A venture capital platform headquartered in Berlin PropTech1 presented a fund in the amount of 30 million euros to support transformational real estate technologies. Fund II will focus on supporting innovative real estate sub-sectors that fall under the category of proptech, building technology or urban technology.

It will address key market trends such as the sustainable transformation of the real estate industry, its interaction with energy and infrastructure challenges, and the pressing issue of climate resilience.

The fund will support German start-ups in their internationalization efforts in other European countries and European companies in their expansion into Germany and the UK

The company’s previous Fund I, which was oversubscribed by €50 million in 2021, will now be followed by a second fund with a target size of €100 million. The fund is expected to be operational after the first closing in early 2023.

The second fund was backed by returning investors from fund I, e.g BRUNATO-METRONA group, evoreal, JLL Spark Global Ventures, Liechtenstein Group, Otto Wolf, Scout group 24 and Supernova group.

https://tech.eu/2022/09/29/proptech1-ventures-unveils-eur30-million-fund-to-fuel-disruption-in-real-estate-sector

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