Change of guard at proptech VC Pi Labs

Pi Labs managing partner Dominic Wilson is leaving after four years with the proptech VC. He will be replaced by Pi Labs chairman and founder Faisal Butt, who will take over as chief executive of the company and look after the day to day management of the fund and its portfolio of 45 proptech companies. Wilson will remain as an adviser to the business, with a particular focus on the portfolio companies of which he is a board member. He said: “After four years, it feels like the right time for the next chapter. I’m looking forward to continuing to support the proptech community, in particular working with the Pi Labs portfolio companies whose boards I sit on.” Butt added: “Pi Labs is in a powerful position as we continue to seek and invest in the very best new proptech businesses, while nurturing our portfolio of alumni companies. I look forward to resuming a day to day role in the business, and leading Pi Labs’ next phase of growth alongside our exceptional team. We are excited as a team to continue to invest in the best early-stage proptech start-ups across the UK, Europe, and internationally.” Butt founded Pi Labs in 2015, and was one of the founding funders of online office brokerage Hubble and mortgage broker Trussle. To send feedback, e-mail samantha.mcclary@egi.co.uk or tweet @samanthamcclary or @estatesgazette