Sally Jones, former Head of Strategy, Digital & Technology at British Land, becomes first British Venture Partner at PT1 – Proptech1 Ventures, expanding the UK presence of the VC platform for transformative real estate technologies
Only two years after PT1 – PropTech1 Ventures has made its first investment in the UK, it has substantially increased its British presence. The independent venture capital platform for transformative real estate technologies has now won its first prominent UK Venture Partner, Sally Jones.
PT1 – PropTech1 Ventures launches operations of second fund vintage for transformative real estate technologies with first three startup investments
After PT1 – PropTech1 Ventures successfully completed the first closing of its second fund at 44 million euros this January, the independent venture capital platform for transformative real estate technologies has now started operations by making its first three investments in the startups Voltfang, Ontik and Climate X.
If there is one good thing to say about COVID-19 is that it has had a catalytic effect on the acceptance of a new kind of work, having forced a flexible working era upon many sectors and companies. The persistent reservations against WFH – work from home – were simply wiped away by plain necessity. And many employees have gotten used to this new paradigm.
The construction and operation of real estate is the world’s largest contributor to CO2 emissions. Due to the combination of public pressure, EU regulations, capital market requirements, and customer demands, sustainability will become the megatrend of the next decades ahead.
Due to the Coronavirus, the real estate industry is facing unprecedented challenges. Failure to optimize IT structures is taking its toll. In many cases, quick digitalization can be a remedy, but not all PropTech segments will benefit equally.
PropTech and ConTech have been growing by 45% annually (CAGR) in Europe since 2014. Financing rounds in the now double-digit millions are evidence of the increasing maturity of the sector.UK is the European leader in terms of financing volume and number of deals. The DACH region, France, Spain, and the Nordics follow behind.
As a result of increased mobility and an increased emphasis on comfort, the requirements profile of modern users has changed, substantially increasing the demand for short-term rental models. The user experience of the classic rental process is insufficient, which has prompted a large number of PropTech startups to profit from the lack of flexibility in the real estate sector.