Due Diligence Checklists › PropTech › Series A
PropTech Startup Investment Checklist: Series A Stage (2026)
This checklist covers 20 due diligence items for PropTech startups at the Series A stage. Each item has been validated against institutional investor practice. DDR automates the majority of these checks from a single pitch deck PDF upload.
20 checklist items · 2 red flags automatically detected · See a sample DDR report
Series A Requirements
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$1M+ ARR or strong path within 12 months
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Proven repeatable go-to-market motion
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Net Revenue Retention >100% (expansion > churn)
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Gross margins indicating sustainable unit economics
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Management team capable of scaling to $10M ARR
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Clear competitive differentiation and moat building
PropTech Sector
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Brokerage licenses verified in all operating states
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Interest rate sensitivity analysis documented
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Data licensing agreements for MLS and public records reviewed
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Fair housing compliance policy reviewed
Deep Dive
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Real estate brokerage licensing in operating states
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Interest rate sensitivity analysis on revenue model
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Real estate data licensing agreements
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MLS access agreements and compliance
Regulatory
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Verify: State real estate brokerage licensing across 50 states
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Verify: Fair housing laws: algorithmic pricing and tenant screening discrimination risk
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Verify: MLS (Multiple Listing Service) access rules and arbitration
OSINT Signals
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Check: State real estate commission license lookup
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Check: MLS membership status
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Check: Google Reviews for property management products
DDR AUTOMATES THIS CHECKLIST
Upload a PropTech startup pitch deck and DDR automatically completes 14+ of these 20 checklist items — sourcing data from 13 OSINT signals, benchmarking against 2 comparable companies, and detecting all 2 critical red flags.
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