PropTech1 Ventures closes oversubscribed €50m fund


European proptech-focused venture capital fund PropTech1 Ventures has reached its maximum fund volume of €50 mln in the final closing and was even oversubscribed due to strong demand.


In the final closing, PropTech1 welcomes Basler Insurance as its first investor from the insurance industry. In addition, the venture capital fund once again adds international real estate companies and entrepreneurs from Austria, Norway, Germany, and Canada to its investor base.

Commenting on the final closing, managing partner Anja Rath said, ‘The first fund launched by PropTech1 already features a large number of international investors, who have created a network for us and our startups from Trondheim in the north of Norway to Sofia in the southeast of Europe, as well as between San Francisco in the southwest of the USA and Montreal in the northeast of the American continent.’