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Nine Four Ventures

North America, Illinois, United States, Chicago

Description

Nine Four Ventures is a dedicated early-stage venture capital firm based in Chicago, Illinois, specializing in the burgeoning PropTech sector. Founded by Michael DeGiorgio and Kevin Swartz, the firm is committed to identifying and backing innovative technology companies that are poised to redefine the real estate industry. Their investment thesis centers on the belief that technology will fundamentally transform how real estate is developed, managed, transacted, and experienced, positioning them as a key player in the evolving landscape of property technology.

The firm primarily targets early-stage opportunities, specifically engaging with companies at the pre-seed, seed, and Series A stages. This strategic focus allows Nine Four Ventures to partner with founders from the ground up, providing crucial capital and support during the formative phases of a startup's lifecycle. Their typical initial investment ranges from $250,000 to $1,000,000, indicating a clear preference for significant early-stage commitments that can help companies achieve key milestones and scale their operations. This check size positions them as a vital source of funding for startups seeking substantial seed or initial Series A capital within the PropTech ecosystem.

Beyond capital, Nine Four Ventures emphasizes a hands-on approach, leveraging their deep industry expertise and extensive network within real estate to support their portfolio companies. They aim to be more than just a financial backer, striving to act as strategic partners who can provide guidance on product development, market entry, and scaling challenges unique to the real estate technology space. Their focused vertical approach allows them to develop specialized insights and connections, offering a distinct advantage to the founders they back. By concentrating solely on PropTech, Nine Four Ventures plays a vital role in fostering innovation and accelerating technological adoption across the vast and complex real estate market.

Investor Profile

Nine Four Ventures has backed more than 40 startups, with 3 new investments in the last 12 months alone. The firm has led 3 rounds, about 8% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Seed, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Australia, Canada.
  • Strong thematic focus on Software, Construction, SaaS.
  • Typical check size: $250K – $1M.

Stage Focus

  • Series B (28%)
  • Seed (28%)
  • Series A (18%)
  • Series C (13%)
  • Series D (5%)
  • Series Unknown (5%)
  • Pre Seed (3%)
  • Convertible Note (3%)

Country Focus

  • United States (95%)
  • Australia (3%)
  • Canada (3%)

Industry Focus

  • Software
  • Construction
  • Saas
  • Information Technology
  • Financial Services
  • Insurance
  • Insurtech
  • Fintech
  • Real Estate
  • Artificial Intelligence (Ai)
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Nine Four Ventures frequently co-invest with?

Bain Capital Ventures
North America, California, United States, San Francisco
Co-Investments: 4
Navitas Capital
North America, California, United States, Culver City
Co-Investments: 4
Camber Creek
North America, Maryland, United States, Rockville
Co-Investments: 3
Fifth Wall
North America, California, United States, Los Angeles
Co-Investments: 3
8VC
North America, California, United States, San Francisco
Co-Investments: 3
Builders VC
North America, California, United States, San Francisco
Co-Investments: 3
Index Ventures
North America, California, United States, San Francisco
Co-Investments: 3
Zigg Capital
North America, New York, United States, New York
Co-Investments: 5
Craft Ventures
North America, California, United States, San Francisco
Co-Investments: 3
Founders Fund
North America, California, United States, San Francisco
Co-Investments: 3

Which angels does Nine Four Ventures often collaborate with?

EL
North America, Florida, United States, Miami Beach
Shared Deals: 1
MD
North America, California, United States, Los Angeles
Shared Deals: 1
AH
North America, New York, United States, New York
Shared Deals: 1
SS
North America, Massachusetts, United States, Boston
Shared Deals: 1
Jerry Yang
Asia, Tokyo, Japan, Tokyo
Shared Deals: 1
KH
North America, California, United States, San Francisco
Shared Deals: 1
RF
North America, California, United States, San Francisco
Shared Deals: 1
MO
North America, California, United States, Beverly Hills
Shared Deals: 1
CG
North America, Tennessee, United States, Nashville
Shared Deals: 2
CT
North America, California, United States, Los Angeles
Shared Deals: 1

What are some of recent deals done by Nine Four Ventures?

Lumion

Sandy, Utah, United States

Lumion partner with schools to offer technology solutions to better manage affordable student payments.

CreditEducationFinanceFinancial ServicesFinTech
SeedJun 16, 2025
Amount Raised: $10,700,000
Steadily

Beaverton, Oregon, United States

Steadily provides property and liability insurance for rental property owners and investors.

Commercial InsuranceInsuranceInsurTechProperty Insurance
Series CApr 23, 2025
Amount Raised: $30,000,000
Latii

New York, New York, United States

Latii is a cloud-based supply chain platform where construction materials are sourced.

Building MaterialConstruction
SeedOct 29, 2024
Amount Raised: $5,000,000
Mia Share

Wilson, Wyoming, United States

Mia Share partner with schools to offer technology solutions to better manage affordable student payments.

CreditEducationFinanceFinancial ServicesFinTech
SeedFeb 12, 2024
Amount Raised: $6,500,000
Inspectify

Seattle, Washington, United States

Inspectify aims to develop a platform that helps inspectors, real estate professionals and home buyers alike.

Information TechnologyReal EstateSoftware
Series UnknownJul 24, 2023
Amount Raised: $5,760,000
Bowery Valuation

New York, New York, United States

Bowery Valuation utilizes cloud-based appraisal software and a mobile app, enabling faster production of high-quality appraisals.

Commercial Real EstateProductivity ToolsSaaS
Series BJul 18, 2023
Amount Raised: $16,300,000
Steadily

Austin, Texas, United States

Steadily offers landlord insurance for rental property owners.

Commercial InsuranceInsuranceInsurTechProperty Insurance
Series BJul 5, 2023
Amount Raised: $28,500,000
Latii

New York, New York, United States

Latii is a cloud-based supply chain platform where construction materials are sourced.

Building MaterialConstruction
Pre SeedMar 6, 2023
Amount Raised: $2,100,000
Finley Technologies

San Francisco, California, United States

Finley helps companies streamline debt capital raise and management.

ComplianceFinTechInformation TechnologySoftware
Series AJan 31, 2023
Amount Raised: $17,000,000
Kojo

San Francisco, California, United States

Kojo is the leading construction materials management platform in the US.

CommercialConstructionLogisticsProcurementSaaSSoftwareSupply Chain Management
Series CSep 14, 2022
Amount Raised: $39,000,000