For the third year, MetaProp Accelerator at Columbia University is nurturing a group of PropTech startups. Eight startups based in New York, San Francisco, London, and Barcelona will meet in New York to pitch to investors. Blackstone is the host of their Demo Day in New York City on February 1st, 2018. A West Coast Demo Day will also follow in San Francisco on February 8th.
MetaProp Accelerator at Columbia University is a 22-week program focused on driving and accelerating the growth and market penetration of startups exclusively in PropTech. The program provides startups access and introduction to key industry personnel and global capital along with up to $250,000 in investment for a small equity stake. These entrepreneurs have access to MetaProp’s network including NYC EDC, REBNY, Zillow, Warburg Realty, and Silicon Valley Bank, to name a few. Past successful companies nurtured by the accelerator include Flip, an NYC-based lease marketplace. Flip raised $2.2 million in a seed round from Union Square Venture and Collaborative Fund in June 2017.
“Our current accelerator cohort is indicative of the increasingly fast global growth and demand for technology solutions across the real estate value chain,” said Co-founder and Managing Director Aaron Block in a statement.
These eight startups were selected from hundreds of applications received from more than 25 countries and with a diverse mix of entrepreneurs who are looking to tackle PropTech problems in residential brokerage, smart buildings, property management, deal platform, and location intelligence. Before entering the accelerator, the startups have secured investments from venture capital firms, such as Andreessen Horowitz, Cornell Tech, Eric Schmidt’s Foundation, and TechStars etc.
Stanford computer science grad, Joe Lee, is the CEO and Co-founder of LocateAI. The company went through TechStars and aims to use artificial intelligence to solve problems in the often antiquated commercial real estate industry. The team is building a predictive analytical platform that generates unique insights on how to make smarter and faster real estate transactions. Lee told Propmodo that the accelerator has brought values in two key aspects: “MetaProp has made introductions to other entrepreneurs and helped us understand how our technology can be used for a broader audience.”
Another accelerator startup is Travtus which combines integrated mobile and web technologies to create a technology driven platform for property management. The founder and CEO, Tripty Arya, is a Cornell and Columbia Business School alumnus. Prior to being an entrepreneur, she developed residential projects in Mumbai and ran construction company in Singapore. She met the MetaProp founders through Columbia’s network. “MetaProp has opened doors to people in the industry and in New York, which is hard to access as a struggling startup,” explained Arya. “The Accelerator helps structure growth and gets us more focused on metrics. This discipline becomes a ‘way of being’ and makes our performance more measurable from the investor’s perspective.” She will introduce “Adam”, the new digital property manager, in the Demo Day.
Meet the Class of 2017 of MetaProp Accelerator at Columbia University Cohort, all of which will be presenting at the Demo Day:
BlocPower (NYC): A technology platform to make buildings and communities, smarter, greener, and healthier.
Doorport (NYC): A next-gen building entry creating an end-to-end building management platform to provide the best residential living experience.
Hoozip (NYC): A software platform for wholesalers and real estate investors to provide all convening power of ‘Meetup’ and a suite of tools to help users find, evaluate and close deals faster.
Irene (NYC): A home equity access for seniors and a debt-free alternative to reverse mortgages. (Website under construction)