New VC Fund To Invest In Real Estate Startups
Berlin-based PropTech1 Ventures has raised €44M in their second fund, which is due to grow to €100M. In case you’re wondering, proptech stands for property technology and refers to solutions for the real estate industry. Dozens of big names in the sector, companies and individuals, have joined the fund, which will invest in innovative entrepreneurs from across Europe, as techfundingnews reports. Fund shareholders may also open doors for the portfolio companies, for instance in customer acquisition. PT1 likes early stage startups and includes constructiontech, urbantech, the real estate industry, and energy and infrastructure assets in its scope.