CRETI · Center for Real Estate Technology & Innovation’s Post

Who's more interested in investing in proptech firms - VCs or PE firms? According to our CEO L.D. Salmanson, "PE is all over proptech...they just can’t write small checks into early-stage ideas that may never scale or can’t return the multiple required." Per Commercial Observer private equity firms’ larger, more aggressive investments aren’t always the best fit for a field full of smaller startups like in Proptech. 🔗📚✨Read more here: https://ow.ly/WH2a50SbSsr #proptech #investing #cherre

This Week in Proptech: $80 million was invested across 24 companies at a median funding amount of $1.5 million. The Market: This week, funding across the residential and construction technology industry significantly lifted the sector, resulting in $56 million collectively invested across both sectors, representing 70% of weekly funding activity. Funding went to Pronto Housing, Parspec, Collov AI, Housi, Buildstock, and many more. 📖 Read More: creti.org 🏷 Tags: #proptech #fintech #contech #constructiontech #realestate #construction #finance #venture #innovation #startup #funding

🕚Here’s a flashback to an exciting and bold VC fund launch from 2023. 💸 In Q3 2023 London, UK based White Star Capital launch the first close of its Structured Growth Capital Fund I, a new investment strategy backed by existing and new limited partners. 🌍 #Europe and #SoutheastAsia 💡 ‘White Star Capital backs exceptional technology enabled companies building ambitious, international businesses across various sectors including #AI, #SaaS #digitalhealth, #fintech, #foodtech, #mobility, #marketplaces and #industrialtechnologies. The fund aims to invest between $5-20 million of equity and/or debt into roughly 15-20 deals. (see link in comments for the VC's Medium coverage). 📈 With over 49 team members across eight locations worldwide, White Star Capital supports investors through a platform approach to investing. The new fund is managed by Hemal Fraser-Rawal and Bryan McLoughlin. 💭 “This new fund is a complimentary addition to our existing strategies and is a natural progression of the firm’s journey to enable and support globally minded entrepreneurs in the next stage of their growth journey.” - Eric Martineau-Fortin, Managing Partner and Founder at White Star Capital 🗞️ Vishal Singh Silicon Canals - European Technology News https://lnkd.in/exdp8qmF 👏 For the #AudaciousInvestors unleashing innovation and empowering tomorrow🚀 Eric I Hemal I Bryan I Jean-Francois Marcoux I Matthieu Lattes I Nicholas Stocks I Christophe Bourque I Cristina Ventura Serra I Eddie Lee I Sanjay Zimmermann I Joe Quinn W. I Shun Nagao I Henry Davis I Jakob Schreyer I Felix Winckler I Team White Star Capital … #venturecapital #vc #funds #startups #entrepreneurs #funding #tech #uk #entrepreneurship #technology #innovation #fund #venture #equity #debt #london

PE/VC investments recorded a second consecutive year of decline in 2023. PE/VC exits, in contrast, staged a remarkable rebound in 2023. #privateequity #startup

Beco Capital, one of the leading VC firms of the region has scored its second billion-dollar exit with the sale of its entire stake in Dubai-headquartered proptech Property Finder. The shares held by Beco Capital have been bought back by Property Finder, making this one of the first transactions of its kind in the region. Property Finder was able to fund the purchase by raising $90 million in debt financing from Francisco Partners. Property Finder last secured external financing in 2018, raising $120 million in a round led by General Atlantic at a valuation close to $500 million. The firm is now buying back shares from Beco Capital at twice that valuation. VNV Global (formerly known as Vostok New Ventures) which first invested in Property Finder in 2015 exited its entire 9.5 percent stake in the company for $39 million in July 2022, which implies a valuation of $411 million. VNV Global had invested a total of ~$25 million in the firm across different rounds, mainly $20 million Series B which it led in 2015. Beco Capital first invested in Property Finder in 2013 as the first institutional investor in the startup. The firm then followed on a few years later by investing an additional sum in the real estate startup. The total amount invested by Beco Capital and the exact returns are not clear. However, Dany Farha, its co-founder and Managing Partner, described the exit as yielding “true venture returns” for their investors. Read more: https://lnkd.in/dqkDYNE3

A glimmer of hope on the horizon for Proptech? In a conversation today with another proptech founder, he told me that we are still in a Tech Winter that started in March of 2022. Raising capital in 2022 and 2023 was abysmal. As with any economic shifts, when interest rates rise and money gets tight, the investor landscape changes. I'm hopeful for 2024. And Philip Russo does great reporting at Commercial Observer. He should always be on your to-read list. --- Excited to hear your thoughts and perspectives on this. What opportunities do you see emerging in the Proptech space in the near future? Check this out: https://lnkd.in/gHXBVtaS

𝗥𝗲𝗳𝗹𝗲𝗰𝘁𝗶𝗻𝗴 𝗼𝗻 𝘁𝗵𝗲 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗹𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗞 𝗮𝗻𝗱 𝗘𝗨 As February draws to a close following that 1 extra day this leap year, I wanted to take a look back at the UK and EU investment scene to see how that market is adapting to the economic situation and to highlight those that despite all odds have managed to successfully raise investment this month. 𝗬𝗼𝗬 𝗖𝗼𝗺𝗽𝗮𝗿𝗶𝘀𝗼𝗻 𝗳𝗼𝗿 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝗨𝗞 𝟮𝟬𝟮𝟯 (𝗙𝗲𝗯)  Pre-Seed investments – 47 Seed Investments – 54 Series A Investments – 15 𝗨𝗞 𝟮𝟬𝟮𝟰 (𝗙𝗲𝗯) Pre-Seed Investments – 22 = ⬇53.2% YoY Seed Investments – 33 = ⬇38.9% YoY Series A Investments – 17 = ⬆ 13.3% YoY 𝗘𝗨 𝟮𝟬𝟮𝟯 (𝗙𝗲𝗯) Pre-Seed investments – 101 Seed Investments – 164 Series A Investments – 37 𝗘𝗨 𝟮𝟬𝟮𝟰 (𝗙𝗲𝗯) Pre-Seed investments – 44 = ⬇56.4% YoY Seed Investments – 63 = ⬇61.6% YoY Series A Investments – 22 = ⬇40.6% YoY So based on these stats, we can see that still it is proving tough to secure investment in the market and whilst there are many industries seeing success, I wanted to highlight some of the incredible businesses in the Fintech and Payments ecosystem that secured investment in this month 𝗣𝗿𝗲-𝗦𝗲𝗲𝗱 ➡Fundably – Undisclosed Pre-Seed funding – Supporting Companies secure the right business loans from between £1K - £2M ➡Clave – raising $1.6M for their smart account solution that simplifies Crypto, Account Abstraction, and asset transactions through link-sharing 𝗦𝗲𝗲𝗱 ➡LinkCy – Paris-based Startup Raises an undisclosed Seed round driving the next level of embedded finance and digital assets ➡docStribute®️ – UK-based Startup raises £820K Seed to improve customer communication engagement in line with FCA regulations.   ➡Monite - Berlin-based startup raises $6M Seed round to scale internationally with their Embedded finance automation solution enabling Invoicing, AP automation, and expense Management. 𝗦𝗲𝗿𝗶𝗲𝘀-𝗔 ➡Embat - Madrid-based Startup raises €15M to drive further growth for their cloud-based treasury management platform A massive congratulations to all of the above companies as well as all the others who landed investments last month. Looking forward to seeing what March has to bring! #Investment #Startups #Fintech #Payments #SaaS #SeedFunding #Preseed #SeriesA

The proptech sector seems to be on fire lately! I was reading an article recently and there has been an influx of venture capital with a whopping $6.12 billion invested since 2023. Investments being made in proptech From Gen AI to Business Intelligence. Investors are doubling down on the earliest stages of proptech development, by investing in Pre-Seed and Seed funding rounds. Deals in later series investments remain low, reflecting investors are looking for the most ROI. So, what's next for proptech? Do you believe this increase in funding will continue to grow? 🤔 #business #Investments #businessstrategy #venturecapitalist #investor #investing101 #investmentopportunity #startup #entrepreneurship #wealthbuilding #newsfeed #investmentstrategy #investments #VentureCapital #economy #innovation #markets #Fundraising #technology #GenerativeAI #PrivateEquity #invest #Innovation #proptech #businessintelligence #aistartups #wealth

Zurich proptech Optiml raises a $3.5 million pre-seed extension to push for decarbonization in real estate #Optiml, a Zurich-based proptech startup specializing in sustainable real estate investment and renovation strategies, has secured €3.5 million in a pre-seed extension. Led by BitStone Capital, the round also saw participation from KOMPAS VC, focusing on the construction and manufacturing industries. Existing investors, including Innovation Endeavors, the VC firm of former Google CEO Eric Schmidt, and Planet A Ventures, reaffirmed their commitment to Optiml by joining this round. Founded as a spin-off from ETH Zürich | School for Continuing Education, Optiml is co-led by CEO Dr. Evan Petkov. The company has developed a cutting-edge software platform that helps asset managers, investors, and consultants manage the complexities of decarbonizing individual buildings and entire portfolios. With a focus on achieving net-zero goals while aligning with corporate objectives, Optiml’s software delivers cost-effective and timely solutions tailored to each property. The fresh capital injection will accelerate Optiml’s growth, allowing the company to expand its team and enhance its software features to meet rising demand across the DACH region, Great Britain, and beyond. Optiml's innovative approach has already garnered significant industry recognition, including winning the ZIA Proptech of the Year Award and the Startup Awards of the W.A. de Vigier Foundation. The company has completed over 30 successful pilot projects with major industry players like AXA, Credit Suisse, and Grosvenor. The article on EU-Startups in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

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