Detroit’s InvestNext wins PropTech award

InvestNext, a Detroit-based real estate investment management platform for raising and managing capital, has been named ‘Investment Management Platform of the Year’ in the fifth annual PropTech Breakthrough Awards, a recognition the firm said has validated its product and growth strategy. The award highlighted its work to streamline capital raising and investor relations for real‑estate sponsors and syndicates. 

PropTech Breakthrough is an independent market intelligence organization and the awards “recognize and celebrate the innovators, disruptors, and visionaries shaping the future of real estate technology’ according to their website.

The winners were announced on Wednesday, with InvestNext placed among firms recognised in financing, property management, data analytics and AI categories.

Kevin Heras, co‑founder and CEO of InvestNext, said that for his business “everything starts with the people behind capital raising. General Partners are the driving force in shaping deals, building investor trust, and creating real impact — and our role is to enable them to do it faster, with more clarity, and less friction.” adding that the platform they’ve created “aligns with how GPs actually work.” 

InvestNext describes itself as an end‑to‑end investment management stack, offering investor portals, accreditation and KYC automation, waterfall distributions, cap‑table management, secure payments and document reporting. The company is being used by more than 1,600 general partners and some 70,000 investors across the US and Canada according to its statement, which also pointed to measurable operational benefits such as shortened onboarding times and fewer investor support calls. 

In February this year InvestNext closed a $15 million dollar Series B round led by Beringea, a VC firm with offices in Detroit and London. That round also included Toronto-based Whitecap Venture Partners, a firm which has participated in every round for the firm so far. Investors in previous rounds include Chicago-based Hyde Park Venture Partners and Grand Ventures from Grand Rapids. The geographic diversity of investors can only help the firm as it seeks to grow and scale across the nation and beyond. 

"InvestNext is solving the problems that matter to capital raisers. Their platform runs it all from inbound funding to post-close operations” said Bryan Vaughn, Managing Director of the PropTech Breakthrough Awards. “Legacy systems, disparate tools, and outdated portals - or no portal at all - fail to meet the need for transparency, polish, access and trust" he added.

The Awards are clear to point out that the recognition represents their assessments of products and services provided by awardees but that they are not endorsements or guarantees of performance.

Taken together, the award, recent fundraising and publicly declared customer data paint a picture of a business on the rise as it seeks to replace legacy workflows in private real‑estate capital.