Miami has long been a quiet backwater for tech startups, but in 2022 the Miami metro area brought in $5.5B in VC investment, making it the 8th most important US metro area, according to Refresh Miami.
Although the city has become best known for the explosion of web3/crypto activity, there is a lot going on in PropTech too. Having one of the hottest real estate markets in the country (across all asset classes) and home to many leading developers and construction companies, Miami is a great place to start a PropTech startup. Below we highlight 10 of the most interesting local innovators and disruptors.
10 Miami Startups that are Disrupting the Real Estate Industry
What they do: DoorLoop is customizable rental property management software for mixed-use portfolios, including residential, commercial, associations and more. Landlords, property managers and management companies in over 100 countries currently use its software to manage tens of thousands of units.
What they do: Historically, the relationship between landlords and tenants can be a contentious one. At the same time, the experiences of managing a property, and renting one, are not always smooth. Belong is a startup that aims to address both these issues while giving renters a way to save toward home ownership.
What they do: With beycome's proprietary software, anyone can sell or buy a home and save thousands in commissions in the process; making the whole process easier, faster, and more transparent than using a traditional real estate agent.
What they do: SmartBarrel provides hardware and software solutions for construction contractors to manage workers on site. The startup is at the forefront of using Internet of Things (IoT) technology solutions for remote operations management, saving time and improving data capture for payroll and safety compliance.
What they do: Upside is a fully managed living option for older adults, creating an entirely new category of senior living. The company utilizes modern apartments in vibrant, safe, amenity-rich apartment communities and provides a turnkey and frictionless living experience for those who desire simplified living, later in life.
What they do: Document Crunch is an AI solution that simplifies the review of construction contracts by quickly identifying critical risk provisions and provides teams with guidance to make great decisions throughout the entire project lifecycle.
What they do: Togal.AI is focused on “take offs,” the most time-consuming part of the bidding process. By utilizing cutting-edge machine learning technology to analyze blueprints, they automatically create the list of materials required for developing a bid.
What they do: Milo is a financial technology company that is reimagining the way crypto and global consumers access mortgage credit and financial solutions in a borderless world. They raised $17M earlier this year, right before the crypto markets collapsed.
What they do: Opencasa combines data-centric analytics with deep market experience that enables the aggregation of single-family rentals and provides foreign & domestic capital with targeted access to the growing U.S. single-family rental (SFR) Market.
What they do: WeWork’s iconic founder Adam Neumann made a huge splash this summer when he announced his latest project Flow, which lists a Miami headquarters, had received a $350M investment from Andreessen Horowitz. Much speculation has been reported but very little has been revealed by the company, which purports to “create the leading consumer brand in residential living and change the experience of what it means to be a renter.”