Key takeaways
- Top pick: Bilt. Bilt launched Bilt Card 2.0 in January 2026, a set of three cards that extends points to mortgage payments for the first time.
- Also near the top: EliseAI, best for: Apartment operators automating leasing and resident service; and Hostaway, best for: Vacation rental property managers.
- Free to start: Bilt and Crexi.
- How it was ranked: 10 startups compared. Each verdict is below.
Best Proptech Startups: Top 10 Ranked. Bilt ranks first, with a Lister Score of 97.2.
Bilt leads proptech startups globally, with the largest valuation for its rent and mortgage rewards platform.
EliseAI is the most proven AI for apartment operators,
Hostaway and
Guesty lead software for vacation rental managers, and
Juniper Square is the pick for real estate fund operations and investor reporting.
Best Proptech Startups in 2026, compared| RANK | ENTRY | BEST FOR | SCORE | FROM |
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| 1 |  BiltBilt launched Bilt Card 2.0 in January 2026, a set of three cards that extends points to mortgage payments for the first time. | Renters who want rewards on their biggest monthly bill | 97.2 | Free |
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| 2 |  EliseAIEliseAI says its platform powers one in six US apartments and reported $200 million in annual recurring revenue as of June 2026. | Apartment operators automating leasing and resident service | 96.0 | Custom |
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| 3 |  HostawayHostaway described itself as the first short-term rental software company valued at $1 billion after the General Atlantic investment. | Vacation rental property managers | 94.7 | – |
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| 4 |  GuestyGuesty says its software runs more than 500,000 properties across more than 100 countries. | Property managers and hosts | 93.5 | – |
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| 5 |  Juniper SquareJuniper Square says more than 2,300 private markets general partners use its platform. | fund operations teams | 92.2 | – |
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| 6 |  Built TechnologiesBuilt launched Draw Agent, an AI tool for the construction loan draw process, in November 2025, and U.S. Bank uses its platform for construction loan management. | Banks managing construction loan portfolios | 90.9 | Custom |
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| 7 |  QualiaQualia says more than 1 million title, escrow, mortgage and real estate professionals use its platform. | Title and escrow companies moving closings online | 89.6 | Custom |
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| 8 |  CrexiCrexi reported $815.6 billion in active for-sale listings by the end of November 2025, up 16.7% on the year before. | Commercial brokers and investors finding deals | 88.3 | Free to browse |
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| 9 |  ArrivedArrived reported more than $337 million in assets under management and over 945,000 registered investors as of February 2026. | Individuals who want rental property income without being a landlord | 87.0 | From $100 |
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| 10 |  PacasoPacaso offers homes in more than 75 destinations and reports total equity funding of more than $300 million. | Buyers who want a second home without full ownership costs | 85.7 | Priced per home |
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How to choose
Start from what you need it for. Where each entry fits best:
- Bilt (#1): Renters who want rewards on their biggest monthly bill
- EliseAI (#2): Apartment operators automating leasing and resident service
- Hostaway (#3): Vacation rental property managers
- Guesty (#4): Property managers and hosts
- Juniper Square (#5): fund operations teams
- Built Technologies (#6): Banks managing construction loan portfolios
- Qualia (#7): Title and escrow companies moving closings online
- Crexi (#8): Commercial brokers and investors finding deals
- Arrived (#9): Individuals who want rental property income without being a landlord
- Pacaso (#10): Buyers who want a second home without full ownership costs
Each entry's full verdict is below.
The ranking, in detail
01
Rewards and payments for rent and mortgages
Bilt, based in New York and launched in 2021, lets renters and homeowners earn points on rent and mortgage payments through its membership and credit cards, with a network of partner landlords. It raised $250 million at a $10.75 billion valuation in July 2025, co-led by General Catalyst and GID.
PROS- Free membership for renters
- Large network of partner landlords
CONS- Best value tied to its credit cards
- US only
- Best for
- Renters who want rewards on their biggest monthly bill
- Where it falls short
- It is restricted to users located within the United States.
- Pick something else if
- you live outside the US.
97.2
02
AI agents for apartment operators
EliseAI, founded in 2017 and based in New York, sells AI that handles leasing enquiries, maintenance requests, renewals and payments for apartment operators, and has expanded into healthcare. It raised $350 million at a $4 billion valuation in September 2026, led by Andreessen Horowitz and Bessemer Venture Partners.
PROS- Very wide adoption among US landlords
- Revenue has doubled for several years running
CONS- Mainly US focused
- Pricing not published
- Best for
- Apartment operators automating leasing and resident service
- Where it falls short
- Mainly US focused.
- Pick something else if
- you need international coverage or transparent pricing.
96.0
03
AI-powered vacation rental software for growing managers
Hostaway, based in Toronto, makes property management software for short-term and vacation rental managers, covering channel listings, bookings, guest messaging and operations. It raised $365 million led by General Atlantic in December 2024.
PROS- The product offers reliable direct API connections with major OTAs like Airbnb and vrbo.
- The product provides award-winning 24/7 phone support available around the clock.
- Best for
- Vacation rental property managers
94.7
04
AI-powered vacation rental software built for growth
Guesty, founded in 2013, makes property management software for short-term rentals, with AI agents for pricing, guest messaging, operations and finance. It raised a $130 million Series F led by KKR in 2024 and has raised about $410 million in total.
PROS- The product uses autonomous AI agents to execute operational tasks on behalf of users.
- Guesty connects to over sixty booking channels and allows tailored rate strategies for each.
- Best for
- Property managers and hosts
93.5
05
The fund operating system built for the agentic era
Juniper Square, founded in 2014 and based in San Francisco, sells software and fund administration for private real estate and other private markets firms, covering investor reporting, fundraising and accounting. It raised a $130 million Series D in June 2025 at a reported $1.1 billion valuation.
PROS- The product connects investor relationships, fundraising, and reporting on a single layer.
- The product offers headless access via MCP-compatible AI clients and developer APIs.
- Best for
- fund operations teams
- Where it falls short
- It targets private markets firms, excluding public market managers.
- Pick something else if
- you manage public market funds.
92.2
06
Construction lending and draw management software
Built, founded in 2015 and based in Nashville, makes software that banks and lenders use to manage construction loans, draws, inspections and payments. It raised a $125 million Series D led by TCV in September 2021 at a $1.5 billion valuation.
PROS- Used by large lenders, including U.S. Bank
- Covers the full construction loan process
CONS- Last disclosed funding round was some time ago
- Narrow lending focus
- Best for
- Banks managing construction loan portfolios
- Where it falls short
- Its narrow lending focus may not suit lenders needing broader capabilities.
- Pick something else if
- you need a platform with a wider lending scope.
90.9
07
Digital closing platform for title and escrow
Qualia, founded in 2015 and based in San Francisco, makes cloud software for real estate closings, including title and escrow production, a secure closing portal, wire fraud detection and an AI system for title work.
PROS- Covers the whole closing workflow
- Built-in wire fraud protection
CONS- US closing market only
- Funding details vary by source
- Best for
- Title and escrow companies moving closings online
- Where it falls short
- It serves only the US closing market.
- Pick something else if
- you operate outside the United States.
89.6
08
Commercial real estate marketplace and data
Crexi, founded in 2015 and based in Los Angeles, runs an online marketplace for buying, selling and leasing commercial property, with listing, auction and market data tools for brokers and investors.
PROS- Large volume of US commercial listings
- Data and auctions in one place
CONS- Advanced data tools cost extra
- US only
- Best for
- Commercial brokers and investors finding deals
- Where it falls short
- Advanced data tools cost extra.
88.3
09
Fractional investing in rental homes
Arrived, based in Seattle, lets people buy shares in single-family rental and vacation homes and, since late 2025, trade those shares on its own marketplace. It raised a $27 million Series B led by Neo in November 2025, with Bezos Expeditions among its backers.
PROS- Low minimum investment
- Shares can now be traded on its marketplace
CONS- Returns depend on rental markets
- Smaller funding than others here
- Best for
- Individuals who want rental property income without being a landlord
- Where it falls short
- Returns depend on rental markets.
- Pick something else if
- you need guaranteed returns regardless of market conditions.
87.0
10
Co-ownership of managed second homes
Pacaso, founded in 2020 and based in San Francisco, sells shares of one-eighth to one-half in luxury vacation homes, which it furnishes and manages for the co-owners.
PROS- Fully managed homes
- Owners can swap stays across homes
CONS- Restricted by some local planning rules
- High entry price for a share
- Best for
- Buyers who want a second home without full ownership costs
- Where it falls short
- The high entry price for a share may be prohibitive.
- Pick something else if
- you cannot afford the high entry price for a share.
85.7
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Frequently asked questions
What are the best Proptech Startups?
Bilt ranks first on Lister. Bilt, based in New York and launched in 2021, lets renters and homeowners earn points on rent and mortgage payments through its membership and credit cards, with a network of partner landlords. It raised $250 million at a $10.75 billion valuation in July 2025, co-led by General Catalyst and GID.
What are the top 10 Proptech Startups?
1. Bilt; 2. EliseAI; 3. Hostaway; 4. Guesty; 5. Juniper Square; 6. Built Technologies; 7. Qualia; 8. Crexi; 9. Arrived; 10. Pacaso.
Sources
Where we checked each company's facts, and when.
Some links on Lister are affiliate links. Rankings are not affected.
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