MetaProp is a New York-based venture capital firm that primarily invests in real estate technology startups. Since its inception in 2015, the accelerator has invested in more than 100 start-ups across the globe. The firm provides an accelerator program that lasts up to 22 weeks, and participants can receive up to $250,000 in financing.
One of MetaProp's notable success stories is the investment in Bowery, a real estate appraisal company, which raised $12 million in Series A funding in 2018. Another one is Spruce, which provides title insurance and escrow services, raised $29 million in 2020 despite the economic impact of COVID-19.
The accelerator attracts entrepreneurs who want tailor-made mentorship, unparalleled business network, and access to investors. MetaProp's network includes significant real estate, technology, and investor corporations like Real Estate Board of New York (REBNY), Zillow, and Warburg Realty.
The co-founder of MetaProp, Aaron Block, had success in the fields of international real estate operations, technology, and innovation before setting up the accelerator. His expertise and experience have significantly guided the selection process and mentoring in the accelerator firm.
MetaProp at Columbia University is one of their initiatives where they collaborate with Columbia University's engineering school to run the university's real estate technology accelerator. It is the first of its kind platform in the field of PropTech to be operated through a partnership between an accelerator and an Ivy League institution.
One of the unique features of the MetaProp accelerator is their Global PropTech Confidence Index. It tracks the health of the real estate tech market from the perspective of investors and start-ups. The index captures their sentiments towards market growth prospects and investment activities, which provides important insights into the PropTech industry.
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