The Most Promising PropTech Companies in Europe [2024]

Consisting of countries with diverse cultures and economies but sharing the same spirit of innovation, Europe is a hotbed of PropTech experimentation and enterprise.

According to Statista, more than $ 7 billion was raised in the last decade (2010 -2022) by the European PropTech industry. 300+ PropTech ventures were established in this period, catering to a $ 3 billion big real estate market. 

Summary

• More than $ 7 billion was invested in European PropTech companies between 2010 and 2022. 
• 300+ PropTech ventures catering to a $ 3 billion big European real estate market. 
• PropTech companies in Europe are providing cutting-edge data analytics and business intelligence support, online brokerage for buying, selling, and renting properties, comprehensive real estate management software, finance and accounting solutions, virtual data rooms, and retail and CRM solutions. 
• This exclusive list by PropTechBuzz media features Locatee, Ukio, Mashroom, Tower360, Plaace, Hammock, Welmo, Drooms, and Synergee.

Top Proptech Companies in Europe

1. Locatee

 

Founders: Thomas Kessler and Benedikt Koppel
Founding year: 2014
Headquarters: Zurich, Switzerland
Investors: Acquired by Tango for an undisclosed amount

Across the world, smart and responsive workspaces are the need of the hour. The Locatee platform uses data analytics to generate actionable insights on workplace optimization.

Using Locatee, property and real estate managers can make informed decisions regarding space utilization, energy efficiency, and occupancy across their portfolios. The platform is known to substantially improve employee satisfaction with their office surroundings. 

2. Ukio

 

Founders: Jeremy Fourteau and Stanley Fourteau
Founding year: 2020
Headquarters: Barcelona, Spain
Valuation: $75 million — $ 112 million
Revenue: $ 27 million (2023)
Investors: Felix Capital, Kreos Capital, Extension Fund, Breega, Heartcore Capital, and others

The Ukio platform provides both short-term and long-term apartment rentals in top cities across Europe. The Ukio catalog lists 1000+ artfully furnished properties that make residents feel at home.

Ukio’s hassle-free online reservation system and its zero hidden costs policy have made it a favorite among business and leisure travelers. 

3. Mashroom

 

Founders: Alexander Badalyan and Stepan Dobrovolskiy
Founding year: 2018
Headquarters: London, UK
Valuation: $17.5 million (as of 2023)
Investors: British Business Bank

Mashroom is a new-age renting and letting platform that leverages technology to improve owner–tenant relationships.  It combines the best tools and technologies to streamline the rental processes for both property owners and tenants on a single dashboard.  And the best part is that it’s completely free. 

4. Tower360

 

Founders: Chakra Banerjee and Julian Vogel
Founding year: 2016
Headquarters: Hamburg, Germany

Tower360 offers vertically integrated asset management software and technologies for commercial real estate enterprises. Their cloud-based central platform streamlines data and workflows to allow smoother collaboration across the portfolio. The platform’s big data-powered analytics helps Asset Managers and investors gain real-time insights critical to their businesses.  

5. Plaace

 

Founders: Peder Søholt, Snorre Myhre and Tobias Martinsen
Founding year: 2020
Headquarters: Oslo, Norway
Valuation: $ 960K (latest funding round)
Investors: RunwayFBU, OBOS, Blommenholm Industrier, and Innovation Norway

Plaace is a one-of-its-kind PropTech company that uses advanced data analytics to study urban patterns to help owners of commercial retail spaces make informed business decisions.

Using demographic trends, footfalls, and other relevant data around a strategic location and over a period of time, Plaace generates real-time insights that are valuable for brokers, tenants, and owners of commercial real estate properties like retail stores and shopping malls, and even urban planners.

6. Hammock

Founder: Manoj Varsani 
Founding year: 2019
Headquarters: London, England
Valuation: $ 8.48 million (total funding)
Investors: Aviva, Founders Factory, Fuel Ventures, Ascension Ventures, Force Over Mass Capital, and others

Hammock is a FinTech, PropTech start-up that specializes in accounting services for the real estate industry. Their flagship accounting software automates bookkeeping, generates property tax statements, and collates all your investment insights in one place. 

7. Welmo

 

Founders: Nicolas Gay, Charles Collas, and Jimmy Delage
Founding year: 2016
Headquarters: Paris, France
Valuation: $ 3 million (est. total funding)
Investors: Patrick Marcovici and others

Welmo is a niche online real estate agency that uses advanced analytics and algorithms to match buyers and sellers accurately. Welmo provides end-to-end tailored real estate services to its clients which include consultation, property valuation, promotion of property across 40 real estate portals, managing site visits, and finalizing the deal to its last detail. 

8. Drooms

 

Founders: Alexandre Grellier and Jan Hoffmeister
Founding year: 2001
Headquarters: Frankfurt, Germany
Investors: J.F. Muller & Sohn AG.

Drooms is a major player in the European virtual data room market. Their secure cloud-based solutions allow real estate, legal, and finance professionals to handle confidential data and manage due diligence documentation throughout the phases of a deal. 

9. Synergee

 

Founder: Laurent Dubernais 
Founding year: 2010
Headquarters: Colombes, France
Investors: Acquired by Everfield in 2023

Synergee is one of the pioneers of retail CRM solutions in Europe. Their cloud-based SaaS platform streamlines operations and management of vast retail chains or franchise networks. Their shop lifecycle management solution integrates multiple points of sales (PoS) like real estate management, purchasing, maintenance, finance etc. to maintain a single and consistent workflow. 

Conclusion

The European PropTech landscape is rife with technological innovations and business growth.

PropTech companies in Europe are providing data analytics and business intelligence support, online brokerage for buying, selling, and renting properties, comprehensive real estate management software, finance and accounting solutions, virtual data rooms, and retail and CRM solutions to the real estate industry.

These initiatives are unlocking millions of growth opportunities for property owners, agents, investors, and customers in sales, rentals, and management of both residential (including sales and rentals) and commercial (including office spaces and retail) properties. 

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