MetaProp Closes Latest $ 100M Real Estate Technology Seed Fund

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MetaProp, New York-based venture capital firm PropTech, has closed its $ 100 million seed fund for cutting edge real estate technology.

The third MetaProp fund includes commitments from institutional investors and a consortium of industry leaders from North America, Europe, the Middle East, Asia and Latin America who own and manage more than 20 billion square feet of real estate. Limited partners include longtime investors PGIM, Mitsui Fudosan, CBRE, Bridge Investment Group, Cushman & Wakefield and JLL Spark, as well as select new category leaders from around the world including Ivanhoe Cambridge, Intact Ventures, Messer and Ferguson (North America), DAMAC (UAE), Japan Development Bank and Sumitomo Mitsui Trust Bank (Japan), Swire Properties (Hong Kong, China), Jakarta Setiabudi Internasional (Indonesia), Eugene Corporation (South Korea) and Ananda Development (Thailand). ).

Fund III’s initial investments include fast-growing startups PropTech Proper.ai, Ergeon, GoFor, Dongnae, HighArc, and Milo Credit.

MetaProp is a real estate technology venture company founded in 2015 (“PropTech”). The firm manages multiple funds for both financial and strategic real estate investors, providing a test and test sandbox of over 15 billion square feet for all types of real estate assets and the global market.

Through the firm and its partners, PropTech entrepreneurs gain access to the broadest global real estate distribution network and curated growth support, resulting in more than 1,000 new client, talent and investor connections per year.

MetaProp’s investment activities are complemented by community leadership, including the PropTech Place innovation center, Columbia University’s MetaProp Accelerator programs, NYC Real Estate Tech Week and Propel from MIPIM NYC global events, and the Global PropTech Confidence Index and PropTech 101 publications.

The firm has invested in 130+ technology companies early in the real estate value chain. The portfolio includes some of the world’s most prominent innovation leaders including Side, Attentive, Spruce, Bowery, Briq, HqO, VergeSense and Morty.

The firm’s team includes:

Zach Aarons, co-founder and general partner
Aaron Block, co-founder and managing partner
Monica O’Neill, partner
Zach Schwartzman, General Partner
Maureen Waters, partner

FinSMEs

06/22/2021

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