Proptech News 06/20/2025
AI-driven platforms and embedded legal tools are fueling Proptech’s rise to $122B by 2034. Learn how smart firms are reshaping real estate’s future.
AI-powered proptech Prop-AI secures $1.5 million pre-seed - Wamda
UAE-based PropTech Prop-AI has raised $1.5 million in a pre-seed funding round led by Plus VC, with participation from Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, and angel investors from Saudi Arabia and Bahrain.
Founded in 2023 by Ranime El Skaff and Christian Kunz, Prop-AI uses AI and machine learning to automate property search, evaluation, and decision-making for buyers, investors, and professionals.
The platform aims to become the "Bloomberg of Real Estate," providing data-driven insights in an industry that remains largely undigitized.
With this new capital, Prop-AI will expand regional data integrations, enhance AI infrastructure, launch enterprise tools, and scale across the MENA region and Europe.
Prop-AI tripled its revenue in Q1 2025 and was recently awarded the AI Seal of Excellence from the Dubai Centre for Artificial Intelligence—the first PropTech company to receive this honor.
The company is also preparing to launch its Prop-AI Business platform and APIs for real estate professionals, with plans to introduce the region’s most advanced Agentic AI for real estate in the coming months.
PropTech Market Size, Share, Trends and Industry Report - OpenPR
The PropTech market reached USD 26.5 billion in 2024 and is forecast to grow at a 16.5% CAGR from 2025 to 2034—expected to reach USD 122 billion by 2034.
This growth is driven by widespread adoption of AI, IoT, VR/AR, big data analytics, blockchain, and cloud services, which empower more transparent, efficient, and user‑friendly real estate solutions.
By segment:
Residential PropTech dominates, buoyed by demand for virtual tours and digital home transactions.
Software solutions—such as property, asset, and tenant management platforms—comprise the largest share, with services on a strong growth trajectory.
Cloud deployment leads over on‑premises models, offering greater scalability and remote accessibility.
Regional demand remains strongest in North America, while Asia‑Pacific is the fastest growing driven by smart city initiatives and infrastructure investments.
Despite challenges like data protection and integrating PropTech with legacy systems, the market presents significant opportunities in ESG compliance, fractional ownership, and smart-building analytics.
Ownright Launches Developer Platform to Embed Legal Closings in Proptech Tools - Fintech.ca
Toronto-based legaltech company Ownright has launched a new Developer Platform to embed legal closing services directly into Canada’s fast-growing proptech sector.
The platform offers APIs and tools enabling real estate tech providers to integrate Ownright’s legal services into their own applications—supporting a smoother, digital-first closing experience. This comes as Canada’s proptech market grows at an estimated 17.6% CAGR through 2030.
“Buying a home is one of life’s biggest moments—we want to make it better by supporting the platforms people already trust,” said Robert Saunders, Ownright’s co-founder and CEO.
Proptech companies can now automate legal referrals, track real-time transaction statuses, and receive webhook notifications at key milestones—improving efficiency and transparency for agents, buyers, and sellers.
Early adopter Buy.ca is already integrating the new platform. “Their transparent, user-friendly experience is a breath of fresh air,” said Buy.ca CEO Senthu Velnayagam.
This launch marks a key milestone in Ownright’s mission to modernize real estate transactions with embedded legal infrastructure across Canada.
Proptech firm planted for growth with fresh private equity investment - TheBusinessDesk.com
Derby-based proptech firm Nurtur Group, which focuses on the estate agency and home mover sectors, has secured new backing from Growth Capital Partners (GCP).
Nurtur offers six core products, spanning lead attribution, marketing automation, and property data insights, helping businesses enhance client engagement and service in the home mover market.
Led by CEO Damon Bullimore, with majority shareholder Toscafund, Nurtur has expanded its product offerings and team, now employing 200+ staff across Derby and Coimbatore, India.
GCP, which specialises in tech businesses using automation and AI, is investing as part of Fund V, its 11th partnership—expected to close in July 2025.
“We believe GCP is the ideal partner to support us through this next growth phase,” said Bullimore, while thanking Toscafund for its years of support.
GCP partner Alex Thomson praised Nurtur’s industry-leading platform, client value, and growth record, saying GCP is excited to help scale the business further in this evolving market.