Round Hill Ventures (RHV), backed by Round Hill Capital, has announced the first close of a dedicated European PropTech Fund set to invest €200m in Late Seed – Series B high growth ventures delivering innovation across the Built Environment.
Round Hill said the fund has attracted strong demand from large institutional capital, providing access to the fast growing PropTech sector for sovereign wealth and pension funds.
“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,” commented Michael Bickford, Founder and Chief Executive Officer of Round Hill Capital.
“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, said Arnie Sriskandarajah, Managing Director of Round Hill Ventures.
Round Hill Ventures aimd to 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. 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.