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 content focus of the fund is to be on startups in the field of real estate technologies, in particular Proptech, Constructiontech and Urbantech. The money will come from partly new entrepreneurs and companies such as the Brunata-Metrona Group or Sprakt Global Ventures. But there are also investors again who contributed capital to PT1's first fund.

This first fund was closed in 2021 at an amount of 50 million euros. There according to own data at present 15 Investments with more than 2000 analyzed enterprises run. Both the first and the second fund focused on the major trends in the sectors such as climate resilience, sustainable transformation and energy and infrastructure themes.

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