In Proptech, Seed Is the New Series A — But Only in Vertical AI

A recent analysis by the Center for Real Estate Technology & Innovation (CRETI) reveals a structural shift in venture capital deployment: Seed rounds, particularly in sectors driven by artificial intelligence, have effectively become the new Series A, especially in vertical AI categories like real estate, construction and infrastructure, where enterprise adoption and data moats matter more than horizontal hype.

America’s Top Venture Capital Firms of 2025

Over the past 50 years, venture capital firms have shaped the U.S. economy into the capitalist behemoth it is today. Many of the biggest companies in the world by market cap, including Apple, NVIDIA, Microsoft, Amazon, and Meta, owe their success in part to VC firms that funded them as they were just starting out, making the VC firms themselves some of the most influential businesses on the planet.