PATRIZIA partners with European PropTech VC firm

PATRIZIA AG has partnered with PropTech VC Pi Labs and has participated in company's third fund which will invest in early stage PropTech start-ups across Europe.

PATRIZIA’s investment reflects its ongoing commitment to expand its global innovation ecosystem with like-minded partners including, amongst others, VC firms, universities and think tanks, to foster collaboration with leading PropTech businesses in order to create additional value for its clients and the industry.

 
Aligning closely with PATRIZIA’s dedicated Technology & Innovation activities and partnering with Pi Labs will further expand PATRIZIA’s access to innovative PropTech start-ups at an early stage. This strengthens the company’s leading position to spearhead the technological transformation of the real estate industry. As a well-experienced sparring-partner for start-ups, the partnership will also allow PATRIZIA to further shape the operational evolution of early stage companies to jointly support the growth of their solutions.
 
Faisal Butt, CEO, Chairman and Founder of Pi Labs, says: “We are excited to gain PATRIZIA as a strategic investor in Pi Labs’ Fund 3. PATRIZIA adds value to our start-ups through its global reach and substantial real estate expertise as well as its forward-looking internal set-up and vision. We look forward to working with PATRIZIA’s dedicated Technology & Innovation team and to jointly identifying best solutions for their portfolio and services.”
 
Launched in 2014, Pi Labs is Europe’s longest standing PropTech VC and has an industry-leading track record across 43 investments. Since then, Pi Labs has gained a reputation for often being the first institutional investor in some of Europe’s leading PropTech companies. Widely known as one of the top investors in PropTech start-ups, Pi Labs provides unparalleled strategic support to its portfolio companies to help them scale.
 
Dr Manuel Käsbauer, Chief Technology & Innovation Officer at PATRIZIA, commented: “We continue to be at the forefront of real estate innovation and this partnership will contribute to spotting tomorrow’s trends and in shaping the future of our industry – a sector which will increasingly be driven by technological advancements that improve overall efficiency, quality and transparency.
 
“Partnering with Pi Labs we will jointly nurture and learn from the next generation of PropTech enterprises. Our investment in Pi Labs’ will increase our global tech coverage to identify new solutions, which will help further improve the services we provide to our clients.”
 
The investment also adds to PATRIZIA’s existing involvement in the PropTech sector including AI platform Cognotekt data management service provider EVANA, WiredScore, the global rating scheme for digital connectivity across commercial and residential real estate, control.IT, the market leader for asset and portfolio management software in the German-speaking region, and BrickVest, the independent, global, open industry platform for real asset investing.