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Marketing strategy

PropTech companies to know, sorted by who signs the check

Most PropTech lists sort by funding, so we sorted the companies by who signs the check, which tells you who you compete with.

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PropTech companies to know, sorted by who signs the check

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Put a slide of three hundred PropTech logos in front of a founder, arranged by funding round, and ask which ones they compete with. The useful answer is usually a handful, and they are rarely the companies with the largest rounds. The companies that matter are the ones selling to the same person, at the same moment in a deal, out of the same budget line.

Most lists of PropTech companies are sorted by how much money they raised. That is useful if you are an investor and almost useless if you are a founder, because funding tells you nothing about who you compete with for a buyer's attention, budget and patience.

So we sorted the category the way a sales team sees it, by who signs the check. Agents, brokerages, investors and property managers each buy from a different set of real estate tech companies, and each group rewards a different kind of marketing.

PropTech companies sorted by buyer, agents, brokerages, investors and operators with example companies for each

What counts as a PropTech company?

A PropTech company builds technology for some part of the property lifecycle, from search and financing to leasing, operations and construction. If you want the longer definition, we covered it in what is PropTech. Here we care about the companies themselves and what their buyers expect from them.

Map of PropTech companies sorted by buyer, agents, brokerages, investors and owners, and property managers, with example companies in each group

PropTech companies that sell to agents

Agent tools win on speed and on the promise of one more listing.

  • Zillow is the name every agent knows, largely because its Premier Agent program sells buyer leads.
  • Follow Up Boss and Lofty are CRMs built around how agents and teams work their leads.
  • Matterport turned the 3D virtual tour into something buyers now expect on a listing.

The common thread is that agents adopt tools one at a time and talk about them constantly. A tool that saves an hour spreads through an office in a week, and a tool that adds a step on a Saturday gets dropped just as fast.

PropTech companies that sell to brokerages

Brokerage software is bought by a broker and used by everyone else.

  • Compass built its brokerage around its own agent platform.
  • SkySlope and dotloop handle transaction management and compliance.
  • BoldTrail from Inside Real Estate bundles CRM, websites and back office for brokerages.
  • Lone Wolf Technologies runs the accounting and transaction plumbing for many of them.

These deals take longer because the buyer has to sell the change internally. The winners show brokers that agents will use the tool without a revolt, ideally with a story from a brokerage of the same size in a similar market.

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PropTech companies that sell to investors and owners

Investors and asset managers buy data and visibility.

  • CoStar is the reference database for commercial property.
  • Yardi covers property management and investment accounting across many asset types.
  • VTS gives commercial landlords a leasing and asset management platform.
  • Juniper Square runs fund administration and investor portals for real estate sponsors.

This buyer wants numbers they can verify before they want a demo. Content that shows the math, from underwriting examples to portfolio reporting, does more than any product video.

PropTech companies that sell to property managers

Operators run on property management software, and the category leaders are household names inside the industry.

Operators have the longest sales cycles in PropTech because switching systems touches every resident and every staff member. The companies that win here usually offer a pilot on one property and lean hard on references from operators of the same portfolio size.

PropTech companies that sell to builders

Construction technology, often called ConTech, sits next to PropTech. Procore is the best-known construction management platform, and Autodesk Construction Cloud brings design and field data together for general contractors and owners.

How real estate tech companies win a crowded buyer

Spend a Tuesday with a brokerage operations lead and you will see the problem from their chair. Their inbox holds pitches from a showing tool, a transaction tool, a marketing tool and two CRMs, and each one promises to save agents time. The agents already have a login for everything and use about half of it. So the first question for any new vendor is what it replaces, and the second is how many agents will complain during the switch.

The PropTech companies that break through answer both questions before anyone asks. They show which existing tool goes away, they offer an import that moves the old data without a weekend of cleanup and they bring a reference from a brokerage of similar size. Real estate tech companies that lead with features end up on the long list in the operations lead's notes, while the ones that lead with the switch end up on the short one. If you are building a list of partners or competitors, sort it by who has solved that switching problem for your shared buyer, because that tells you more than any funding headline.

How to size up a PropTech company before you partner with it

If you are a brokerage choosing a vendor or a founder looking for an integration partner, the same four questions sort the serious companies from the noisy ones.

  1. Who exactly is the buyer, and can they name customers like you?
  2. How long does setup take, and what does the first month look like?
  3. Does the product connect to the systems you already run, such as your property management platform or CRM?
  4. Who answers the phone when something breaks during a busy weekend?

Real estate tech companies that answer those questions on their website, in plain sentences, tend to be the ones that last. The ones that answer with adjectives tend to be the ones that pivot.

Where real estate tech companies are heading

The lines between these four groups are blurring. Agent tools are adding brokerage features, property management platforms are adding AI leasing and payments, and data companies are moving into workflow. For marketers, that means positioning matters more every year, because buyers are comparing tools that used to sit in different categories. Our take on real estate technology trends goes further into which shifts buyers will pay for.

What the winners have in common in their marketing

Across all four buyers, the PropTech companies that grow fastest share three habits.

  • They pick one buyer and speak to them in that buyer's own language.
  • They collect named proof from customers who look like the next customer.
  • They make the first step small, such as a free agent account, a trial with a single team or a pilot on one building.

That is also why they show up when buyers ask ChatGPT which software to use. Clear positioning, review site profiles and comparison pages feed those answers, which we unpacked in how to get your software recommended by ChatGPT.

If you are building one of the next PropTech companies on this list, the hardest call is which buyer to chase first. Our PropTech go-to-market guide walks through it, and as a PropTech marketing agency we help founders make that call and then fill the calendar with demos from the buyer they picked.

“

The first call felt like talking to someone who already understood our business. We didn’t have to explain the basics. They showed up with questions that mattered.

James L.

Director of Growth, HR tech

Client

FAQ

Frequently asked questions

What are the biggest PropTech companies?

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Some of the largest and best-known PropTech companies are Zillow, CoStar, Yardi, AppFolio, RealPage, Compass and Procore. They cover home search, commercial data, property management, brokerage and construction.

What are examples of PropTech startups?

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PropTech startups build tools such as AI leasing assistants, smart access for apartments, investor portals and agent CRMs. EliseAI, SmartRent, Juniper Square and Lofty are examples of younger companies that grew inside the category.

Which PropTech companies sell to property managers?

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AppFolio, Buildium, Entrata, RealPage and Yardi sell property management software to operators, while SmartRent and EliseAI sell smart access and AI leasing tools on top of those systems.

What are the best PropTech companies to work with?

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The best PropTech company depends on who you are. Agents care about leads and time saved, brokerages about agent adoption, investors about data they can trust and operators about occupancy and a smooth switch.

What do successful PropTech companies have in common?

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They focus on one buyer first, collect named results from customers who look like the next one and make the first step small, such as a free account or a pilot on one property.

Leapyn frog mark for the Leapyn team, authors of the B2B marketing blog

Written by

The Leapyn team

Senior marketing team

Senior marketers who run strategy, creative and demand gen for B2B companies. We write about what’s working for our clients right now.

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