Europe’s A/O PropTech VC launches with €250M to invest in startups disrupting real estate and tackle climate change
A/O PropTech, Europe’s largest property technology venture capital firm, announced its official launch with €250 million capital to invest in startups disrupting real estate. PropTech backs and supports companies from late-stage seed to IPO. We’re comfortable with the rough imperfection of a new venture. It enables founders to create, iterate and scale disruptive tech-enabled products and platforms.
Founded last year by Gregory Dewerpe, the London-based A/O PropTech invests permanent capital in supporting entrepreneurs and companies shaping the future of real estate, across all segments of the ecosystem, from series A to IPO. A/O PropTech has amongst its investors some of the largest RE groups in Europe, enabling game-changing support and scale for portfolio companies across Residential (single and multi-family), commercial, retail, hospitality, and development. It has offices in London, Luxembourg and Switzerland. Plans to open Berlin offices will in 2020.
The startup combines deep real estate expertise, data science and strategic management expertise, and financial engineering with a €30bn strategic real-estate portfolio. A/O PropTech’s vision is underpinned by a commitment to tackle climate related issues, as the real estate industry consumes 40% of the world’s energy and raw materials.
A/O PropTech is looking to invest in startups at Series A stage onwards, which have the potential to transform the real estate industry through technology, data science and AI. Its mission is to take on climate change through its investments, knowing that the real estate sector emits 30% of global CO. By funding proptech startups working on emerging technologies, enabling decarbonisation and sustainability in real estate, it hopes to make a difference.
To date, A/O PropTech has backed 10 companies, in Europe, USA, and Israel including Bricklane, Fornova and most recently Plentific, leading a €29.2 million Series B round in November 2019. In the next few weeks, the VC will be announcing additional investments at the intersection of proptech and climate tech, with a European sovereign institution partnering alongside.
Led by a multidisciplinary team, A/O PropTech employs real estate, finance, data, mathematician and engineering professionals. Its senior management team has previously led large scale digital transformation projects for global banking, automotive and luxury retail groups. This expertise is applied to support its institutional real estate investors transition into more digital and data driven organisations.