Concrete Ventures is looking to raise €100m (£86m) to invest in seed and Series A proptech startups in Europe, the Middle East and Africa. Previous UK investments made by the firm contain building sensor maker Infogrid, property development company LandTech and artificial intelligence (AI) property manager Adam. The real estate sector is entering a new age of technological innovation where winners and losers will be created by their ability to adapt and survive or thrive. Concrete is partnered with the likes of JLL Spark, Starwood Capital, Nuveen Real Estate, Greystar, SEGRO, and Kings Cross Central Limited Partnership. Combined, they have €450bn (£386bn) of assets under management.
Technology innovation has finally landed on the shores of the world’s largest asset class. Concrete works with their world-leading real estate partners and visionary start-up founders to chart stronger pathways into this exciting next 10-20 years of built environment transformation. Proptech startups have continued to scoop up more capital this year, with property investment platforms IMMO raising £57m and Shojin closing a £3m round.