Grosvenor UK invests in Europe's largest proptech VC noa

Grosvenor’s UK property business has made its first investment in a property fund, noa.

Founded in 2019, noa (formerly A/O) focuses on technologies disrupting the real estate industry and built world, enabling its decarbonisation and positive transformation.

noa is Europe’s largest venture capital firm focused on the built world, aiming to transform the industry into a more digital, efficient, and accessible asset class. Its investment focus spans the sectors’ entire lifecycle, including supply chain, building design, construction, operations, and energy transition. 

Previous companies backed by noa include:

• Satellite Vu (a thermal data observation firm),
• Plentific (a property management software platform),
• 011H (a platform digitising the design and build process), and
• Passive Logic (which creates next-generation fully autonomous building management systems).

Since 2022, Grosvenor Property UK has been deploying capital into early-stage companies capable of accelerating the attainment of its ambitious commercial, environmental, and social impact goals. AThe firm has already made investments in Commonplace, Pupil, QFlow, and Demand Logic

Gregory Dewerpe, Founder and Managing Partner at noa, commented: 

“The built world represents 40 per cent of global carbon emissions yet receives less than 5 per cent of venture funding. 

Despite this, the last five years have seen the growth of built world tech investments outpace the wider market, and Europe is very much at the centre of the industry’s outperformance. 

We have built a strong relationship with Grosvenor over the last few years and have always been impressed by their firm wide alignment and dedication to steering innovation and sustainability in the industry.”

Andy Doyle, Director of Operations, Innovation and Strategy at Grosvenor commented:

“Fostering innovation is critical to addressing the challenges we face, including our response to climate change and its impact on our portfolio.

We’re excited to be working closely with the brilliant team at noa, leveraging their experience to help improve our access to highly relevant technologies best able to address the challenges we face and help us to deliver future growth.”

The terms of the investment were not disclosed.