MetaProp
UnclaimedAt a Glance
- Check Size
- $100K – $1M
- Stage
- Seed, Series A
- Sectors
- SaaS, Marketplace
- Founded
- 2015
- HQ
- New York, NY
About MetaProp
MetaProp was founded in 2015 by Aaron Block and Zach Aarons as the first venture capital fund dedicated exclusively to proptech investing. The firm operates both traditional venture capital funds and accelerator programs, positioning itself as the leading specialist investor in real estate technology. MetaProp focuses on early-stage companies that are digitizing and improving efficiency across the real estate value chain, from property management and transactions to construction and facilities management.
The firm's accelerator program has become a premier destination for proptech startups, providing not just capital but also access to MetaProp's extensive network of real estate industry partners and customers. Notable investments include VTS (commercial real estate leasing platform), Homelight (real estate agent marketplace), and Bowery Valuation (automated property valuation). The team combines venture capital expertise with deep real estate industry knowledge, helping portfolio companies navigate the traditionally slow-moving real estate sector.
Investment Thesis
“Investing in technology companies that are transforming the trillion-dollar real estate industry through innovation.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Key Team (2)
Aaron Block
Co-Founder & Managing Partner
Zach Aarons
Co-Founder & General Partner
Fund History
- MetaProp was founded in New York in 2015 and closed its first fund in December of that year, the first venture vehicle dedicated exclusively to real estate technology.
- Fund II followed in June 2017 and closed at $40 million in 2018.
- MetaProp Ventures III closed at $100 million in June 2021, more than two and a half times the size of its predecessor and, at the time, the largest dedicated early-stage proptech fund raised.
- Across its funds and accelerator the firm has invested in more than 150 real estate technology companies.
- Two have crossed a billion-dollar valuation: Attentive reached $2.2 billion in September 2020 and Side reached $1 billion in March 2021.
- The limited partner base draws heavily on real estate owners and operators, which gives the firm what it describes as a pilot-ready sandbox of more than 20 billion square feet across every asset type and global market, and that access is the commercial asset it offers portfolio company management teams.
Frequently Asked Questions
What stage does MetaProp invest at?
MetaProp primarily invests at the Seed, Series A stages. This means they focus on companies that are building their initial product and finding product-market fit.
Where is MetaProp located?
MetaProp is headquartered in New York, NY. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does MetaProp focus on?
MetaProp focuses on investments in SaaS, Marketplace. Their portfolio reflects deep expertise and networks within these sectors.
What is MetaProp's typical check size?
MetaProp's typical investment check size ranges from $100K to $1M. Actual amounts may vary based on the stage, sector, and specific opportunity.
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