Belgium-based investment platform AMAVI Capital closes its proptech fund at €70M

Belgium-based AMAVI Capital, a proptech investment platform, announced on Tuesday that it has closed the final round of its European Proptech Fund at €70M, exceeding its target by €10M. In 2021, the firm announced the closure of its first capital round with more than €30M raised.

AMAVI’s Managing Partner, Arne Allewaert, says, “Over the past two years, the effects of Covid, stricter sustainability regulations, supply chain issues and inflation have all created tailwinds behind the proptech industry. Our timing couldn’t be better.”

The firm reports that it screened more than 750 companies and made nine investments throughout Europe in its first two years. AMAVI will now expand its portfolio to around 15 investments in innovative proptech companies.

A unique approach

AMAVI Capital aims to create a bridge between the traditional real estate industry and the groundbreaking European proptech scale-ups. Together, it claims to be building businesses that fundamentally change the places people live, work, and unwind today.

The company says, “On the one hand, we offer our real estate network the opportunity to experience the pulse of the next generation real-estate industry from the first row and to fully grasp the business opportunities that arise from it. And on the other hand, we offer our proptech companies deep industry expertise from all real estate subsectors out of different geographies and a broad array of distribution channels all over Europe, in order to successfully scale the company to the next level.”

AMAVI claims to be aware of what it takes to disrupt the world’s largest asset class: wise investment in promising scale-ups with a demonstrated product-market fit, with an eye on the consolidation possibilities in a fragmented and developing proptech sector.

What’s next for AMAVI?

The company claims that in formulating the AMAVI Capital vision, Managing Partners Arne Allewaert and Frederic Van den Weghe identified the major issues that are driving the proptech industry ahead and are anticipated to become even more important in the future.

Weghe says, “Construction and real estate accounts for an astonishing 38 per cent of all global CO2 emissions. It’s barely digitised at all, and productivity has been declining for half a century. Technology can’t fix all these pain points overnight, but every proptech company in our portfolio is making a significant difference.”

AMAVI is fostering development and establishing the real estate market of the future. It added a new investment analyst to the team and will relocate to new headquarters in Ghent, Belgium. 

Arno Janssens, who joined the company in early June, will actively look for and map out PropTech solutions that address existing problems, are gaining popularity, and are scalable.