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. 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.
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.
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 fund shareholders 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 outcome of the first close of our second fund and grateful for the confidence of our incumbents and many new investors. We consider this a recognition of the work carried out by the entire team over the last few years. encouragement for the new year of 2023”, comments Anja Rath, Managing Partner of PT1.
“The real estate industry is facing many challenges and opportunities. Green regulation is just starting to take off and the increasingly frequent weather incidents only reinforce this trend. At the same time, with continued growth in the number of leading Limited Partners, we are becoming becomes even more attractive. We hope to be able to support even more effectively with Fundo II what we consider to be the most promising themes”, adds Nikolas Samios, Managing Partner of PT1.
* March 31, 2018 vs. November 30, 2022
PT1 – PropTech1 Ventures: Powering Transformative Real Estate Technologies
PT1 is a fully independent early-stage venture capital platform that fuels these #futurebuilders in their mission to apply transformative real estate technologies, generating dual returns for their investors and society.
To find, finance and nurture these innovations, PT1 formed an agile, curious and enterprising team of 7 different nationalities based in Berlin and London, with satellite offices across Europe. PT1’s venture capital platform is built on a deep understanding of the PropTech / ConstructionTech / UrbanTech sector thanks to 1) our proprietary database and deal pipeline in real estate innovation, 2) numerous industry veterans, 3) international limited partners ranging from real estate companies, banks, institutional investors to SMEs and of course 4) a growing community of #futurebuilders, young and old.