Real estate: PropTech1 raises 44 million euros to invest in European start-ups

PropTech1 Ventures, PropTech’s venture capital platform, completed the first close of its Fund II. At this stage, 44 million euros have already been raised out of a target of 100 million euros.

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© DR.PT1

The PropTech1 Ventures team

The PT1 Early-Stage Fund II is now operational and will start investing in innovative entrepreneurs across Europe who are tackling the challenges created by scarce natural resources and accessible space.

PropTech1 is interested in startups at the intersection of real estate and the energy world

PT1 will focus on early-stage PropTech, ConstructionTech and UrbanTech startups at the intersection of real estate and the energy and infrastructure asset classes. As part of the deal, PT1’s management team will be expanded and investment managers Konstantinos Matsoukas and Klara Ritter, who have been part of the team for several years, will be promoted to associate partners. In addition, the London office, founded as early as 2022, will be led by Kingma Ma as managing director.

» The real estate sector faces multiple challenges and opportunities. Green regulations are just starting to take off, and increasingly frequent weather incidents only reinforce this trend. At the same time, with the continued growth in the number of leading Limited Partners, we are becoming even more attractive. We look forward to being able to support even more effectively what we consider to be the most promising themes with Fund II. “, adds Nikolas Samios, managing partner of PT1.

Real estate companies participate in fundraising

In addition to the launch partners already announced, such as Commerz Real, Brunata-Metrona Group, evoreal, JLL Spark Global Ventures, Liechtenstein Group, Otto Wulff, Scout 24 Group and Supernova Group, other companies in the real estate sector have partnered for the first closing: Helaba (the Landesbank Hessen-Thüringen), the Schörghuber group, the family business behind, among others, Bayerische Hausbau and the Paulaner brewery, Halton Ventures, owner of the Halton group, specialist in indoor air and the noventic group, a pioneer in management smart buildings. Again, many leaders and entrepreneurs invested, privately, such as Thomas Wiegand, managing director of Cerberus Deutschland Beteiligungsberatung, Thomas Zinnöcker, former deputy managing director of Vonovia and former CEO of ista Energiedienstleistungen, Birgit Rahn-Werner, CEO of the Indevise Group and much more.

44 million euros raised from a target of 100 million euros

Based on the experience gained from the 16 investments made by Fund I and over 2,500 companies analyzed to date, the second fund is off to a great start with €44 million already raised towards a target of €100 million.

With the launch of the first fund, PT1 increased the number of investment opportunities by more than 500%. The responsible team saw its workforce triple and the number of shareholders in the fund multiplied by more than six. Generally speaking, in the current market situation, venture capitalists who focus on early-stage start-ups are finding attractive bid prices in funding rounds, while at the same time the need for industry innovation and sustainability real estate is bigger than ever.

» We are very pleased with the result of the first close of our second fund and grateful for the confidence of our incumbents as well as many new investors. We see this as recognition of the work done by the entire team over the last few years and at the same time an incentive for the new year of 2023”, commented Anja Rath, Managing Partner of PT1.

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