PropRise YC Application

Summer 2023Active

PropRise went through Y Combinator in the Summer 2023 batch as a Real Estate and Construction company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2023
Industry: Real Estate and Construction
Team size: 3
Status: Active
Launched: 2023

Founders

Jean-Michael DieiFounder
Matthew KragerFounder

What PropRise does

PropRise is the AI platform for institutional CRE investment teams. We automate the tedious, Excel-heavy workflows that slow down dealmaking: from sourcing to underwriting to due diligence. Our two live products serve 50+ customers including Public Storage: Beacon automates site selection for developers, and Primer extracts financial data from deal packages into structured, model-ready formats, cutting hours of analyst work to minutes. We're expanding across asset classes to become the operating system for CRE dealmaking.

PropRise's YC application, reconstructed

Y Combinator application

PropRise, Summer 2023 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

PropRise

Describe what your company does in 50 characters or less.

The AI platform for CRE investment teams

What is your company going to make? Please describe your product and what it does or will do.

We build AI tools that automate tedious parts of commercial real estate investing. Our products help institutional CRE investment teams go from deal sourcing to underwriting to due diligence faster by cutting down manual Excel work. Beacon automates site selection for developers, and Primer extracts financial data from deal packages into structured formats usable for financial modeling, turning hours of analyst work into minutes.

Where do you live now, and where would the company be based after YC?

We live in San Francisco, and after YC the company will remain based here.

Explain your decision regarding location.

San Francisco is where we live and build our network. It's a strong hub for AI and SaaS startups as well as real estate tech, so it makes sense to keep the company here to stay close to talent and customers.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real PropRise YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from PropRise's public data (launch notes, founder backgrounds, product description). It shows how a company like PropRise would present itself to YC, not the text they submitted.