Skip to main content

Propy

Category: AI in Fintech

A blockchain and AI-driven real estate platform that automates the entire transaction process, from offer to closing, by integrating on-chain property titles and AI-powered escrow services. Propy was founded in 2016. The company is led by Natalia Karayaneva. Based in Palo Alto, USA. Team size: 50-100. Total funding raised: $128.7M. Latest round: Debt Financing ($100.0M, Jan 2026). Key investors include ["Metropolitan Partners Group","Tim Draper (Draper Associates)","Arrington Capital","Second Century Ventures (National Association of Realtors)"].

Founded
2016
Headquarters
Palo Alto, USA
Team size
50-100
Total funding
$128.7M

Value proposition

Eliminates manual paperwork and reduces wire fraud by providing a secure, transparent, and instant closing process through blockchain-verified titles and AI-automated transaction management.

Products and solutions

["Agent Avery: An AI-powered virtual escrow officer that automates document processing and communication.","PropyKeys: A decentralized registry (dApp) for minting on-chain property addresses and home titles.","Propy Title & Escrow: A blockchain-integrated title service that facilitates secure, digital closings.","Propy Offers: A digital platform for agents to manage, track, and close offers in real-time.","Crypto-to-Real Estate: A specialized service for purchasing physical property using cryptocurrency."]

Unique value

Propy pioneered the first-ever real estate transaction recorded on a blockchain and is the only platform combining AI 'Escrow Officers' with RWA (Real World Asset) tokenization for residential property.

Target customer

Real estate agents and brokers, title and escrow companies, home buyers/sellers, and institutional real estate investors.

Industries served

["Real Estate","Fintech","Blockchain / Web3","LegalTech (Title & Escrow)"]

Technology advantage

Utilizes proprietary smart contracts to automate the transfer of property rights and 'Agent Avery' (LLM-based AI) to handle complex closing workflows, significantly reducing the standard 30-day closing window to potentially minutes.

How they differentiate

Propy differentiates by combining a blockchain-based title registry with 'Agent Avery,' an AI-powered escrow officer. Unlike traditional digital closing platforms, Propy enables the entire transaction to occur on-chain, supporting both fiat and cryptocurrency payments while automating legal workflows through smart contracts.

Main competitors

["Roofstock","Qualia","Doma (formerly States Title)"]

Key partnerships

["National Association of Realtors (NAR) via Second Century Ventures","Metropolitan Partners Group (Financing partner for title company acquisitions)","Tim Draper (Draper Associates)","Arrington Capital","Various US-based Title and Escrow agencies"]

Notable customers

["National Association of Realtors (NAR)","Sotheby’s International Realty","Various independent US Real Estate Brokerages"]

Major milestones

["Completed the first-ever real estate transaction recorded on a blockchain (2017)","Facilitated the first NFT-based property sale in the United States (2022)","Launched 'Agent Avery' AI Escrow Officer to automate closing documents (2024)","Secured $100M credit facility to acquire and modernize traditional title companies (2026)"]

Growth metrics

Scaling operations to automate the standard 30-day escrow period; currently acquiring traditional title companies to integrate AI 'Agent Avery' into legacy workflows.

Market positioning

A Web3-native PropTech leader transitioning into the mainstream market by acquiring traditional title agencies to implement its AI-driven automation at scale.

Geographic focus

Primarily the United States (with heavy focus on Florida, California, and Arizona), with a long-term strategy for global decentralized property registries.

Patents and IP

Proprietary blockchain protocols for property title transfer and AI-driven automated escrow workflows (specific patent filings are generally held as trade secrets or pending in the PropTech space).

About Natalia Karayaneva

Natalia Karayaneva is a serial entrepreneur and software engineer with over 15 years of experience in real estate development. Before founding Propy, she was the Managing Owner of MP Group, where she oversaw thousands of real estate transactions. She is an Oxford graduate and a prominent advocate for blockchain and AI integration in property markets, recognized as a World Economic Forum Technology Pioneer.

Official website: