PropTech1 Ventures’ €50 Million Fund Closing

YPOG advised PropTech1 Ventures on the deal.

The European venture capital fund PropTech1 announced its recent final closing. The fund, which aims to exploit untapped innovation potential of the real estate industry, reached its intended fund volume of €50 million with the final closing and was even oversubscribed due to high demand by investors.

In addition to Basler Versicherung – as the first insurance company among the fund investors – further international real estate enterprises as well as entrepreneurs from Germany, Norway, Austria and Canada joined the group of investors in the final closing. These include Dr. Martin Hintze and Rainer Bormann, partners at Sector7 Investors, Markus Ertler, Austria’s “Business Angel of the Year 2019,” Paul Schaufler, CEO of auritas Finanzmanagement, Dr. Philip Wältermann (PWI GmbH), and Jon Øyvind Eriksen, CEO of Norwegian deep-tech investor Aidiom and founder of Signicat, the leading provider of digital identity solutions in Europe. Furthermore, a private investment vehicle of Robert Cervinka, long-time managing director of various opportunistic real estate private equity funds such as ARES and Cerberus and former managing director of RREEF/ Deutsche Bank, also invested.

PropTech1 Ventures is the venture capital platform for PropTech and ConstructionTech in Europe. 

The YPOG team included Dr. Stephan Bank (Picture – Lead, Structuring), Partner; Lennart Lorenz (Regulatory), Partner; Dr. Niklas Ulrich (Regulatory), Associate and Andreas Kortendick?(Tax) Partner.

Involved fees earner: Stephan Bank – YPOG; Andreas Kortendick – YPOG; Lennart Lorenz – YPOG; Niklas Ulrich – YPOG;

Law Firms: YPOG;

Clients: PropTech1 Ventures;

Federica Tiefenthaler

Author: Federica Tiefenthaler