Germany-based, PropTech1 Ventures — the first venture capital fund focused on the untapped innovation potential of Europe’s real estate industry — is opening an office in the United Kingdom following its headquarters in Berlin and offices in Munich and Zurich.
Located in the CityPoint building in the heart of London, the UK office will serve as the centre for PropTech1’s investment expansion in the UK, led by senior associate Jan Gierkes.
As an independent financial investor with over 30 shareholders consisting of leading European real estate corporates as well as medium-sized real estate companies and entrepreneurs, PropTech1 Ventures is an ideal investor for British PropTech startups planning to enter mainland Europe.
PropTech1’s structure offers the “best of three worlds”: Venture capital specialists, serial entrepreneurs from the digital sector, and real estate experts, who offer British PropTech startups access to extensive customer bases and real estate portfolios. Conversely, PropTech1 is also the ideal contact for investors looking for such a partner in a financing syndicate.
PropTech1 Ventures addresses all subsegments of the PropTech sector with typical ticket sizes between €200,000 and €3 million as initial investment. As a long-term partner with “smart money” added value, PropTech1 accompanies its portfolio companies through several financing rounds, from the seed to the growth phase.
PropTech1 Ventures will further expand its European presence and open additional offices in other European focus regions.
Stock photo from KarlosWest/Shutterstock
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