TL;DR
- UK proptech has raised £3.05bn in equity to date, £1.93bn of it since 2020, but the annual flow fell from a £507.5m peak in 2021 to £192.4m in 2024 before recovering to £230.4m in 2025 (Beauhurst).
- The money is top-heavy: the top 100 companies hold roughly 75% of all UK proptech equity, and the five largest, Nested, Causeway, Purplebricks, LendInvest and Plentific, have each raised over £100m.
- Globally, debt was the single largest proptech capital type in the first half of 2026 at 27.7%, and 11 rounds of $100m or more took almost half of all disclosed capital (CRETI).
If the capital backdrop asked how healthy the wider market is, this piece asks where proptech money actually sits. The answer, in the UK, is at the top of the table and increasingly in later, larger rounds.
The annual flow
Beauhurst, which tracks announced equity rounds into UK-headquartered companies in its proptech classification, puts the peak at £507.5m in 2021. Funding then moderated to £192.4m in 2024 and rose to £230.4m in 2025. Two other numbers frame that recovery:
- Cumulative equity raised by UK proptech stands at £3.05bn, with £1.93bn secured since 2020.
- The base of active companies has grown 180% over the decade to more than 845, even as new incorporations fell from 69 in 2018 to 21 in 2025.
A note on methodology, because the headline year looks very different depending on who counts. Pi Labs, the London proptech venture firm, reported £1.6bn of UK proptech investment for 2021, roughly three times the Beauhurst figure. The gap is mostly definitional: Pi Labs' tally included mixed debt and equity financings such as Proportunity's £100m-plus raise, while Beauhurst counts announced equity only. Neither is wrong. Readers should simply not put the two series on one chart.
The league table
The capital is not spread evenly. The top 100 companies have collectively raised £2.28bn, roughly 75% of all UK proptech equity, and the five largest account for over £620m between them (Beauhurst, data to 1 April 2026):
- Nested, the London home-selling platform, at around £173.5m
- Causeway, the construction and infrastructure software group, at £120m
- Purplebricks, the online agency, at £116.4m
- LendInvest, the property finance platform, at £109m
- Plentific, the property operations platform, at £107.4m
Fewer, bigger rounds
The concentration is a global pattern, not a British quirk. CRETI's H1 2026 report counted $4.53bn across 231 rounds worldwide, down 0.6% on the same period of 2025. Eleven rounds of $100m or more captured 49.6% of disclosed capital, while rounds below $5m made up 75 deals but only 2.8% of the money. CRETI's own reading is that the figures "indicate stabilization, but not a broad-based rebound".
Debt steps in
The most telling shift is in the type of capital. Debt was the single largest proptech funding source globally in the first half of 2026 at 27.7% of all capital, ahead of private equity at 10.4% (CRETI). Together, non-venture capital made up 38.1% of the total. A sector once defined by early-stage equity is increasingly financed like an established industry, by lending against proven models rather than betting on unproven ones. This matches the shift toward pilots to performance that buyers are demanding.
The London read
For a founder walking into PropTech Connect Europe, the message is direct. The capital exists, but it rewards scale, traction and a fundable balance sheet, and it is increasingly sitting in the hands of the investors in the room rather than on the stage. Inside the wider UK equity market, three AI companies alone took 29% of all capital raised in the first half of 2026 and pushed the average round to a record £5.4m (Beauhurst), so proptech is competing for attention inside that pull, not outside it. The meetings, not the keynotes, are where the sector's next cycle gets decided.
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- UK proptech £3.05bn cumulative equity, £1.93bn since 2020; peak £507.5m in 2021; £192.4m in 2024; £230.4m in 2025; 845+ active companies, +180% over 2015-2025; incorporations 69 in 2018 to 21 in 2025; top 100 raised £2.28bn (~75%); top five over £620m; Nested £173.5m, Causeway £120m, Purplebricks £116.4m, LendInvest £109m, Plentific £107.4m; methodology (announced equity, UK HQ, Beauhurst proptech classification, data as of 1 April 2026): https://www.beauhurst.com/blog/proptech-companies-uk/
- Pi Labs: £1.6bn UK proptech investment in 2021, up 360% from £347.79m in 2020: https://www.propertyweek.com/news/uk-proptech-investment-hits-record-high
- Proportunity 2021 raise of more than £100m in a mixture of debt and equity, the year's largest, per Pi Labs data: https://www.thetimes.com/life-style/property-home/article/big-players-join-race-to-back-new-hot-properties-in-technology-0kpttjcqh
- Global proptech H1 2026: $4.53bn across 231 rounds, down 0.6% on H1 2025; 11 rounds of $100m+ = $2.25bn, 49.6% of capital; rounds under $5m = 75 deals, 2.8%; debt 27.7%, private equity 10.4%, combined 38.1%; "indicate stabilization, but not a broad-based rebound": https://creti.org/insights/h1-2026-global-proptech-venture-report
- UK equity market H1 2026: £14.4bn across 2,799 deals; three AI companies captured 29% of capital; average round a record £5.4m: https://beauhurst.com/research/the-deal-h1-2026/
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