PropTech1 Ventures closes oversubscribed €50m fund

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.’