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 €27 billion in assets, as well as, through their respective investment vehicles, Paris-listed Covivio, one of the leading European real estate companies with €23 billion in assets, Pandion AG, one of the leading real estate developers in Germany with a sales volume of €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 €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.
Investor & Public Relations
PropTech1 Management GmbH
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