MetaProp 2019 Cohort
The startups impressing the specialist VC firm this year

Meet MetaProp’s class of 2019

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Nicola Byrne

On-demand construction workers and a hygiene subscription service for workplaces, are just two of the companies that have bagged a place on the high-profile accelerator in partnership with Columbia University.

The 22-week boot camp will provide the founders with real estate education, mentoring, presentation workshops, and property tours in cooperation with notable industry players such as Blackstone, Brookfield and WeWork, as well as later stage startups VTS, CompStak, Nestio, and Reonomy. Each startup also qualifies for up to $250,000 in financing from MetaProp.

MetaProp cofounder and managing director Aaron Block said: “This year’s flagship programme launches with an unprecedented level of founder, geographic and growth stage diversity. This group looks and feels different and it shows.”

Often seen as the VC firm to watch for its investment in cool companies, here are the firms that impressed MetaProp to make it onto the programme this year:

Toolbox

Toolbox is a startup building an on-demand construction service, with a pool of construction workers who are fully vetted to meet quality and insurance requirements. The technology platform also gives the user full insight into their project from initial bid to final invoice. Workers have access to a mobile app to keep track of their work, ratings, licenses and online payments.

Switch Automation

Switch Automation is a smart building platform which integrates with traditional building systems as well as Internet of Things technologies to analyse, automate and control assets in real-time such as lighting and HVAC systems. The platform turns the data collected into insights and specific opportunities to improve occupant comfort and operational efficiency.

Switch Automation

TracFlo

TracFlo is a predictive financial management platform. The platform provides a central location to develop, track, and maintain all costs associated with construction projects, from change orders, allowances, and monthly billing. The company hopes to resolve cost overrun issues in the industry by helping projects stay on budget and on schedule.

Aren

Aren is an AI-powered platform which provides building information for asset managers. The technology will offer an automated and quantitative approach to de-risk the asset management practice using computer vision and machine learning. The company uses drones for data collection to generate 3D models. The startup has not yet publicly launched and does not have a website.

Aren Concrete 3D Damage Detection

AI-powered tech can be used to detect damages as shown here for cracks on a concrete structure

Alpha’a + The Lieu

Where do we draw the line at what we define as ‘proptech’? Startups Alpha’a and The Lieu certainly appear to stretch it.

Although adhering to the ever-growing trend of everything-as-a-subscription, especially in offices, should a grooming and feminine hygiene subscription service for workplaces have a space on an accelerator which aims to solve property’s pain points by using tech? The Lieu curates a rotating supply of hair, body, skin and feminine care products delivered to your office.

Thelieu

Alpha’a is a community-oriented platform offering tailor-made art collections for businesses, which is a nice concept but is it proptech? The service involves tracking every artwork registered and sold through its platform with a blockchain certification.

Founded in 2015 by Aaron Block, Clelia Peters and Zach Aarons, MetaProp is best known for its accelerator programmes, funds and advisory schemes for companies developing real estate innovations.

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