The company also has been enhancing its European network by enlisting accomplished Venture Partners, such as Louise Richnau, a distinguished real estate specialist from Sweden, and Sally Jones, former Head of Strategy, Digital and Technology and member of the Executive Committee at British Land.
PropTech1 Ventures has also received recognition as the leading brand in a market survey conducted by pom+ Germany on PropTech investors’ awareness in the DACH region (Germany, Austria and Switzerland).
In January, PropTech1 Ventures announced the first close of its second fund, raising €44M. The fund received backing from several investors, such as Commerz Real, BRUNATA-METRONA Group, evoreal, JLL Spark Global Ventures, Liechtenstein Group, Otto Wulff, Scout 24 Group, Supernova Group, Helaba (the Landesbank Hessen-Thüringen), Schörghuber Group, Halton Ventures and noventic group.
Several entrepreneurs and high-level executives also contributed to the fund. These include the managing director of Cerberus Deutschland Beteiligungsberatung Thomas Wiegand, investor Thomas Zinnöcker and Indevise Group CEO Birgit Rahn-Werner.
PropTech1 Ventures has built an entrepreneurial team based in Berlin and London, with satellite offices across Europe. PT1 specialises in early-stage investments in PropTech, ConstructionTech and UrbanTech startups.
It focuses on the intersection of the real estate industry with energy and infrastructure asset classes. It typically provides initial investments ranging from €0.5M to €3M.
The company has invested in 16 ventures with Fund I. Compared to Fund 1, the VC firm reports that it has experienced a deal flow increase of over 500%.
