Former GPE director of innovation James Pellatt has joined technology venture capital firm Pi Labs.
At Pi Labs, Pellatt will be a venture partner and will be tasked with deploying technology support to the firm’s investor base.
Since its formation a decade ago, Pi Labs has invested in more than 80 portfolio companies that have developed proprietary technological solutions to solve business critical issues across the built environment.
Former GPE director of innovation James Pellatt has joined technology venture capital firm Pi Labs.
At Pi Labs, Pellatt will be a venture partner and will be tasked with deploying technology support to the firm’s investor base.
Since its formation a decade ago, Pi Labs has invested in more than 80 portfolio companies that have developed proprietary technological solutions to solve business critical issues across the built environment.
These include the decarbonisation and streamlining of buildings and construction materials; optimisation of logistical supply chains; AI solutions for development sites; ESG reporting; and tools to create healthy, sustainable cities.
The company has already facilitated deployments into its LP base at a global scale. These include Contilio, the 3D AI analytics platform to monitor construction progress, which is being deployed by Aldar Properties for its $4bn Saadiyat Grove mega development in Abu Dhabi and Related Argent, which has adopted retail AI solution Adeptmind to serve customers at its shopping destination in King’s Cross, London.
Elsewhere Bosa Development has implemented Tangible, to analyse carbon data and source sustainable building materials, and Schroders Capital has partnered with Bright Spaces to reposition and digitalise their property portfolio in the Netherlands.
Faisal Butt, managing partner and founder of Pi Labs, said: “For years, we have been successfully facilitating deployments of our portfolio companies into our LP base at a global scale, and appointing James will allow us to double down and maximise opportunities for both our founders and LPs alike.
“Given James’ expertise and track record, he is well-equipped to support the ambitions of many of our international LPs who are seeking to decarbonise and digitalise portfolios.”
Pellatt said: “Net-zero targets, energy costs, labour shortages and costly development inefficiencies are just some of the reasons why developers, investors, suppliers and occupiers are looking to future proof themselves through digitalisation.
“There is overwhelming evidence from the early adopters that transforming operations through the proven innovative solutions available gives companies a considerable competitive advantage.”
