Proptech1 Ventures closes second fund

The platform completed its first closing at 44 million euros.

Transformative real estate technologies are the focus of the venture capital platform Proptech1 Ventures (PT1). It has now completed the first closing of its second fund. Its target size: 100 million euros. In this first round, 44 million euros were raised: three times as much as the first closing of the first fund.

The so-called "PT1 Early-Stage Fund II" is intended to invest in start-ups from all over Europe. According to the company, they should all have one thing in common: "to face the major challenges of our time", "which arise due to the increasing scarcity of natural resources, affordable housing and a skilled workforce." The focus is also on early-stage proptech, constructiontech and urbantech start-ups. Those working at the interface between the real estate industry, energy and infrastructure will also be included.

Some launch partners had already been announced, including Commerz Real, the Brunata-Metrona Group, Evoreal, JLL Spark Global Ventures, the Liechtenstein Group, Otto Wulff, the Scout-24 Group and the Supernova Group. Further leading companies from the wider real estate sector were added to the first closing: Helaba (the Landesbank Hessen-Thüringen), the Schörghuber Group, Halton Ventures and the Noventic Group. Entrepreneurs and managers who participate privately or via their private investment vehicles have also invested. These include, for example, Thomas Wiegand from Cerberus Deutschland Beteiligungsberatung, Thomas Zinnöcker, who was once with Vonovia, and Birgit Rahn-Werner from the Indevise Group.

PT1's management team is to be expanded as part of the fund closure. The investment managers Konstantinos Matsoukas and Klara Ritter are to be promoted to Associate Partners.