# PropRise

> PropRise is a San Francisco AI company (YC S23) building software for institutional commercial real estate teams. Its two live products, Primer and Beacon, automate the Excel-heavy grind of dealmaking: Primer turns offering memos, rent rolls and T-12s into underwriting models with every number cited back to its source, while Beacon scans roughly 450,000 U.S. trade areas to surface self-storage sites that match a firm's buy-box. Founded by ex-Stripe machine-learning and engineering leads, PropRise is used by teams behind $50B+ in CRE, including Bain Capital, Colliers and Public Storage.

- **Founded:** 2023
- **Headquarters:** San Francisco, California, United States
- **Founders:** Jean-Michael Diei (Co-Founder & CEO), Matthew Krager (Co-Founder & CTO)
- **Team size:** ~7
- **Products:** Primer, Beacon
- **Notable:** Accepted into Y Combinator's Summer 2023 batch., Shipped two live products, Primer and Beacon, serving institutional CRE teams., Used by teams behind $50B+ in commercial real estate, including Bain Capital, Colliers and Public Storage.

## Products & services

- **Primer** — An AI underwriting service that ingests deal documents - offering memorandums, rent rolls, T-12s, unit-mix lists, QuickBooks exports, even handwritten notes - and converts them into structured underwriting models. Every cell is cited back to its source document, conflicts across sources are flagged, and it integrates with existing Excel workflows. Turnaround is roughly two business days from kickoff. Aimed at acquisition and brokerage teams underwriting 10+ properties per month.
- **Beacon** — A deal-sourcing and site-selection product that analyzes roughly 450,000 trade areas across the U.S. to surface self-storage acquisition and development opportunities that match a firm's custom buy-box, with 1-, 3- and 5-mile radius analysis and saved-search alerts.

## Achievements

- Accepted into Y Combinator's Summer 2023 batch.
- Shipped two live products, Primer and Beacon, serving institutional CRE teams.
- Used by teams behind $50B+ in commercial real estate, including Bain Capital, Colliers and Public Storage.
- Reported 50+ customers.
- Customer results include 3x underwriting capacity (Boardwalk Storage), turnaround cut from ~1.5 hours to ~10 minutes (LRE Management), and 9 LOIs submitted in 12 months (Global Storage Partners).

## Latest updates

- **2023-10** — Closed seed funding round (reported October 19, 2023) with backing from YC, General Catalyst and MetaProp.
- **2024-01** — Launched Primer, an AI service that turns deal documents into cited underwriting models, initially focused on self-storage transactions.
- **2025-02** — Expanded team with sales and engineering hiring across the acquisition workflow.

## Links

- Website: https://proprise.ai
- LinkedIn: https://www.linkedin.com/company/proprise

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Profile page: https://yespress.io/proprise-yc-s23
Published by YesPress — https://yespress.io
Last updated: 2026-07-30