Berlin-based PropTech1 Ventures, who, as one might imagine specialise in proptech investments have raised €44 million in the first close of their second fund. The news follows September’s announcement of €30 million (of a targeted €100 million), in commitments from early launch partners.
The new fund aims to address major market trends such as the sustainable transformation of the real estate industry, its interplay with energy and infrastructure issues as well as the burning question of climate resilience.
In addition to the first €30 million which was composed of returning investors from Fund I such as BRUNATA-METRONA Group, evoreal, JLL Spark Global Ventures, Liechtenstein Group, Otto Wulff, Scout 24 Group, and Supernova Group, the first close welcomes the addition of Helaba (the Landesbank Hessen-Thüringen), Schörghuber Group, the family-owned company behind Bayerische Hausbau and Paulaner Brewery among others, Halton Ventures, and noventic group.
Additional participants include entrepreneurs and managers, investing either privately or through their private investment vehicles, and include Thomas Wiegand, Managing Director of Cerberus Deutschland Beteiligungsberatung, Thomas Zinnöcker, former Deputy CEO of Vonovia and ex-CEO of ista Energiedienstleistungen, Birgit Rahn-Werner, CEO of Indevise Group, and according to PropTech1 Ventures, a number of undisclosed others.
"The real estate industry is facing multiple challenges and opportunities. Green regulation is just getting off the ground and the increasingly frequent climate incidents will only reinforce this trend,” commented PT1 Managing Partner Nikolas Samios. “At the same time, with continued growth in the number of prominent LP investors, we are becoming even more attractive to the best founding teams. We are very much looking forward to being able to support what we see as the most promising topics even more effectively with Fund II.”
PropTech1 Ventures has previously invested in home renovation specialist Seniovo, furnished apartments finder Wunderflats, new construction project finder Building Radar, digital brain for smart buildings platform Thing-it, multi-family house moderniser ecoworks, and on-demand workspace network Desana.