- Deloitte’s Technology Fast 500 named 10 real estate tech companies to its annual list
- List originally created to recognize industry disruptors
Deloitte recently released its annual ranking of the fastest-growing North American companies in the technology, media, telecommunications, life sciences, fintech and energy tech sectors. Known for 26 years as Deloitte’s Technology Fast 500, this year’s choices included 10 real estate tech companies to its annual list.
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Paul Silverglate, vice chairman and US technology sector leader with Deloitte LLP, said, “For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 55 list is proof positive that technology – from software and digital media platforms to biotech –truly does permeate so many facets of our life…especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”
Companies submit themselves for consideration and then Deloitte selects the awardees based on their respective percentage of fiscal year revenue growth from 2016 to 2019. Overall, companies achieve revenue growth ranging from 175% to 106,508% over the 3-year time frame with a median growth rate of 450%.
Here are the real estate tech companies that made the cut for the 2020 Deloitte Technology Fast 500 list:
Homie – company growth at rate of 8,646% and highest-ranking real estate tech on the list at #25
OJO Labs – #29 – AI and personal assistant startup
Groundfloor – platform for group and fractional investing in real estate financing – #102 – growth rate of 1,142
HomeLight – #148 – growth rate of 808% over 3 years – helps consumers research and rank real estate agents
Homesnap – #115 – mobile home-search app and lead generation tool just acquired by CoStar Group – with this acquisition, now in direct competition with Zillow
Search Realty Corp. – #345 – bills self as “community-focused, future-facing real estate brokerage”
Zillow – #418 – remains largest name in home search – growth rate of 224% in 3 years
Redfin Corporation – #469 – low-fee brokerage – growth rate of 192%
EOriginal – #473 – one of most established software platforms for digitized home lending
DocuSign, Inc. – #489 – not specific to real estate alone but top electronic transaction software for real estate agents and consumers
Thanks to Deloitte and InmanNews.
Also read: Nine Cities to Become Unaffordable by 2025, Another iBuyer Becomes All-in-One Buyer, Urbanites Hasten Pace of Searching for Suburban and Rural Homes