start-up that offers debt-free funds to homeowners in exchange for a percentage of the home’s future value. Hometap has already provided more than $ 1 billion to homeowners through their home equity investment (HEI) products. Apart from helping customers secure their financial goals, the company also helps them make informed decisions and maximize the value of their home equity through their Home Equity Dashboard.
Neighbor reinvents the self-storage industry through its online platform. The platform connects people searching for storage spaces to homeowners offering a part of their property for storage rentals. The Proptech start-up has quickly expanded across the U.S. and its revenue is growing at an impressive "5x" every year. Neighbor's data-centric algorithms are designed to suggest optimum rents that are affordable to renters and profitable for hosts.
Founders: David Bitton and Ori Tamuz Founding year: 2019 Headquarters: Miami, Florida Valuation: Total funds of $ 30 million Investors: Alpine Software Group (ASG)
You can manage all your properties on a single platform with DoorLoop. The rental property management software is said to have been built by property managers themselves. Used by thousands of property managers, owners, and investors across 100 countries, DoorLoop can automate property listings, complete documentation, track and collect rent, monitor financial accounts, streamline operations, and even market your rental properties.
Kiavi (formerly LendingHome) provides easy financing options to real estate investors who want to scale up their businesses. The Kiavi online lending platform blends the best of AI and data analytics to ensure a smooth and safe experience for REIs. The company specializes in fix and flip loans (or bridge loans) which help REIs buy older properties and upgrade them with modern amenities to resell.
Founders: Reid Wicoff and David StaleyFounding year: 2017 Headquarters: Englewood, Colorado Valuation: Total funds of $ 250,000 Revenue: $1 million in ARR (annual recurring revenue) Investors: Axiom Multifamily Realty Advisors, LLC
Digible ushers in a new wave of digital marketing solutions to the multifamily and senior and student housing sector. Digible marketing services include organic and paid media, advanced data analytics, and websites tuned to the needs of multifamily real estate. The company is heavily invested in developing tech products like Fiona, their AI-powered marketing platform which offers features like Budget Planner, Fair Housing Tool, and Google Business Profile (GBP) automation to the multifamily housing industry.
Founder: Roman Pedan Founding year: 2016 Headquarters: New York Valuation: Total funding of $ 120 million Revenue: $ 30 million (estimated) Investors: Citi Ventures, FirstMark Capital, New York Life Ventures, Fireside Investments, RET Ventures, Zigg Capital and Ribbit Capital
Kasa is a short-term rental platform that allows property owners to host business and leisure travelers in multifamily apartments, single-family units, and hotel properties. Kasa guests enjoy fully digitized bookings, check-ins, and check-outs with its Virtual Front Desk. Kasa's tech offerings include data-controlled pricing tools for revenue managers and an AI-driven telephony system that reduces response times to customer queries by 43%.
Founder: Peter Rex Founding year: 2018 Headquarters: Austin, Texas
Rex has launched 10 tech initiatives that promise to redefine the future of real estate. Their initiatives are geared towards small businesses, property managers, and vendors currently underserved by tech. Rex’s products leverage AI and ML technologies and cover a vast array of real estate services including insurance, payment solutions, data intelligence, virtual assistant, workflow management, vendor compliance, and fractional real estate investments.
Founders: Andy White and Abigail White Founding year: 2017 Headquarters: Austin, Texas Valuation: Total funding of $ 16 million Investors: LiveOak Venture Partners, RWT Horizons and GTMfund
Closinglock is a security solutions start-up that has helped protect more than $ 250 billion worth of real estate transactions in the U.S. To prevent wire fraud and seller impersonation, Closinglock provides a secure platform to share information. Using its advanced AES encryption, different stakeholders including buyers, sellers, brokers, settlement companies, and law firms can exchange sensitive information like wire instructions, documents, and signatures safely.
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