You are using an older browser version. Please use a supported version for the best MSN experience.

See the pitch decks that buzzy real estate and construction tech startups used to raise millions from top VCs

Business Insider logo Business Insider 6/19/2021 anicoll@businessinsider.com (Alex Nicoll)
a group of people posing for the camera: Cove.tool cofounders (from left) Daniel Chopson, Sandeep Ahuja, and Patrick Chopson built a platform that drastically cuts down the amount of time it takes to analyze a building's energy efficiency. They raised $5.7 million. Cove.tool © cove.tool Cove.tool cofounders (from left) Daniel Chopson, Sandeep Ahuja, and Patrick Chopson built a platform that drastically cuts down the amount of time it takes to analyze a building's energy efficiency. They raised $5.7 million. Cove.tool
  • Proptech firms were already hot, but the pandemic lured more VCs to invest in them than ever before.
  • Real estate and construction tech tools became essential to many businesses once they went remote.
  • These pitch decks reveal how 16 different startups pitched their visions and products to investors.
  • See more stories on Insider's business page.

The real estate and construction industries are undergoing a major tech transformation, as startups touting everything from online home-buying to interactive office management software attract millions of dollars in venture funding.

While the property technology space, known as proptech, grew in size and dollars raised year over year, it has exploded during the pandemic. Stragglers who hadn't yet adopted digital workflows were forced to, and venture capitalists have been pouring money into the firms offering compelling new products in residential real estate, commercial real estate, construction tech, and short-term rentals and hospitality.

Insider has collected 16 pitch decks that the most successful firms have used to raise funding from VCs and private equity firms.

Check out the full collection below. And bookmark this page, because we will continue to update it with new pitch decks.

Residential real estate

a man standing in front of a window posing for the camera: Andrew Luong (left) and Justin Kasad, who raised $2.5 million for their single-family rental startup Doorvest. Doorvest © Doorvest Andrew Luong (left) and Justin Kasad, who raised $2.5 million for their single-family rental startup Doorvest. Doorvest

Residential real estate, more than any other segment of the market, has been on fire during the pandemic, with home prices and rents in almost every corner of the country skyrocketing. Venture investment into the tech that powers the industry - and helps take it online and streamline formerly tedious processes - has followed. Startups that help investors purchase and manage homes from afar, tools for residential brokers and leasing agents, and digital closing companies that digitize paper-heavy real estate transactions have all raised impressive sums.

Commercial real estate

a man standing in front of a window: Nick Gayeski, cofounder and CEO of Clockwork Analytics, which raised $8 million for its platform that monitors building ventilation. Clockwork Analytics © Clockwork Analytics Nick Gayeski, cofounder and CEO of Clockwork Analytics, which raised $8 million for its platform that monitors building ventilation. Clockwork Analytics

Even though COVID-19 has left many offices partially filled and retail stores vacant, startups that help companies make their spaces virus-safe - by, say, keeping track of social distancing or monitoring building ventilation - became extremely important. Firms that promised to reduce friction (and costs) in day-to-day operations by digitizing them also attracted venture investment.

Construction tech

a man wearing glasses and smiling at the camera: Mosaic cofounder and CEO Salman Ahmad works on ways to build homes faster and cheaper. He raised $14 million last year. Mosaic © Mosaic Mosaic cofounder and CEO Salman Ahmad works on ways to build homes faster and cheaper. He raised $14 million last year. Mosaic

The pandemic boosted traditional construction companies' interest in the high-tech corner of the sector. Startups that make digital tools to manage worksites from afar suddenly became indispensable, while the current housing shortage brought even more attention to companies that are developing ways to build faster and more cheaply.

Short-term rentals and hospitality

a man looking at the camera: Founder and CEO Roman Pedan raised $30 million for his short-term rental startup Kasa. Kasa © Kasa Founder and CEO Roman Pedan raised $30 million for his short-term rental startup Kasa. Kasa

Early in the pandemic, hospitality businesses stalled as travel halted across the globe. Once things opened back up, short-term rental companies with rural locations or a presence in smaller cities started to see the reservations - and funding - pour in. As a vaccinated travel boom looms, the tech-enabled companies rivaling Airbnb that enable flexible tourism, digital nomadism, and remote work are poised to benefit.

Read the original article on Business Insider

Video: Pittman Center sees leadership changes (WBIR-TV Knoxville)

AdChoices

More From Business Insider

Business Insider
Business Insider
AdChoices
image beaconimage beaconimage beacon