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

CloudKitchens 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
HeadquartersLos Angeles, California, United States
Year Founded2016
FoundersDiego Berdakin, Sky Dayton, Travis Kalanick
Funding Amount$1.3B
Company SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsKing 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)
HeadquartersNew York, New York, United States
Year Founded2021
FoundersAnkur Jain, David Wyler
Funding Amount$813.3M
Company SizeMid-Size Team (51-250)
Last Funding StatusVenture Round
Top InvestorsEldridge 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)
HeadquartersBeijing, Beijing, China
Year Founded2011
FoundersLin Xiong
Funding Amount$2.1B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusPrivate Equity
Top InvestorsHSG, 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)
HeadquartersBeijing, Beijing, China
Year Founded2001
FoundersHui Zuo
Funding AmountCN¥9.5B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusSeries D
Top InvestorsTencent, 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)
HeadquartersSão Paulo, Sao Paulo, Brazil
Year Founded2012
FoundersAndre Penha, Gabriel Braga
Funding Amount$755.3M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusVenture Round
Top InvestorsGeneral 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
HeadquartersShanghai, Shanghai, China
Year Founded2017
Founders
Funding Amount$1.2B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusPrivate Equity
Top InvestorsGoldman 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
HeadquartersLehi, Utah, United States
Year Founded2003
FoundersDave Bateman, Johnny Hanna
Funding Amount$707M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusPrivate Equity
Top InvestorsDragoneer 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)
HeadquartersMiami, Florida, United States
Year Founded2022
FoundersAdam Neumann
Funding Amount$450M
Company SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsAndreessen 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)
HeadquartersSan Francisco, California, United States
Year Founded2017
FoundersEdward Wu, Guy Gal, Hilary Saunders
Funding Amount$263.5M
Company SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsSapphire 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)
HeadquartersSão Paulo, Sao Paulo, Brazil
Year Founded2018
FoundersFlorian Hagenbuch, Kristian Huber, Mate Pencz
Funding Amount$888M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusVenture Round
Top InvestorsAdvent 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.

Unicorn StartupCountryYear FoundedAmount RaisedValuation
Wanda E-Commerce logo Wanda E-CommerceChina2014CN¥6B$3B
EliseAI logo EliseAIUnited States2017$391.9M$2.2B
Qualia logo QualiaUnited States2015$160M$2.17B
Pacaso logo PacasoUnited States2020$1.7B$2B
Roofstock logo RoofstockUnited States2015$365.3M$2B
HomeLight logo HomeLightUnited States2012$762.5M$2B
Lessen logo LessenUnited States2019$735M$2B
Snapdocs logo SnapdocsUnited States2013$253M$2B
ZigBang logo ZigBangSouth Korea2010₩432.9B$2B
CAIS logo CAISUnited States2009$406M$1.1B
NoBroker logo NoBrokerIndia2014$379.9M$1B
Orchard logo OrchardUnited States2017$472M$1B
Rentberry logo RentberryUnited States2015$124M$1B
Habi logo HabiColombia2019$597.8M$1B
Place logo PlaceUnited States2019$100M$1B
Avenue One logo Avenue OneUnited States2020$100M$1B
BuildOps logo BuildOpsUnited States2018$225.8M$1B
Blueground logo BluegroundUnited States2013$301.5M$1B
IAD France logo IAD FranceFrance2008$300M$1B
Xiaozhu.com logo Xiaozhu.comChina2012$571.6M$1B
Revolution Precrafted logo Revolution PrecraftedPhilippines2015$15.4M$1B
Mofang Gongyu logo Mofang GongyuChina2010$650M$1B