PropTech1 Ventures welcomes further prominent investors from the real estate industry in its first closing
Berlin, April 29, 2019 - PropTech1 Ventures, Germany's first venture capital fund focusing on European PropTech startups, is doubling its shareholder base to approximately 30 parties this month in the course of its first closing with a volume in the double-digit million range. The first PropTech1 fund will accept further investors for one more year at a maximum.
As in the past, all newly acquired shareholders are not pure financial investors, but experts from the real estate industry and the startup sector and offer PropTech1's investments strategic advantages, such as access to a broad customer base and real estate portfolio, and PropTech1 itself added value in finding and evaluating investment opportunities. PropTech1 thus underlines its character as a central PropTech platform for founders, investors, and the real estate industry. In addition, several existing shareholders from the 2018 soft closing have increased their investments.
The new shareholders of PropTech1 include Berlin Hyp, a leading German real estate and mortgage bank with EUR 27 billion in assets, as well as, through their respective investment vehicles, Paris-listed Covivio, one of the leading European real estate companies with EUR 23 billion in assets, Pandion AG, one of the leading real estate developers in Germany with a sales volume of EUR 2.5 billion, the Swiss Empira AG, one of the leading managers for institutional real estate investments in the DACH region with an investment volume of almost EUR 1.7 billion, and GIEAG Immobilien AG, a listed real estate developer. In addition, well-known real estate and startup entrepreneurs have invested in PropTech1. These include Prof. Dr. Stephan Bone-Winkel, managing partner of ceos Investment GmbH, Robin Behlau, founder & CEO of Aroundhome (formerly Käuferportal), Dr. Florian Stetter, Member of the Supervisory Board of Deutsche Wohnen SE and CEO of real estate investor RockHedge AG, Dr. Beat Schwab, former Head Global Real Estate Asset Management at Credit Suisse, and Dr. Peter Staub, CEO & founder of pom+, the leading Swiss real estate consultancy.
Press material for free use: http://bit.ly/PropTech1_Presskit
PropTech1 Management GmbH
+49 (0)30 6098890 60
About PropTech1 Ventures
PropTech1 Ventures (www.proptech1.ventures) is Germany's first venture capital fund focusing on European PropTech startups. After the real estate industry, the so-called "sleeping giant", has shied away from real innovation for decades, it now faces drastic change due to digitalization. This provides tremendous opportunities for PropTech startups focused on the optimization, digitization, and disruption of the real estate industry. The VC fund was co-founded by real estate entrepreneur Marius Marschall von Bieberstein (Managing Partner evoreal) and the Managing Partners of COOPERATIVA Venture Group, Nikolas Samios and Anja Rath, and is actively supported by its Venture Partners Dr. Beat Schwab (former Head of Global Real Estate Asset Management Credit Suisse), Andreas Wende (Managing Partner NAI apollo), Christian Vollmann (CEO & founder nebenan.de and "Business Angel of the Year 2017"), Kristofer Fichtner (co-founder Thermondo), Nicholas Neerpasch (CEO & co-founder of Doozer), and Dr. Peter Staub (CEO & founder of the real estate consultancy pom+). The shareholders of the fund so far consist of approx. 30 real estate companies and entrepreneurs from all areas of the value chain. In addition to venture capital, PropTech1 provides PropTech companies with expertise and market access from leading experts in the traditional real estate industry, PropTech scene, and venture capital sector. Through its analyst team, which covers the DACH, UK, and Nordics focus regions and monitors international trends, PropTech1 offers its fund investors access to what we consider to be the most interesting startups in the scene, proven venture capital method expertise, financial participation both through the fund as well as through direct co-investment opportunities, and the moderated exchange with other innovative real estate companies and the PropTech startups themselves.
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