Europe’s first proptech-focused venture capital platform, Pilabs will reveal the next cohort of start-ups for the Pi Labs accelerator program will be announced this month.
Chosen from a total of 600 applications, the latest group will bring the number of start-ups Pi Labs has nurtured to 15 since its launch in 2014.
The current five include Candarin, a platform for Chinese and other international students to find accommodation; and Insight Residential, aimed at helping both property investors and professionals working in the industry.
Most recently the incubator has brought on board property start-up The Collective in a joint venture partnership to offer pre-seed investment programs for the right proptech startups.
The move comes as Pi Labs repositions from being solely an accelerator program to a Venture Capital platform investing in early stage ventures seeking funding from pre-seed stage to Series A.
Already home to a number of the UK’s leading proptech start-ups, the new Pilabs HQ at 14 Bedford Square already counts progressive interior designers DH Liberty and BamBambi among its members as well as online property auctioneer Bamboo Auctions and residential property developer IV Property.
The Pi Labs Accelerator was launched to identify, mentor, and accelerate high-calibre start-up ventures which have the passion and ability to create scalable businesses that will disrupt the property industry, and has helped launch, fund and mentor ten successful businesses since 2014.
The Collective itself is one of the most innovative property firms in the UK and operates a number of co-living and co-working spaces across the capital.
Positioning London at the forefront of the global co-living revolution, The Collective has built a 550-bed community-driven residential concept – the largest of its kind in the world – that will launch in May and offer Londoners a completely new way of living.
The 11-storey development will also house 400 entrepreneurs in a co-working space that will open in September 2016. Pi Labs will have the option of using this co-working space to tap-into the site’s community of entrepreneurs.
Apart from providing space for the Pi Labs Accelerator, The Collective will also offer mentoring to start-ups on the program alongside access to a series of business-centric events and talks which will take place at 14 Bedford Square throughout the year.