Israel is a small country compared to the giants taking the front stage of the world forum in building the proptech industry.
But that does not signify that it is any behind when it comes to innovation, financing, and, most importantly, being a part of the league.
The year 2021 witnessed the rapid growth of the proptech industry in Israel, from budding startups willing to take the leap of faith to achieve bigger goals to well-established companies expanding far beyond the horizons.
In 2023, the proptech industry emerged as the world’s biggest asset class due to its significant growth. As per the reports published by the Global News Wire, the proptech market will reach USD 86.5 billion within the next 10 years. This massive growth is fuelled by several proptech companies globally, among which Israeli companies play an active role.
This list comprises companies that are bracing themselves to put Israel in the front row of the global proptech industry.
Founders: Alexander Shamilov, Vladislav Alhasov
Founding Year: 2016
Headquarters: Rishon Lezion, Israel
OnMap is on a mission to simplify the real estate industry in Israel. It offers an innovative approach to those seeking to buy, rent, or sell properties across Israel. With thousands of updated listings, including offerings from private users and realtors, OnMap makes property search a cakewalk. The advanced filters available both on the website and the app refine the search, allowing users to get better results close to the type of property they are looking for. Additionally, a mortgage calculator is available on each property’s page. This helps the consumers calculate the mortgage easily without having to hop around. OnMap also provides other valuable resources, including tax information, budget estimations, and articles, to keep users informed about the industry and real estate transactions.
Founders: Arik Davidi
Founding Year: 2017
Headquarter: Tel Aviv, Israel
StructShare is recently turning the heads of investors with its growing popularity among the masses. It has become a go-to solution for specialty contractors, streamlining purchasing and material management. Using the app, consumers are able to save a lot on labor hours, eliminate manual errors, and maintain precise control over expenses. It offers useful features like tracking costs by project phase, which is quite beneficial, and helps keep track of all the past and upcoming expenditures. The company offers a comprehensive solution that connects all material operations within a single user-friendly app.
Founders: Avner Hatsek, Nadav Poplawski, Elior Ariel
Founding Year: 2016
Headquarter: Tel Aviv, Israel
UNIQAI Systems, based in Israel, offers an AI-driven planning and decision-making solution. It has revolutionized the speed and quality of the planning process across various sectors. Their AI-based software streamlines decision-making and risk analysis, thus reducing the planning time significantly and enhancing completion and project success rates. By creating a synergy between human expertise and AI capabilities, UNIQAI assists planners in making faster and more informed choices, ultimately saving time and money and increasing the success rate.
Founders: Yariv Omer
Founding Year: 2018
Headquarter: Ramat-Gan, Israel
Investments play a major role in the real estate industry. The money lending process, however, is quite cluttered, and it is difficult to access the right source. Reigo Investments is a pioneering technology firm that reshapes real estate investment with a primary goal of the hard money lending market. Their flagship innovation, the Vulnerability index, sets them apart from the crowd as the leading AI asset manager in the real estate debt market.
Founders: Offir Tenne
Founding Year: 2012
Headquarter: Tel Aviv, Israel
POC Systems is a proptech company that changes the way office spaces are managed. Users enjoy dynamic graphic visualization with their unique space management solutions, delivering a real-time view of space utilization. Additionally, their hot desk and meeting room booking app simplifies the transition to hybrid workplaces, allowing employees to book and share workspaces effortlessly.
Founders: Eitan Tsarfati
Founding Year: 2019
Headquarter: Tel Aviv, Israel
Swapp is revolutionizing the construction industry. Harnessing the power of AI, it can create and deliver precise architectural construction documents and BIM models. With more than 150 completed projects and more under process, the company boasts of saving 75% on costs and delivering three times faster the projects as compared to those following the traditional methods. With the help of automated document creation, Swapp boosts the firm’s profitability while reducing manual labor hours and project duration. This efficiency has significantly contributed to enabling growth despite high demands and critical challenges. Using Swapp, the architects can focus on creative designs rather than staying restricted due to tedious drafting.
Founders: Idan Wender, Itay Oren
Founding Year: 2017
Headquarter: Tel Aviv, Israel
Visitt is another cloud-based proptech company from Israel. But its operation and use case is different from the others. The software offered by the company provides an all-in-one solution for managing maintenance tasks, field worker activities, and service operations through a single dashboard. Renowned companies such as ISS, CSRE, and Sodexo rely on Visitt to enhance their services, ensure safety compliances, and optimize maintenance costs. The company boasts a user-friendly platform for field workers across a multitude of segments. It always ensures the owners get the services they are paying for.
Founders: Dan Zakai, Yotam Alroy
Founding Year: 2014
Headquarter: Tel Aviv, Israel
Mindspace is a company based in Israel committed to making people fall in love with workspaces. It believes that thriving employees lead to thriving businesses, and it is best achieved when the members experience an engaging workspace with personalized services. They ensure the members experience a dynamic community, a well-established professional network, and a calendar full of wellness, lifestyle, and professional development events. Creating a beautiful amalgamation of boutique design and services with the reliability of a global provider, Mindspace offers businesses the much-needed peace of mind to focus on core priorities. The company aims to provide an office environment that runs parallelly with their client’s aspirations, making every working day at Mindspace seem like an enriching experience.
Founders: Daniel Schwab
Founding Year: 2018
Headquarter: Modi’in-Maccabim-Re’ut
Brightmerge is a promising proptech company based in Israel. It offers a unique service where it offers a cloud platform to simulate and optimize business cases designed for electric vehicle fleet conversion and charging hub projects. The user-friendly design and usage of the software make it a popular choice among companies. The platform integrates AI-based Return-On-Investment (ROI) simulation to ensure accuracy and reliability of the results. This tool benefits financial managers, charging hub operators, fleet owners, and everyone in between. It helps simplify decision-making, cut capital costs, and maximize the ROI in dynamic energy markets.
Founders: Dave Liniger
Founding Year: 1996
Headquarter: Jerusalem, Israel
Remax is one of the oldest and most established proptech companies in Israel. Based in Jerusalem, the company comprises a group of experts who assist their customers in buying, renting, or selling properties. The company provides additional benefits for sellers by offering free home evaluation services, thus helping them better understand the price to quote. All the experts in their team area are licensed real estate agents with deep knowledge about the neighborhoods they are assisting. The company aims to provide services that allow its clientele to get the best price, whether buying, renting, or selling properties.
In recent times, the Israel tech center in Europe has been leading. In 2022, only Israel was successful in raising USD 420 million collectively through various old and new startups. The list here comprises all types of companies, from established ones to the fairly “new kids in town.” The constant innovations powered by AI have been the driving factor behind Israel’s proptech industry boom. So, if you are waiting for the big break in the propetch industry in Israel, it is right here! You can learn more about these companies on PropTechBuzz.
By Proptechbuzz
By Ravi Kumar