Venture Capitalist MetaProp Closes Third $ 100 Million Fund for Early Stage PropTech Investment
Founded in 2015, MetaProp’s investment team has invested in more than 130 technology start-ups across the real estate value chain. The MetaProp portfolio includes some of the world’s most prominent innovation leaders, including Side, Attentive, Spruce, Bowery, Briq, HqO, VergeSense, and Morty. Initial Fund III Investments Include Fast-Growing PropTech Startups Proper.ai, Ergeon, GoFor, Dongnae, HighArc, and Credit Milo.
MetaProp’s third fund includes commitments from institutional investors and a consortium of industry leaders of North America, Europe, the Middle East, Asia, and Latin America who own and manage over 20 billion square feet of real estate. Top Sponsors Include Long-Time Investors PGIM, Mitsui Fudosan, CBRE, Bridge, Cushman & Wakefield Investment Group, and JLL Spark, as well as selecting new category leaders from around the world, including Ivanhoé Cambridge, Intact businesses, Messer, and Ferguson (North America), DAMAC (UNITED ARAB EMIRATES), Development bank Japan and Sumitomo Mitsui Trust Bank (Japan), Wire properties (Hong-Kong, China), Jakarta International Setiabudi (Indonesia), Eugene Corporation (South Korea), and Ananda Development (Thailand).
“We have built the largest PropTech investment portfolio, and our investment team sees over 200 new PropTech startups every month,” said Aaron’s Block, co-founder and managing partner at MetaProp. “This unparalleled business flow enables our real estate sponsors to benefit from disproportionate returns on their investment, as well as exclusive access, information and start-up engagement PropTech through the proprietary innovation services platform. from MetaProp. “
Through MetaProp and its partners, PropTech entrepreneurs tap into the world’s largest real estate distribution network and organized growth support, resulting in over 1,000 new introductions to clients, talents and customers. investors per year.
“Technology is rapidly disrupting real estate and will transform our industry for years to come,” said PGIM Real Estate Director of Innovation, Sara shank. “As an important part of scaling our own global innovation strategy, our partnership with MetaProp accelerates our ability to stay at the forefront of technological advancements and identify likely winners among the myriad of PropTech start-ups. “
“PropTech is increasingly important in these times of the COVID-19 pandemic, associated global economic recovery and the return of workers to the office,” said MetaProp co-founder and general partner Zach Aarons. “Real estate practitioners have changed the way they value technology and innovation. What was previously a ‘good to have’ has now become a ‘must’, especially for multinationals and regional leaders in the industry. industry.
MetaProp is a new Yorkventure capital firm focused on the real estate technology sector (“PropTech”). Founded in 2015, MetaProp’s investment team has invested in more than 130 technology companies across the real estate value chain. The company manages multiple funds for financial and strategic real estate investors that represent a ready-to-pilot and test sandbox of over 15 billion square feet across all types of real estate assets and in all global markets. The company’s investing activities are complemented by pioneering community leadership, including the PropTech location innovation hub, MetaProp Accelerator at Columbia university programs, world events New York Real Estate Technology Week and Powered by MIPIM NYC, and publications PropTech Global Confidence Index and PropTech 101. For more information on MetaProp, its partners and its portfolio, visit www.metaprop.vc.