The 10 largest PropTech companies in the world

The technology reached the real estate sector. After being classified as a traditional industry, in recent years, PropTech, digital real estate management, and marketing platforms have emerged and little by little they have become indispensable, especially during the pandemic.

Its new relevance has caused actors in the sector to look back at its evolution. In this sense, the ESCL Business School, as well as the Principality of Monaco, published their first annual barometer on the trends of these tools.

10 largest PropTech companies in the world

1. WE: $ 22.6 billion, dedicated to commercial real estate search The USA.

2. Airbnb: $ 4.4 billion, dedicated to short-term rentals, United States.

3. OYO: $ 3.2 billion, India.

4. Lianjia: $ 1.4 billion, dedicated to long-term rental and sales, China.

5. Ke.com: $ 1.2 Billion, Property Management, China.

6. Katerra: $ 1.2 Billion, Construction Administration, United States.

7. Ziroom: $ 1.1 billion, long-term income and sales, China.

8. Lendinvest: $ 1 billion, long-term income and sales, Great Britain.

9. WE China: One billion dollars, dedicated to the search for commercial real estate, China.

10. Huitongda: Billion Dollars, Home Services, China.

We Company, the company that manages collaborative workspaces like WeWork, is the largest PropTech in the world by far - it has raised six times more funding than the runner-up and nearly twice the entire top ten combined. However, not everything has been honey on flakes in its development.

In the world there are 1,724 registered PropTech companies in 64 cities, of which the majority (990) are located in the United States, followed by the United States and India. In Mexico and some Latin American countries such as Argentina, Chile, Colombia, and Brazil, they accumulate less than 1% of the business.

Regarding the segments, the category in which the most resources are invested in the search for commercial spaces, led by We Company. The financing boom began in 2014, when this platform, as well as Airbnb, attracted attention for its demand, the report indicates.

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