In addition to the launch partners already announced, such as Commerz Real, BRUNATAMETRONA Group, evoreal, JLL Spark Global Ventures, Liechtenstein Group, Otto Wulff, Scout 24 Group and Supernova Group, further leading companies from the extended real estate sector joined for the first closing: Helaba (the Landesbank Hessen-Thüringen), Schörghuber Group, the family-owned company behind Bayerische Hausbau and Paulaner Brewery among others, Halton Ventures, owner of the Halton Group, a global technology leader for indoor air solutions for demanding spaces, and the noventic group, pioneer of climate-intelligent management of real estate. Once again, numerous entrepreneurs and top managers from the scene have invested, either privately or through their private investment vehicles, such as Thomas Wiegand, Managing Director of Cerberus Deutschland Beteiligungsberatung, Thomas Zinnöcker, former Deputy CEO of Vonovia and ex-CEO of ista Energiedienstleistungen, Birgit Rahn-Werner, CEO of Indevise Group, and many more, some of whom were already announced at the end of 2022.

PT1 Early-Stage Fund II is thus now operational and invests in innovative entrepreneurs from across Europe that tackle the mega challenges of our time created by increasing scarcity of natural resources, affordable living space and skilled labour. PT1's focus is on early-stage PropTech, ConstructionTech and UrbanTech startups, also at the intersection of the real estate industry with the energy and infrastructure asset classes. In the course of this, PT1's management team will be expanded and the investment managers Konstantinos Matsoukas and Klara Ritter, who have been part of the team for several years, will be promoted to Associate Partners. Furthermore, the London office, which was already founded in 2022, will be led by Kingma Ma as Managing Director.

Based on the experience from 16 investments made out of Fund I and well over 2,500 companies analysed to date, a very good starting position, in our view, has been created for the second fund: Compared to the launch of the first fund, PT1 was able to increase its deal flow, i.e. the amount of investment opportunities, by more than 500%, the team responsible for this has grown threefold and the number of fund shareholders, who can serve the portfolio companies as door openers for customers and real estate portfolios, has increased more than sixfold*. In general, we believe that in the current market environment venture capital investors focusing on early-stage startups are finding attractive purchase prices in financing rounds, while at the same time the real estate industry's need for innovation and sustainability is demonstrably higher than ever.

"We are very pleased with the result of the first closing of our second fund and grateful for the trust of our existing as well as numerous new investors. We humbly consider this a recognition for the work done by the entire team over the past years and at the same time an incentive for the new year 2023," comments PT1 Managing Partner Anja Rath. "The real estate industry is facing multiple challenges and opportunities. Green regulation is just getting off the ground and the increasingly frequent climate incidents will only reinforce this trend. At the same time, with a continued growth in the number of prominent fund investors, we are becoming even more attractive to the best founding teams. We are very much looking forward to being able to support what we see as the most promising topics even more effectively with Fund II," adds PT1 Managing Partner Nikolas Samios.

PT1 – PropTech1 Ventures: Fueling transformative real estate technologies

PT1 – PropTech1 Ventures is all about investing in and supporting #Futurebuilders: innovative entrepreneurs from across Europe that tackle the mega challenges of our time created by increasing scarcity of natural resources, affordable living space and skilled labour. PT1 is a fully independent early-stage venture capital platform that fuels
these #Futurebuilders on their mission to apply transformative real estate technologies, generating double returns for its investors and society.

As the requirements between the asset classes real estate, infrastructure and energy converge more and more, technologies at their intersection are under high demand: Scalable net-zero modernisation of existing property in danger to become stranded assets, next-level risk assessment platforms as a reaction to exploding climate change damages or carbon capture solutions that intelligently use existing real estate to operate more efficiently are just a few examples that come to mind where the built world can have a significant impact on solving the current mega challenges.

To find, fund and fuel these innovations, PT1 has formed an agile, curious and entrepreneurial team from 7 different nationalities based in Berlin and London, with satellite offices across Europe. PT1's venture capital platform is built on profound understanding of the PropTech / ConstructionTech / UrbanTech sector thanks to 

1) our proprietary data base and deal flow on real estate innovation

2) multiple industry veterans in the team such as Klaus Freiberg (former COO Vonovia) or Timo Tschammler (former CEO JLL Germany)

3) international fund investors ranging from real estate corporates, banks, institutional investors to SMEs like Commerz Real, Baloise, Liechtenstein Group, JLL Spark or PwC, and of course

4) a growing community of #Futurebuilders young and old.