A/O PropTech, a London, UK-based venture capital and private equity firm focused on proptech, has launched with €250 million of “permanent capital.”
According to a company statement, “We back and support emerging-technology companies, enhancing the real estate industry at large with a clear ambition to transform the sector as we know it.
“We have been operating for about a year now, preferring to remain in stealth mode to continuously shape our thesis, scale our platform and close our first series of investments. To date, A/O PropTech has backed 10 companies, in Europe, the USA, and Israel including Bricklane, Fornova and most recently Plentific – leading a $32mn Series B round in late 2019.
“A/O Proptech has been years in the making, shaped by a collection of experiences, inspirations and pain points across many different sectors: Finance, PE, Real estate, VC, Data Science, entrepreneurship – all connected by an underpinning realization that real estate can be one of the most powerful vehicles for long-lasting change globally. Housing the single largest expense for most households, real estate consumes over 40% of the world’s energy: investing in making it more accessible and greener can be very impactful.
“Our overarching vision is to leverage technology to transform the real estate industry, make it more data-driven, transparent and efficient. We invest in companies that have ambitions to tackle systemic issues and pain points of an analog and highly fragmented industry and like us believe that applying digitization, technology and data science coupled with new business models can go a long way into transforming it.”
