Proptech & Workplace Technology Startups
86 rounds worth $1.85 billion in H1 2026. Autodesk acquired MaintainX for $3.6 billion. Convene Hospitality raised $230 million. Mews reached $2.5 billion valuation. AEC software drew the most rounds of any sub-category. Consolidation accelerating with 7 workplace acquisitions in six months.
From Startups in Smart Buildings H1 2026The Funding Picture
PropTech captured 86 funding rounds worth $1.85 billion in H1 2026 alone, making it the second-largest investment category in smart buildings. AEC software led with 46 rounds, followed by asset management (15 rounds) and data-centre infrastructure (12 rounds). The category spans hospitality cloud platforms, commercial real estate software, hybrid workplace management, and property data analytics.
The defining deal was Autodesk’s $3.6 billion acquisition of MaintainX (May 2026) — one of the largest smart building transactions ever, valuing the AI-powered CMMS platform at roughly 18× projected 2027 revenue. In new funding, Convene Hospitality raised $230 million from TPG (March 2026), Mews reached a $2.5 billion valuation after a $300 million Series D, and Visitt raised $22 million for AI-powered commercial real estate operations.
Notable Funded Companies
PropTech produces the broadest range of business models in the smart buildings sector — from SaaS platforms for 15,000 hotels to AI-powered CMMS and desk-booking apps for hybrid offices. Individual funding amounts are sourced from public announcements.
| Company | HQ | Latest Funding | Description | Lead Investors |
|---|---|---|---|---|
| Convene | USA | $230M (Mar 2026, TPG & Ares) | Multi-brand hospitality platform for commercial real estate, operating flexible meeting, event, and workplace venues. The largest new proptech funding round of H1 2026. | TPG, Ares Management |
| Mews | Czech Republic | $300M Series D (Jan 2026, $2.5B valuation) | Hospitality cloud platform: PMS, POS, RMS, Housekeeping, Payments. 15,000 customers across 85 countries, processing $19.7B in transaction volume. Acquired DataChat (Nov 2025) for agentic AI hospitality systems. | EQT Growth; Tiger Global, Kinnevik, Battery Ventures |
| Visitt | Israel | $22M Series B (Jan 2026) | AI-powered single interface for commercial real estate operations. Consolidates property management, maintenance, and tenant experience into one platform using artificial intelligence. | Undisclosed |
| Fifth Dimension | UK | $26M Series A (May 2026) | Decision intelligence platform for real assets investors. Uses agentic AI for investment workflows across commercial property portfolios. | Undisclosed |
| deskbird | Switzerland | $23M Series B (Sep 2025); $44M total | Hybrid workplace management: desk booking, meeting rooms, visitors, parking in one platform. 10,000+ offices, 250,000 users. AI-powered occupancy prediction. Customers: Samsung, Deloitte, Philips, Airbus. | Octopus Ventures; Neva SGR, AVP |
| ButterflyMX | USA | Growth equity (Jan 2025, FTV Capital) | Smart video intercoms and access control for multifamily and commercial properties. 7,500+ buildings, 750,000+ apartments. Integrated with SALTO Systems and Livly for single-app resident access. | FTV Capital; Fifth Wall, Lead Edge Capital |
Key Trends in Proptech & Workplace Startups
1. AEC Software Dominates PropTech Rounds
Architecture, engineering, and construction (AEC) software drew 46 of PropTech’s 86 funding rounds in H1 2026 — more than any other sub-category. Autodesk’s $3.6 billion acquisition of MaintainX (May 2026) was the defining deal, bringing AI-powered enterprise asset management into Autodesk’s construction platform. Procore acquired Datagrid and Trimble acquired Document Crunch to bolster AI capabilities. The pattern: AEC software vendors are moving into building operations, while real-estate and facilities players invest in design, engineering, and construction startups. Convergence between construction tech and building operations is accelerating.
2. Hospitality Technology Continues to Scale
Convene Hospitality raised $230 million from TPG and Ares (March 2026) for its multi-brand hospitality platform — the largest new proptech funding round of H1 2026. Mews reached a $2.5 billion valuation after a $300 million Series D (January 2026), now serving 15,000 customers across 85 countries and processing $19.7 billion in platform transaction volume. Its November 2025 acquisition of DataChat signals the next phase: fully agentic hospitality systems where AI agents autonomously manage day-to-day operations. Hotels continue migrating from legacy on-premise systems to cloud-native platforms that integrate check-in, payments, housekeeping, and physical access.
3. Workplace Consolidation Outpaces New Funding
Workplace management saw 7 acquisitions in H1 2026 alone — consolidation is now outpacing new funding in this sub-category. Otis acquired a majority stake in WeMaintain (April 2026), the elevator company’s move into AI-powered maintenance. CXApp acquired EngineRoom (May 2026) for AI and agentic workplace experience. GoBright acquired 12CU (May 2026) for WiFi-based occupancy measurement. LumApps is acquiring Comeen (April 2026) to expand into workplace experience. deskbird ($23M Series B, September 2025) remains the leading European hybrid workspace platform, serving 10,000+ offices for Samsung, Deloitte, and Airbus. The pattern: established platforms are absorbing specialist tools faster than new entrants can raise.
H1 2026 revealed PropTech’s defining tension: convergence versus consolidation. AEC software is converging with building operations (Autodesk/MaintainX, Procore/Datagrid, Trimble/Document Crunch), while workplace management is consolidating through acquisitions faster than it’s generating new funded startups.
The Autodesk/MaintainX deal at $3.6 billion — roughly 18× projected 2027 revenue — signals that acquirers are paying growth-stage premiums for AI-powered platforms that bridge the gap between constructing a building and operating it. This is a new dynamic: construction tech companies buying into facilities management, and vice versa.
Hospitality remains the most mature sub-category, with Mews ($2.5B valuation) and Convene ($230M raise) showing sustained investor confidence. But the real story of H1 2026 is workplace management’s 7 acquisitions in six months. When consolidation outpaces new funding, it typically means the category is maturing — the surviving platforms will be those embedded in enterprise workflows with proprietary occupancy data.
Want the full startup landscape?
Memoori’s H1 2026 report tracks nearly 1,500 startups across all smart building categories — 169 funding rounds worth $5.3 billion, 600 acquisitions since 2014, and full technology category analysis.
Notable Acquisitions in Proptech
Proptech M&A is accelerating, with several billion-dollar deals reshaping the landscape:
Workplace management accounted for 7 of the 46 smart building acquisitions in H1 2026. Across all categories, Memoori has now tracked 600 startup acquisitions since 2014. See our dedicated analysis of the smart building M&A wave.
Track the Full Proptech Startup Landscape
This page highlights the most notable deals. Memoori’s report covers the complete picture: every funding round, every acquisition, every category — nearly 1,500 startups, 600 acquisitions, and $55B+ in cumulative investment over the last decade.
Startups in Smart Buildings H1 2026Frequently Asked Questions
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Methodology: This analysis draws on Memoori’s Startups in Smart Buildings H1 2026. Memoori defines a startup as a private company formed no earlier than 2014 that is focused on the commercial and industrial buildings market, is not a subsidiary or acquisition of a larger company, and is often financed by venture capital or private equity funding. Individual funding round amounts, dates, and valuations are sourced from public announcements, press releases, and verified databases. Category classifications are Memoori’s proprietary taxonomy. Memoori does not accept payment for inclusion or ranking.
