Real estate tech incubator MetaProp NYC has just announced the eight start-ups in its 2016 accelerator class.
The new batch of fledgling companies, all of which will undergo 22 weeks of real estate and technology training, were selected from a pool of 300 applications from 35 countries.
“Our 2016 accelerator cohort is filled with talented and inspiring entrepreneurs who are transforming everything in real estate from building energy management, to interior design, to construction project scheduling and even real estate appraisals,” said Aaron Block, MetaProp NYC Co-Founder and Managing Director.
“It’s exciting for us to work with the next generation of RETech entrepreneurs in attacking common problems across the residential, office, industrial, retail and leisure real estate value chain.”
Metaprop’s new batch of start-ups include:
Flip (flip.lease): Flip promises to be the “easiest way to sublet or get out of your lease.” It essentially works a listings website for leases. Think Streeteasy but for subletting or taking over a lease. It even has the usual filters for rent price, number of bedrooms and bathrooms and desired neighborhood.
Ravti (www.ravti.com): This firm makes software that automates the process of bidding, procuring and overseeing HVAC operations. It counts companies CBRE, Regency Centers and DTZ as clients.
Enertiv (www.enertiv.com): Enertiv is an energy management platform that helps landlords monitor data usage. The data can cover the whole building down to a single room. The software can also be paired with a smartphone app that can help tenants track their energy consumption.
hOM (www.iamhom.com): This New York City-based company partners with property owners to organize group fitness classes in underutilized spaces. It currently holds lessons in hospitality, commercial and luxury residential buildings. Part of the proceeds made from every class is converted as charitable donations to Mount Sinai hospitals, Gilda’s Club and Stoked.org.
onTarget (ontargetcloud.com): OnTarget is a visual project management and analytics tool for the construction industry. The company aims to reduce cost and time overruns in construction projects, which it estimates at $250 billion per year in the US alone.
BuildPulse (buildpulse.com): BuildPulse allows building owners to track the operation of their HVAC systems. The company claims that the software can reduce a building’s energy use by five to ten percent.
WorkOf (workof.com): WorkOf is an online marketplace for locally made furniture. The service distributes products such as wall lamps, cabinets and chairs from more than 100 design studios across the country.
Bowery: The company claims to have “the fastest commercial appraisal report software in the business.”
Metaprop’s new batch of start-ups came from New York City, Seattle, Silicon Valley and Tampa Bay. Nearly all took part in less specialized technology accelerators such as YCombinator. The new Metaprop start-ups will receive funding between $50,000 to $250,000.