Venture capitalist, A/O PropTech, has officially launched itself into the market with a €250M investment fund that will be aimed at support emerging-technology companies within the real estate industry. An announcement by the company states that it has “a clear ambition to transform the sector as we know it.”
With offices in London, Switzerland, Luxembourg, and the opening of an office in Berlin expected in 2020, A/O PropTech has operated under the radar over the past twelve months, backing ten technology companies, in Europe, the USA, and Israel. These include Bricklane, Fornova and Plentific.
In a statement the company said: “Our overarching vision is to leverage technology to transform the real estate industry, make it more data-driven, transparent and efficient.”
It also confirmed that its strategy was to invest in businesses with a focus upon sustainability in real estate, looking to fast track them “in order to accelerate their adoption across the industry.”