Round Hill Ventures holds first close of EUR200m proptech fund
Round Hill Ventures (RHV), has held the first close of a dedicated European PropTech Fund set to invest EUR200 million in late seed, Series B high growth ventures delivering innovation across the Built Environment.
The fund has attracted strong demand from large institutional capital, providing access to the fast growing PropTech sector for sovereign wealth and pension funds.
The new Fund is led by experienced technology investor and operator, Arnie Sriskandarajah, working alongside Round Hill Capital CEO, Michael Bickford. Since 2016, Round Hill Ventures, backed by Round Hill Capital, has been a first mover investor in the European PropTech ecosystem with a strong track record in backing global successes such as SenSat, Spacemaker AI, Allmyhomes, Plentific and Casafari.
Michael Bickford, Founder and Chief Executive Officer of Round Hill Capital, says: “We are on the cusp of major changes in global real estate as the sector evolves to match modern consumer expectations and streamline its operations. We recognised this trend early on and have become deeply ingrained in the European PropTech sector having spent many years integrating technologies into our property management businesses and building relationships with the key Tech players and, ultimately, investing in best of breed Proptech companies ahead of the curve. We see a clear market opportunity for technology centred around the modern needs of residents, and I’m excited that our fund will help address this opportunity for investors and society alike.”
Arnie Sriskandarajah, Managing Director of Round Hill Ventures, adds: “Attracting blue-chip, top tier institutional investors marks a key step in our success story as global champions of PropTech. Our investors trust our experience and recognise that technology is key to staying competitive in real estate. Our relationship with a premier, vertically integrated investment manager like Round Hill Capital means we have access to an extensive network of global real estate professionals providing us insights and access to opportunities in our selected markets.”
Round Hill Ventures will focus on the most promising PropTech innovations aiming to harness technological transformation in how people build, use, and allocate physical space, ultimately bringing benefits to consumers. The Fund strategy is supported with direct insights drawn from Round Hill Capital’s ten European offices, providing excellent access to PropTech deal flow and the ability to add value by deploying innovation across our integrated operations. RHV predominantly invests in Europe and is aiming for a portfolio size of circa 45 investments, for which it has a strong and growing pipeline of targets.
The backing of Round Hill Capital, allows Round Hill Ventures to directly accelerate the growth of suitable investments by introducing them into new markets via the firm’s global operations in investment management, development management, asset management and property management.