Top Venture Capital Firms in Proptech and Contech
Venture capital investment in proptech and contech reached $2.06 billion in Q1 2025 alone, which gives some sense of how seriously institutional money now takes the built environment as a technology opportunity. The firms in this directory range from early-stage generalists with proptech exposure to dedicated built-world funds that invest in nothing else, and the differences between them matter considerably when you are deciding who to approach.
The directory tool above this section lets you filter every firm Private Equity List tracks in this category by investment stage, check size, region, and industry focus. What follows is a closer look at eight of those firms, with enough context to help you understand what each one actually does, where they focus, and which founder situations they tend to suit best.
1. 2150
Of the dedicated proptech and contech funds on this page, 2150 is one of the few with a fully transatlantic mandate and a clearly articulated thesis around the physical world. Founded in 2019 and headquartered in London, the firm closed its second fund at €210 million in 2024, bringing total assets under management (AUM, meaning the total capital a firm manages on behalf of investors) to $503 million. Its portfolio companies collectively generate around $1 billion in annual revenue and employ roughly 4,500 people, which is a meaningful operational footprint for a fund of this vintage.
2150 invests across energy, industry, materials, and the built environment, with proptech and contech sitting alongside cleantech rather than being treated as a standalone vertical. The firm describes itself as stage agnostic, but its ticket sizes tell a more specific story: a first check of between €1 million and €7 million, with an average of €6 to €7 million, puts it firmly in the Series A and early growth range in practical terms.
Founders raising a seed round will find 2150 too late-stage for an initial check. The firm suits companies that have moved past early validation, are generating revenue, and are operating across Europe or North America in the built environment or adjacent industrial sectors.
2. A/O Proptech
A/O Proptech is one of the few funds in Europe built exclusively around property technology. Founded in 2019 by Gregory Dewerpe, the firm launched a €250 million fund in 2023 and describes its mandate as covering the entire "built world," a term that includes software, hardware, and services touching real estate construction and management. It invests from Series A through to later-stage growth rounds.
Its check size runs from a minimum of €1 million to a maximum of €15 million, with a stated sweet spot around €3 million. That sweet spot is a useful signal: it suggests the firm spends most of its time at early Series A, not at the larger growth checks its ceiling technically allows. Being stage agnostic within the A-to-growth range means A/O can follow its winners in subsequent rounds rather than being forced to pass once a company scales.
If your company is a European proptech at Series A or thereabouts, A/O is one of the most directly relevant funds in this directory. Pre-seed and seed-stage founders, or those building outside the built environment, are not the target.
3. 1984 Ventures
The name is a deliberate nod to the Orwell novel, and the firm's focus is narrower than many early-stage generalists: 1984 Ventures invests in software businesses at pre-seed and seed stage, with a particular emphasis on artificial intelligence and vertical AI applications. Founded in 2017 and based in San Francisco, the firm manages $200 million in AUM across multiple funds and is currently deploying from its third fund.
One portfolio company has reached a reported $1.4 billion valuation, which is a notable outcome for a fund with this kind of stage focus. Vertical AI, meaning AI tools built for a specific industry rather than general-purpose models, is an increasingly important category in proptech and contech, where sector-specific data sets and workflows create real defensibility.
For proptech founders building software with an AI component at pre-seed or seed stage, 1984 is worth putting on a shortlist. The firm is less obviously suited to hardware, infrastructure, or later-stage rounds.
4. 75 & Sunny
75 & Sunny is not a traditional VC fund. It operates as a startup studio and venture fund combined, meaning it both builds companies internally and invests in external ones. Founded in 2020 by Spencer Rascoff, the former CEO of Zillow, the firm has direct operating experience in residential real estate technology at scale, which is a different starting point from most generalist investors.
The firm invests in 20 to 30 startups per year, a high velocity relative to its size. In its first year, 75 & Sunny invested in 39 companies, 25 of which were based in Los Angeles. It has launched its own startups through a division called 75 & Sunny Labs, including dots.LA, a local tech media outlet, and Pacaso, a fractional home ownership platform.
The Rascoff connection gives 75 & Sunny genuine domain knowledge in residential proptech specifically. Founders in that space who are based in or open to Los Angeles, and who are raising at pre-seed or seed, are the natural fit. The firm's studio model also means it occasionally co-builds rather than just co-invests, so founders who want a strictly capital-only relationship should clarify expectations early.
5. AAF Management
Founded in 2016 and based in Washington, D.C., AAF Management has deployed $100 million across more than 140 venture-backed companies. That deal count is high for a firm managing approximately $250 million in total AUM, and it reflects a portfolio construction approach that spreads exposure across many bets rather than concentrating in a small number of larger positions.
The firm's fourth fund, called Axis Fund, closed at $55 million. It invests at pre-seed, seed, and Series A stages in technology companies broadly, with proptech and contech among the sectors it covers. The Washington, D.C. base is relevant: the Mid-Atlantic and East Coast startup ecosystem is underrepresented in many proptech firm directories that tilt heavily toward San Francisco or New York.
With more than 140 portfolio companies, AAF runs a diversified book. Founders who want a lead investor writing a large concentrated check may find this firm's model less aligned with that expectation. For founders seeking a steady, active seed or Series A investor with broad technology exposure and an East Coast presence, AAF is a practical option to consider.
6. 305 Ventures
305 Ventures is Miami-based, which is itself a distinguishing fact in a category dominated by San Francisco and New York funds. Founded in 2021 by Zaid Rahman, Joey Levy, and Michael Melikian, the firm focuses on pre-seed and seed stage investments in fintech, AI, and health tech, with proptech included in its broader mandate. PitchBook records 98 investments to date, a large number for a firm operating within a $10 to $50 million fund size range.
That deal volume relative to fund size suggests small check sizes and a high-tempo portfolio approach, consistent with a pre-seed focus where individual checks are typically modest. The Miami base reflects the firm's origins in the Southeast Florida startup community, though its investments are not limited to that geography.
Founders raising a pre-seed round in fintech or AI-adjacent proptech, particularly those with ties to the Miami ecosystem, are the clearest fit. The fund size range also means this is not the right firm to approach for a multi-million dollar Series A.
7. 2080 Ventures
2080 Ventures operates as a hybrid: it functions as a company formation vehicle, an accelerator, and an investment fund simultaneously. The founding team includes partners with backgrounds at Techstars and 500 Global, two of the better-known startup accelerators globally, and the firm has offices in Japan and South Korea alongside its primary operations. PitchBook records 42 investments to date.
Check sizes run from $100,000 to $500,000, placing 2080 at the very earliest end of the funding spectrum. That range suits pre-formation or pre-seed founders who need more than just capital, since the firm's accelerator and company-building infrastructure is part of what it offers. The Asia-Pacific office presence is worth noting for founders with a geographic interest in those markets.
The sourced facts on founding year are inconsistent across databases (one source notes 2014, others note 2022), so treat that detail with some caution. What is consistent is the firm's very early-stage positioning and its operational support model.
8. Abu Dhabi Investment Office
The Abu Dhabi Investment Office (ADIO) is a government-linked investment body based in the United Arab Emirates, which immediately distinguishes it from every other firm in this section. It participates at Series B stage and covers a wide range of sectors including biotechnology, fintech, and mobile applications, with proptech and contech among more than 45 industries tracked. Its mandate is partly economic development, not purely financial return, which affects how it evaluates deals.
The available facts on ADIO's fund size and specific check ranges in proptech are limited, so founders should use ADIO's profile in the directory above to confirm current parameters before investing time in an approach. What is clear is the geographic angle: for companies with Middle East market relevance or expansion plans in the Gulf region, ADIO is a structurally different kind of partner than a conventional VC fund.
Let's Recap
The firms in this section span a wide range of structures, stages, and geographies, and the differences between them are not cosmetic. At one end, 2080 Ventures and 305 Ventures are writing checks of $500,000 or less into companies that may still be forming. At the other end, A/O Proptech and 2150 are deploying multi-million euro tickets into companies with established revenue. That gap matters more than any other variable when you are deciding who to approach first.
The purely proptech-dedicated funds, primarily A/O Proptech and 2150, have the deepest sector expertise but the highest revenue and traction thresholds. The broader early-stage funds, including 1984 Ventures and AAF Management, cover proptech as part of a wider software or technology mandate. 75 & Sunny is the outlier in structure: it builds companies as well as invests, which creates different expectations on both sides of the table.
For practical targeting:
- Pre-seed or seed, AI-enabled proptech software: 1984 Ventures, AAF Management
- Very early stage, under $500K check, accelerator support wanted: 2080 Ventures, 305 Ventures
- Series A, European built environment focus: A/O Proptech, 2150
- Later-stage growth, transatlantic built environment or cleantech: 2150
- Residential proptech, Los Angeles proximity, studio-style partnership: 75 & Sunny
- Series B, Middle East market relevance: Abu Dhabi Investment Office
- East Coast U.S. base, seed or Series A, broad technology mandate: AAF Management
Confirm fit and current fund status using the filters above before reaching out to any firm.
Founders running a broader search can use Private Equity List's API and MCP tools to pull the complete list of proptech and contech firms by stage, check size, and region, then verify structure and backers for each.