Proptech1 launches fundraising for second real estate technology fund

The minimum threshold for a first closing of 30 million euros has already been reached.

Proptech1 (PT1) has raised 30 million euros for a start-up investment fund. A total of 100 million euros is to be raised through fundraising. The fund will focus on start-ups in the field of real estate technologies, in particular proptech, constructiontech and urbantech. Some of the money will come from new entrepreneurs and companies such as the Brunata-Metrona Group or Sprakt Global Ventures. However, there are also investors who have already contributed capital to PT1's first fund.

This first fund was closed in 2021 with a volume of 50 million euros. According to the company, it currently has 15 investments with more than 2,000 analyzed companies. Both the first and second funds focused on major industry trends such as climate resilience, sustainable transformation and energy and infrastructure issues.

Some of the 30 million euros committed to date still come from soft commitments. Nevertheless, the minimum threshold for a first closing has been exceeded and the operational launch of the fund is therefore scheduled for the beginning of next year. PT1 is based in Berlin, but also invests in the Benelux countries, Scandinavia and France.