As the PropTech sector continues its robust growth trajectory, innovation and sustainability are increasingly crucial. Startups are developing technologies that make property management and construction more efficient and greener. Israeli innovation is no stranger to the PropTech sector and a growing number of start-ups are attracting significant attention abroad from developers and investors alike.
One of the most significant conferences in the industry, showcasing the latest innovation in the PropTech and ConTech arena, is the CRETech conference. The annual conference features companies from around the globe displaying unique solutions for everything from fully automated buildings to greener alternatives to existing real estate technology.
CRETech 2023 took place this month at the Jacob Javits Center in New York City, followed by a Climate Day conference at the Nest Climate Campus and Javits Center.
The CRETech Conference included over 4,000 attendees with presentations from industry leaders on five stages along with myriad opportunities for companies to network with potential clients and investors.
Built-Up Ventures, an Israel-based seed fund specializing in early-stage startups in the property, construction, and smart-city space, joined its seed portfolio companies, Buzzztech and 3DCom at this year’s CREtech conference.
Brian Steinberger, Chief Investment Officer, at Built-Up Ventures, commented on the fund’s focus on the Proptech sector.
“The future of Israeli property technology (Proptech) is exceedingly promising, driven by the country’s innovation prowess and vibrant startup ecosystem,” Steinberger said. “The convergence of advanced technologies such as AI-driven property management, smart building solutions, and data analytics is poised to revolutionize the real estate industry. In our carefully curated portfolio of Israeli Proptech companies, we’ve identified visionary startups that are at the forefront of this transformation, leveraging cutting-edge technology to optimize property operations, enhance tenant experiences, and reshape the way we interact with the built environment.”
The PropTech sector has seen rapid growth in recent years, and this trend is expected to continue with advances in AI technology, machine learning, and virtual reality. According to Grand View Research, the Proptech market size was $25,451 million in 2021 and is expected to grow at a CAGR of 16% between 2022 and 2030.
BuzzzTech–Fast, Easy, and Green Cleaning Solutions
At the CRETech conference, Buzzztech showcased its technology, which provides automated updates that help keep restrooms clean around the clock.
Using AI and machine learning technologies, Buzzztech’s device sends alerts in real-time, pinpointing problems. These alerts allow the cleaning staff to locate and take care of messes immediately, maintaining a pleasant, hygienic environment, reducing customer complaints, and saving substantially on cleaning resources.
Buzzztech’s clients include high-profile companies in Israel, such as Bank HaPoalim, Intel, and Delek. In addition, the company has recently received a tender to provide Buzzztech devices on IDF bases. Currently, BuzzzTech has signed a lucrative contract to install devices in Mexico and is taking steps to expand into the U.S. market.
3DCom–Instant and Simple 3D Property Visualization
Another Built-Up Ventures portfolio company that attended the CRETech conference was 3DCom, an innovative company using technology that converts architectural plans to 3D models in just 15 to 30 minutes.
Architectural plans come alive for potential buyers, real estate agents, investors, developers, and anyone who wants to fully visualize a property. 3DCom’s SaaS platform transforms paper or digital plans into 3D models in three simple steps.
3DCom is unveiling a multi-platform media package, including exterior and interior virtual tours, promotional videos, and +360 photos for Facebook.
BuzzzTech and 3DCom are expected to play a crucial role in the Proptech sector and are among several promising Built-Up Ventures investments.
“BuzzzTech and 3DCom demonstrate the kind of innovation that will significantly contribute to the Proptech sector. Their solutions for facility managers and real estate developers make these companies valuable additions to the Built-Up Ventures portfolio. We are excited about the projects in their pipelines and look forward to seeing continued growth from these companies.” said Brian Steinberger.
Rami Navarro, BuiltUp Ventures Managing Director and UAE Regional Director commented, “BuzzzTech and 3DCom along with other companies in the Built-Up Ventures portfolio show exciting potential in growing Proptech markets, including the UAE. Their proprietary technology represents the present and the future of the industry.”
Find out more about Built-Up Ventures portfolio companies and how they create value for investors.