This Berlin VC closes €44M to invest in early-stage proptech startups, targets €100M

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In a latest development of news in the proptech world, Berlin-based PropTech1 Ventures has completed the first closing of its Fund II, with a target size of €100 million. A total of €44 million has been raised in the first closing, more than three times the volume of the first closing.

In addition to the launch partners already announced, such as Commerz Real, BRUNATA-METRONA Group, evoreal, JLL Spark Global Ventures, Liechtenstein Group, Otto Wulff, Scout 24 Group and Supernova Group, further leading companies from the extended real estate sector joined for the first closing: Helaba (the Landesbank Hessen-Thüringen), Schörghuber Group, the family-owned company behind Bayerische Hausbau and Paulaner Brewery among others, Halton Ventures, owner of the Halton Group, a global technology leader for indoor air solutions for demanding spaces, and the noventic group, pioneer of climate-intelligent management of real estate. 

Further, numerous entrepreneurs and managers have invested in this project, either privately or through their private investment vehicles, including Thomas Wiegand, Managing Director of Cerberus Deutschland Beteiligungsberatung, Thomas Zinnöcker, former Deputy CEO of Vonovia and ex-CEO of ista Energiedienstleistungen, Birgit Rahn-Werner, CEO of Indevise Group, and many more, some of whom were announced already by the end of 2022.

PT1 Early-Stage Fund II 

Therefore, PT1 Early-Stage Fund II is now operational and will invest in innovative entrepreneurs from across Europe who are tackling the mega challenges of our time due to the scarcity of natural resources, affordable housing, and skilled labour. 

The focus of PT1 is on startups at the early stages of the PropTech, ConstructionTech, and UrbanTech industries, as well as at the intersection between the real estate industry and energy and infrastructure assets. In the course of this, PT1’s management team will be expanded and the investment managers Konstantinos Matsoukas and Klara Ritter, who have been part of the team for several years, will be promoted to Associate Partners. Furthermore, the London office, which was already founded in 2022, will be led by Kingma Ma as Managing Director. 

Based on the experience from 16 investments made out of Fund I and well over 2,500 companies analysed to date, a very good starting position, in our view, has been created for the second fund: Compared to the launch of the first fund, PT1 was able to increase its deal flow, i.e. the amount of investment opportunities, by more than 500%, the team responsible for this has grown threefold and the number of fund shareholders, who can serve the portfolio companies as door openers for customers and real estate portfolios, has increased more than sixfold. 

Venture capital investors who focus on early-stage startups are finding attractive purchase prices in financing rounds in the current market environment, while the real estate industry is demonstrably in need of innovation and sustainability at an unprecedented level.

“We are very pleased with the result of the first closing of our second fund and grateful for the trust of our existing as well as numerous new investors. We humbly consider this a recognition for the work done by the entire team over the past years and at the same time an incentive for the new year 2023,” comments PT1 Managing Partner Anja Rath. “The real estate industry is facing multiple challenges and opportunities. Green regulation is just getting off the ground and the increasingly frequent climate incidents will only reinforce this trend. At the same time, with a continued growth in the number of prominent fund investors, we are becoming even more attractive to the best founding teams. We are very much looking forward to being able to support what we see as the most promising topics even more effectively with Fund II,” adds PT1 Managing Partner Nikolas Samios.

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