In the final closing, PropTech1 welcomes Basler Insurance as its first investor from the insurance industry. In addition, the venture capital fund once again adds international real estate companies and entrepreneurs from Austria, Norway, Germany, and Canada to its investor base.

These include Dr. Martin Hintze and Rainer Bormann, partners of Sector7 Investors, Markus Ertler, Austria's "Business Angel of the Year 2019", Paul Schaufler, CEO of auritas Finanzmanagement, business angel and real estate entrepreneur Dr. Philip Wältermann (PWI GmbH), and Jon Øyvind Eriksen, CEO of deeptech investor Aidiom and founder of Signicat, the leading provider of digital identity solutions in Europe. Additionally, a private investment vehicle of Robert Červinka, long-time managing director at various opportunistic real estate private equity funds such as ARES and Cerberus as well as former managing director of RREEF/ Deutsche Bank, invested into the fund.

Commenting on the final closing of the oversubscribed fund, Managing Partner Anja Rath says, "The first fund launched by PropTech1 already features a large number of international investors, who have created a network for us and our startups from Trondheim in the north of Norway to Sofia in the southeast of Europe, as well as between San Francisco in the southwest of the USA and Montreal in the northeast of the American continent."

Managing Partner Nikolas Samios adds, "We were also able to implement our initial plan of uniting as thematically diverse investors as possible in one fund. Thus, the spectrum ranges from real estate banks, global consultants, insurance and pension funds to numerous medium-sized real estate companies and top entrepreneurs. 2022 will now be all about the further expansion and support of our portfolio before we will subsequently look at the launch of further funds."