The real estate technology sector features 32 unicorn startups operating worldwide. These companies are active in areas ranging from rental services to property management.
CloudKitchens, a provider of kitchens for delivery restaurants, has a valuation of $15B. Bilt Rewards, a platform for earning points on rent, reached an $11B valuation shortly after its 2021 founding.
Below is the full list of 32 Real Estate unicorn startups at this time.
Top 10 Most Valuable Real Estate Unicorns
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Get the Sheet for $50CloudKitchens builds and operates ghost kitchens, providing restaurants with the infrastructure needed for delivery-only service. This model allows food brands to expand their reach and launch in new neighborhoods without the overhead of a traditional storefront.
| Valuation | $15B |
| Headquarters | Los Angeles, California, United States |
| Year Founded | 2016 |
| Founders | Diego Berdakin, Sky Dayton, Travis Kalanick |
| Funding Amount | $1.3B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | King Street Capital Management, Marco Valta, Microsoft, Craft Ventures, Saudi Arabia's Public Investment Fund |
Bilt Rewards created a loyalty program that lets renters earn points on their monthly rent payments. Their platform turns one of the largest household expenses into a way to accumulate rewards for travel and other benefits.
| Valuation | $11B (Joined October 2022) |
| Headquarters | New York, New York, United States |
| Year Founded | 2021 |
| Founders | Ankur Jain, David Wyler |
| Funding Amount | $813.3M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Eldridge Industries, Wells Fargo, General Catalyst, Vanderbilt University, United Wholesale Mortgage |
Ziroom provides furnished, long-term apartment rentals and property management services through its online platform. Their model focuses on renovating and managing properties to offer standardized, high-quality living spaces for urban residents.
| Valuation | $7B (Joined January 2018) |
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2011 |
| Founders | Lin Xiong |
| Funding Amount | $2.1B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | HSG, SoftBank Vision Fund, Warburg Pincus, Tencent, General Atlantic |
Lianjia runs a major online-to-offline real estate platform in China. They are known for combining extensive property listings with a large network of agents to streamline transactions for homebuyers and renters.
| Valuation | $6B (Joined April 2016) |
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2001 |
| Founders | Hui Zuo |
| Funding Amount | CN¥9.5B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series D |
| Top Investors | Tencent, Matrix Partners China, Baidu, Hillhouse Investment, Source Code Capital |
QuintoAndar built an end-to-end platform that simplifies the residential rental market for both landlords and tenants. They manage the entire process, from listing and viewing properties to signing digital contracts and handling payments.
| Valuation | $5.1B (Joined September 2019) |
| Headquarters | São Paulo, Sao Paulo, Brazil |
| Year Founded | 2012 |
| Founders | Andre Penha, Gabriel Braga |
| Funding Amount | $755.3M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | General Atlantic, QED Investors, Tencent, Ribbit Capital, Social Capital |
WeWork China provides a network of shared workspaces and office services for businesses across the country. Their model focuses on offering companies flexible terms and a built-in professional community.
| Valuation | $5B |
| Headquarters | Shanghai, Shanghai, China |
| Year Founded | 2017 |
| Founders | — |
| Funding Amount | $1.2B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Goldman Sachs, Benchmark, JP Morgan Chase, Temasek Holdings, Wellington Management |
Entrata created an all-in-one operating system for property managers in the multifamily housing sector. The platform streamlines core functions like leasing, payments, and resident communications into a single tool.
| Valuation | $4B |
| Headquarters | Lehi, Utah, United States |
| Year Founded | 2003 |
| Founders | Dave Bateman, Johnny Hanna |
| Funding Amount | $707M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Dragoneer Investment Group, Jaws Ventures, Blackstone Group, Element Ventures, Silver Lake |
Flow is creating a new kind of residential living experience centered around community and convenience for renters. They operate a portfolio of branded properties that offer a consistent, service-oriented lifestyle.
| Valuation | $3B (Joined August 2022) |
| Headquarters | Miami, Florida, United States |
| Year Founded | 2022 |
| Founders | Adam Neumann |
| Funding Amount | $450M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Andreessen Horowitz |
Side offers a real estate brokerage platform that transforms high-performing agents into their own distinct businesses. They provide the backend technology and support, allowing agents to build and grow their own boutique brands.
| Valuation | $3B (Joined March 2021) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2017 |
| Founders | Edward Wu, Guy Gal, Hilary Saunders |
| Funding Amount | $263.5M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Sapphire Ventures, Coatue, Tiger Global Management, Inovia Capital, 8VC |
Loft operates a digital real estate marketplace in Brazil that simplifies buying, selling, and renting properties. Their platform integrates financial services like mortgage origination and rent guarantees to streamline the entire transaction process for users.
| Valuation | $3B (Joined January 2020) |
| Headquarters | São Paulo, Sao Paulo, Brazil |
| Year Founded | 2018 |
| Founders | Florian Hagenbuch, Kristian Huber, Mate Pencz |
| Funding Amount | $888M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Advent International, Andreessen Horowitz, Canary, Endeavor Catalyst, QED Investors |
The Remaining 22 Real Estate Unicorns
The ten most valuable companies only scratch the surface of the industry's growth. While the United States is home to a majority of these businesses, founders from China to Colombia are also creating billion-dollar firms. Some are newer to the scene while others have been scaling for years. Here is a look at the other companies changing how we buy, sell, and manage property.