In compliance with EU internet privacy laws, exiting this message attests that you, the user, consent to the use of cookies on this website. We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • Property
    • Germany
    • United Kingdom
    • United States
    • Australia
    • India
    • ----------------
    • Europe
    • North America
    • Asia
    • Australasia
    • South & Central America
    • Africa
  • Jobs
    • Germany
    • United Kingdom
    • United States
    • Australia
    • India
    • -------------
    • Europe
    • North America
    • Asia
    • Australasia
    • South & Central America
    • Africa
  • Autos
    • Germany
    • United Kingdom
    • United States
    • Australia
    • India
    • -------------------
    • Europe
    • North America
    • Asia
    • Australasia
    • South & Central America
    • Africa
  • Conferences
  • Consulting
  • Partners
  • Sign In
  • Create Account
  • Logged In As:
    • My Account
    • Sign Out
  • Sign In
  • Create Account
  • My Account
  • Sign Out
Home » CapitaLand Forms New VC Fund for Realty Tech Startups

CapitaLand Forms New VC Fund for Realty Tech Startups

23 June 2016
Anna Game-Lopata
No Comments

CapitaLand-C31-Ventures-Announcement-resize.original imporveSingapore-based real estate company CapitaLand has formed C31 Ventures, a US$74M fund targeting growth-stage realty tech startups across the globe as a way to "build real estate of the future".

The launch of C31 Ventures follows a CapitaLand tech-scout trip to New York and San Francisco, where the group met startups including those in the Internet of Things, data analytics and virtual and augmented reality sectors.

The group also joined the Microsoft Accelerator program earlier this month as an official global network partner to provide mentorship to start-ups and gain access to new technology and ideas.

The property giant says it is prepared to invest up to $100 million through C31 Ventures, which started with a $15 million investment in the Early Stage Venture Fund III (ESVFIII) by the National Research Foundation (NRF) in May for local tech start-ups.

C31 Ventures was launched by CapitaLand President and Group CEO Lim Ming Yan at a recent networking event in San Francisco. The event attracted over 50 attendees from start-ups and venture capital firms in the Bay Area.

“C31 Ventures will allow CapitaLand to invest in promising tech start-ups that are relevant and add value to our business,” Lim says.

“CapitaLand’s portfolio of real estate assets offers a living lab to start-ups where they can validate their ideas and prototypes. Given our strong foothold in Asia, CapitaLand will also serve as a conduit for start-ups to enter the regional market, especially China.

“We are confident C31 Ventures will greatly sharpen our innovation focus on real estate and customer engagement, bolstering our efforts to develop integrated and interconnected smart buildings as well as create seamless online and offline customer experiences,” he says.bedok-residences-2

Lim adds CapitaLand is “future-proofing its business by leveraging technology to innovate and build real estate of tomorrow”.

C31 Ventures will target startups in the Series A to Series C stages of development which focus on energy, operations and maintenance; design and building materials, customer engagement and real estate funding.

They will be assessed on a combination of criteria ranging from speed to market, product and financial viability, to valuation and operational metrics.

Shortlisted startups will then be reviewed by an investment committee comprising CapitaLand  senior management and external advisers including GGV Capital Managing Partner Foo Jixun and Matrix Partners China Managing Partner  David Su.

In May, CapitaLand was selected to co-invest in the ESVFIII by the NRF, a department within the Prime Minister’s Office of Singapore.

The $25 million fund comprises $15 million from C31 Ventures and $10 million from the NRF.

Under the ESVFIII, CapitaLand will invest in Singapore tech start-ups with innovations that will enhance and complement its business.

News Property Asia Oceania Industry News Market News
  • Related Articles

    New York: MetaProp raises $40M for second PropTech VC fund

    New York's RXR Realty pushes for investors for proptech funding

Anna Game-Lopata

UK Developer Invests in Real Estate Agent Site

More from this author

Post a comment to this article

Report Abusive Comment

Next Conference

  • BANGKOK CONFERENCE

     

    26 - 27 February 2020

    Radisson Blu Plaza Bangkok, Thailand
    View All Conferences

Latest News

  • Johnspence-paulvickerstaff-paulsmith

    Former Purplebricks exec joins Spicerhaart as Managing Director

  • Shutterstock_1133982038

    REA Group's moves to stop content scraping and credential stuffing with new tech

  • Shutterstock_1126790387

    Harvard joins ArborCrowd to host panel for commercial real estate investing

  • Shutterstock_446907373

    Zolostays secures $7M led by Trifecta Capital

  • Shutterstock_743951458

    Buxton launches new tenant matching platform for the CRM

Most Popular

  • Shutterstock_1112049857

    Realestate.com.au looks to shake up industry by adopting US counterpart

  • Homsters-investment-image

    Homsters finalizes financing round led by Simon Baker and Ringier AG

  • Rhett-dallwitz-listng-loop-ceo

    Listing Loop looks to become Australia's new go-to real estate platform

  • Offerup

    OfferUp Auto reaches a new milestone as it continues to grow

  • Shutterstock_382756204

    Casavo announces end of Series B funding round with €50M

  • Home
  • Property News
  • Job News
  • Auto News
  • Conferences
  • Consulting & Venture Capital
  • Partners
  • About Us
  • Contact Us
  • Legal
  • Privacy Policy

Copyright ©2019. All Rights Reserved

Design, CMS, Hosting & Web Development :: ePublishing