New European proptech VC launches with €250m fundraise
A new European proptech venture capital firm, A/O Prop Tech, has launched after raising €250m to pump into start-ups.
A/O Prop Tech will look to back companies at Series A stages and above providing technology, data science and AI solutions.
The VC has already made investments in 10 companies across the US, Europe and Israel including Bricklane Fornova, and led a $32m fund raising round in November last year for Plentific.
A new European proptech venture capital firm, A/O Prop Tech, has launched after raising €250m to pump into start-ups.
A/O Prop Tech will look to back companies at Series A stages and above providing technology, data science and AI solutions.
The VC has already made investments in 10 companies across the US, Europe and Israel including Bricklane Fornova, and led a $32m fund raising round in November last year for Plentific.
Gregory Dewerpe, founder of A/O PropTech, said: “The disruption of the real estate industry is a long-term secular trend, which we view as a generational opportunity.
“We are dedicated to backing visionary, bold and resilient entrepreneurs, building a powerful ecosystem with fellow VCs, and endeavour to make a positive impact.”
According to Metaprop’s Global PropTech Confidence Index released earlier this week, the number of investors looking to cash in on proptech has fallen.
The report, put together in partnership with the Real Estate Board of New York and RICS, surveyed over 2,300 investors and proptech companies and revealed that 45% of investors plan to make more investments in 2020 compared with 2019.
This is down 15 percentage points compared with this time last year, when 60% of investors were expecting to make more investments into proptech in 2019 compared with 2018.
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