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28 - PropTech Global Trends 2021 Barometer
Focus on the US PropTech Industry
California: the financial heart of the American PropTech industry
In correspondence to the high density of PropTech companies in California, New York
and Texas, these three states have also raised the highest volume of investment funds.
While only a small number of investors have targeted PropTech companies from Utah,
this state nonetheless has one of the greatest ratios of large investors. See Figure 23
Figure 23: Distribution of Investors by State
1200
1105
1000
800
600
538
400
200
137
106
147
116 104
59 55 46 38 36 36 33 30 26 24 23 21 15 13 12 8 7 7 6 6 4 3 2 1 1 1 1 1 1
0
CA
NY
WA
TX
MA
CO
IL
GA
FL
OR
UT
DC
VA
PA
NC
MO
OH
TN
WI
CT
MD
MN
RI
ID
NE
MI
NJ
AZ
NH
SC
HI
IA
IN
KS
ME
NV
IoT Home and Home Services are the two categories with the highest number of
investors. This comes as no surprise as IoT Home is the category with the largest
number of US PropTech companies, and Home Services is third, just after Portfolio
Management. See Figure 24
Figure 24: Distribution of Number of Investors by Category
IoT Home
553
Home Services
473
Portfolio Management
371
Facility Management
304
Construction Management
Long-Term Rentals/Sale Search
Short-Term Rental/Vacation Search
242
268
259
Commercial Real Estate Search
Life, Home, Property & Casualty Insurance
189
179
Real Estate Agent Tools
Property Management
121
135
Indoor Mapping
72
0 100 200 300 400 500 600