Pi Labs has raised $23M in the first phase of its third funding round

February 4, 2020
Share this Post: 

Pi Labs, a proptech venture capital, has ended the first part of its third funding round (Fund 3) at $23 million. 

This funding round is expected to hit its target by the end of this year, has a goal of $75 million.

Fund 3’s first close has been achieved through a commitment of institutional capital from leading real estate investment companies including FTSE-listed Great Portland Estates PLC, FTSE-listed Assura PLC, PATRIZIA AG, among the top 10 real estate investment managers in Europe and pan-European real estate fund manager Revcap, as Pi Labs raises its largest fund to date. This funding includes commitments to the new fund and the overall Pi Labs group.

Launched in 2014, Pi Labs is one of Europe’s longest standing proptech VC, with an industry-leading track record across 43 investments. Pi Labs has been the first institutional investor in some of Europe’s leading proptech companies including deal origination and due diligence platform Land Technologies, property management platform Plentific, and flexible office platform OfficeRnD.  

The third fund, which is expected to reach a final close at more than five times Pi Labs’ previous fund (Fund 2), has a primary focus to invest into early stage proptech start-ups across Europe and the UK. Active capital will also be deployed to support scaling proptech companies targeting mid to later stage investments. 

Pi Labs invests in start-ups that use technology solutions to enhance any stage of the real estate value chain. Key areas of focus for the current fund include sustainability, future of work, future of retail, commercial real estate technologies, construction technology, and smart cities.

Read more here

February 4, 2020

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Zumper Movoto Deal
US Portal Operators OJO Labs and Zumper Sign Listings Deal

The US real estate portal operator OJO Labs has announced that it has signed a listings partnership deal with rental...

Read More
Women In Tech Rea And Zoopla
REA Group and Zoopla Backing Women in Tech Initiatives

Both leading Australian portal operator REA Group and British property portal Zoopla have today announced measures to back women in...

Read More
Alma Media House Symmetry
Alma Media Q3 Figures Show a Healthy Company as Stock Trades at Record High

Alma Media, the operator of Finland's two largest real estate marketplaces, has released figures from its Q3 that show record...

Read More
Ke Holdings Layoffs
KE Holdings Lays Off Staff As Chinese Market Cools

KE Holdings, the operator of China's largest real estate marketplace and brokerage Beike, has laid off workers in Shanghai according...

Read More

Popular News