New PropTech Accelerator Launched By Aroundtown, With noa And Fifth Wall

ATechX, a groundbreaking growth program powered by Aroundtown, in collaboration with noa (formerly A/O) and Fifth Wall, has been launched to supercharge the growth of innovative startups, providing access to unparalleled resources, expertise, and strategic partnerships.

“The built world tech ecosystem relies on early-stage startups to scale disruptive technologies that can decarbonise the world’s most polluting asset class. ATechX is a pivotal opportunity for founders to gain the mentorship and resources necessary to take their companies to the next level” said Gregory Dewerpe, Founder & Managing Partner at noa.

Utilising Aroundtown’s vast experience and network, the programme will cultivate the next class of PropTechs, offering access to Aroundtown’s extensive real estate portfolio, mentorship from industry leaders, strategic support to scale solutions, and a collaborative environment with like-minded innovators.

In an industry where technology adoption is critical to a sustainable future, the accelerator is designed to foster breakthroughs and enable rapid scale of this technology. Crafted for early stage startups that want to transform real estate with their products, ATechX focuses on ‘innovating today for tomorrow’s real estate’.

“ATechX is strongly aligned with the organization’s commitment to investing in ESG. ATechX will enable us to implement sustainable solutions in areas such as Energy, Waste, and Water, and reduce our environmental impact.” said Limor Bermann, Chief Sustainability Officer at Aroundtown.

The programme consists of an application stage, which is now open, rigorous selection process by Aroundtown leaders, followed by an investment committee of prominent VCs, Aroundtown leaders, and industry experts as the final round of vetting. Successful applicants then begin their journey of rapid scale, working in the programme to rapidly scale their ventures.

“ATechX enables us to implement new technologies that can revolutionize and continuously improve hotel operations and guest service in our hotels. Startups benefit from the real test environment and access to a strong network.”, said Kamaldeep Manaktala, CEO of Hotel Division at Aroundtown. “ATechX enables us to implement new technologies that can revolutionize guest service in our hotels and automate buildings and workflows to improve operational efficiencies. Startups earn the opportunity to test their solutions across a large portfolio of hotels across Europe. Our strong partnerships with operators will provide startups meaningful real-world insights as they build must-have solutions.”

About Aroundtown

Aroundtown is a leading real estate group specializing in investing in and managing income-generating properties primarily in the residential, commercial, and hospitality sectors. Aroundtown has a strong presence across key European markets, including Germany, the Netherlands and the United Kingdom. The company is known for its strategic focus on high-quality assets in prime locations, which are enhanced through active asset management and sustainable practices. Aroundtown’s diversified portfolio, robust financial performance, and commitment to long-term value creation make it a prominent player in the European real estate industry. With over 30 Billion Euros in assets, Aroundtown is uniquely positioned to provide deep expertise and the sandboxes required for disruptive startups to test and scale their solutions.

About Fifth Wall

Founded within 2016, Fifth Wall, a Certified B. Corp, is the largest asset manager focused on improving, future-proofing, and decarbonizing the built world. With ~$3B in commitments and capital under management, Fifth Wall is backed by a global mix of 110+ strategic limited partners from 20+ countries, including BNP Paribas Real Estate, British Land, CBRE, Cushman & Wakefield, Hilton, Hines, Host Hotels and Resorts, Kimco Realty Corporation, Lennar, Marriott International, MetLife Investment Management, MGM Resorts, Related Companies, Starwood Capital, Toll Brothers, and others. This consortium represents one of the largest groups of potential partners in the global built world ecosystem, resulting in transformational investments and collaboration with portfolio companies to cut emissions, improve efficiency, and maximize returns. Founded in Los Angeles and headquartered in New York, Fifth Wall’s other offices include San Francisco, London, and Singapore.

About noa

noa (formerly A/O) is Europe’s largest built world venture capital firm and partners with the most talented founders, engineers, executives and thought leaders on revolutionary, category-leading investments to drive disruption in real estate and positively impact the entire built world ecosystem and beyond. Launched in 2019 as A/O, noa closed its first evergreen vehicle with €250m, backed by some of the largest and most forward-thinking real estate owners, operators and family offices in Europe who share noa’s vision and commitment to improving quality of life, accelerating sustainable living, and enabling decarbonisation of the largest asset class in the world.