The Corporate Venture Capital-as-a-Service Influencer

#REL2020 #Proptech #Insurtech - meet @OdysseusPartner @Minh_Q_Tran at REVELATION 2020 for a discussion on #CVC

#Proptech - a view on the #VC market by @OdysseusVenture / @Proptech_Cap / @Minh_Q_Tran

A view on the 2019 Proptech market

Proptech Capital, a new venture capital fund and accelerator in Europe launched by Odysseus Alternative Ventures, shares its view on the Proptech market today through a mapping of various startupsinvolved in Proptech. This mapping is built mostly through Proptech Capital’s network and dealflow, and from the attendees of MIPIM 2018 & 2019. The geographical scope is mainly Europe, North America and Asia. The startups represented operate both in the commercial and residential real estate markets.

A definition of Proptech given by CB Insights is the following: Proptech (also referred to as property technology or real estate technology) is a set of cross-industry technologies changing the way we research, rent, buy, and manage property.

The map is divided in three main areas: Search, Supervise and Sell. These three concepts refer to the different steps in the commercial or residential real estate customer journey, both for real estate professionals and end-customers.

This article first provides explanations on each area and sub-area, and then gives further insights from Proptech Capital on some solutions of particular interest to the fund. It also gives a brief overview on some of the use cases Proptech Capital built on these solutions, and for which it is looking for strategic partners – contact Proptech Capital for detailed information.

 

Proptech Venture Map

1. Search Phase

The Search phase corresponds to activities related to searching for a property – for the end-customer to buy or for real estate agents to list them.

Brokerage Services: list and search activities carried out by an individual or a firm related to the sale or purchase of a property in exchange for a commission on the transaction.

Marketplaces: companies offering a platform designed to match two populations and make a transaction happen between them.

Data, Valuation and Analytics: companies whose activity consists of providing data, analytics and valuation tools to property managers and investors in order to enhance their opportunity-screening process and automate the valuation process, sometimes using Artificial Intelligence and data science techniques.

Virtual Viewing solutions: services dedicated at offering cutting-edge viewing technologies such as 3D and VR/AR/MR, to tour a property or improve the collaboration process in a development project.

Lease Guarantee and Financing solutions: companies offering innovative solutions to have financial access to a property, either by providing a lease guarantor or securing the financial deposit required.

 

2. Supervise Phase

The Supervise phase corresponds to activities carried out in the day-to-day activities of real estate professionals or related to the supervision of their core activities.

Investment and Crowdfinancing: this category includes platforms that allow individuals to invest in real estate, notably using blockchain, and also crowdfunding platforms that list investment opportunities for individuals to take a part in.

Manage & Operation solutions: companies in this category are providing products and services that help manage a property and supervise the relationship between landlords and tenants.

Space-as-a-Service and Smart Buildings solutions: this category includes startups building or operating a network of shared spaces – co-workingand co-living, or offering smart building solutions using Internet of Things to improve one’s use of a building.

Agent tools: companies in this category are providing real estate agents with tools to assist them in their activity.

Project Management solutions: this category refers to startups that are building products designed to help construction stakeholders manage a real estate project by offering digital and technological solutions.

 

3. Sell Phase

The Sell phase corresponds to the last step of the customer journey, where a property is sold through different channels.

iBuyer solutions: the term iBuyer refers to online estate companies able to purchase a house in a quick period of time at a discounted price and then sell it through an online channel.

Hybrid agents: this category gathers startups that are offering online brokerage services disrupting the traditional estate agency model, with no physical touchpoints and low-fixed costs to sell a property.

Insurance & Closing: startups in this category are offering insurance for homebuyers and legal services aiming at protecting the buyer against any risks during the selling process.

 

 

 

 

 

II/ Insights from Proptech Capital

From its investment theses and its convictions on where the highest growth and most innovative opportunities are, Proptech Capital has taken an interest in some of these sub-areas beyond the broader overview and done further analysis and research on relevant trends.

1) iBuyers

iBuyer solutions are one of these sub-areas.

As mentioned, the term iBuyer refers to companies able to make quick online offers at a discounted price for properties, and which then sell it at a profit through an online channel. Companies in the US such as Opendoor or Offerpad have shown that this offer could fill a gap in the market as they provided distressed sellers with a convenient and quick process to sell their property, while still having a price around 90% of the market value. They quickly gained exceptional traction and revenues, with investors confident that they would keep growing. Opendoor raised $400 million in funding in May of 2018, totalling a $1 billion dollars in equity funding, while Offerpad raised $150 million dollars in both debt and equity. Knock also raised $400m in 2018.

The iBuyer market started in the US in 2014, with the inception of Opendoor. In 2018, in the United States, iBuyer companies accounted for c. 15,000 purchases and c. 10,000 sales, for a 0.2% market share in the country. This figure comes, for a large part, from the very limited geographies in which iBuyers currently operate.

However, in Phoenix, currently the main market for iBuyers, these companies accounted for c. 6% of all transactions, showing the large potential of these companies in the US.

Their growth also led traditional actors like Zillow or Redfin to launch their own iBuyer solutions. Meanwhile, the exceptional traction of US iBuyers is contributing to the emergence of a similar trend in Europe.

Proptech Capital's analysis shows indeed that similar opportunities exist in Europe, where only few actors have this type of offer, often without having significantly scaled so far. Market trends show a growing demand for quick and efficient processes in real estate transactions, as an alternative to lengthy closes in purchases, as well as endless showings and negotiations, at a discount of 8 to 12%, which is well below those offered by traditional agents targeting "distressed" sellers. Indeed, selling a real estate asset through traditional means takes on average 4 to 6 months in Europe, with uncertainty that can make the process even longer, and a large part of sellers are ready to accept a moderate discount to avoid this. New valuation technologies using machine learning and data analytics algorithms are able to fill this gap and provide a meaningful competition to traditional real estate agents.

Below is a map summarizing the main existing iBuyers – or companies with a similar hybrid model, such as Nested – identified by Proptech Capital in the US and in Europe – i.e. a focus on the "iBuyer solutions" sub-area of the whole map:

In the context of Odysseus Alternative Venture’s Asset Building approach, Proptech Capital is considering the launch of a real estate fund that could leverage this trend with investments in residential real estate assets at a discount. This fund could target the growing demand for quicker online processes, as well as for equity release, which is another growing real estate trend in Europe caused by the aging population and the projected growth in old-age dependency ratios. Equity release indeed offers new liquidity means to seniors, as it enables owners to access their property's value for more cash in retirement, and similarly to iBuyers, equity release platforms are appearing to answer this growing demand.

With the required funding, Proptech Capital could invest in European iBuyer and equity release platforms and co-develop its own real estate valuation algorithms and sourcing strategies with them, to build a real estate portfolio and ultimately conduct an IPO that would bring NAV premium returns to its investors.

 

2) Alternative real estate financing

Another trend Proptech Capital looks at with a particular interest is the alternative financing options for property investments, both on the supply side (property development and construction) and the demand side (mortgage loans), as well as the new valuation and investment methods relative to blockchain and real estate asset tokenization.

Proptech Capital mapped the main European actors in these three areas below - i.e. a focus on the "investment & crowdfinancing" sub-area of the whole map. This mapping focuses exclusively on Europe.

 

Real Estate Asset Tokenization

The rise of blockchain, tokenization of assets and smart contracts can facilitate the development of real estate investment platforms and reduce transaction costs, making such investment more accessible. Most of the applications of blockchain in Proptech focus on using blockchain for data management or applying it for transactions.

Proptech Capital observed that there is a growing base of users that are more eager to have access to real-estate investment. On the business side, similarly to iBuyer trends, there is an incentive for real estate stakeholders to make transactions directly to reduce the cost structure in the distribution process of a real estate product. Blockchain thereby enables users to trade directly real estate assets using tokenized assets.

Meanwhile, smart contracts allow fast, secured and recorded transactions in a digital ledger that cannot be hacked, drastically reducing the number of required intermediaries.

 

Mortgage Loans 

Proptech Capital noticed a growing number of real estate debt platforms which facilitate mortgage loans for individuals or companies with debt capital from alternative financing sources, such as crowdfunding, P2P lending, or non-bank institutional debt funds. These individuals back their loans on the property they are purchasing it with or on a property they already possess. Lenders invest in these loans with flexible amounts, fast processes and low fees.

A growing demand trend for these products is based on the buy-to-let approach, for individuals seeking to increase their rental portfolio and willing to secure a bridging loan in order to purchase a property. Some platforms, such as Landbay, are specialized in these buy-to-let mortgage loans.

Indeed, traditional credit actors are increasingly selective in their mortgage financing offers for individuals or companies looking to purchase real estate assets or make property-backed loans, offering an opportunity to these platforms.

This trend is especially attractive to Proptech Capital, which identified around 10 of these alternative finance mortgage credit platforms in the EU and mapped the main ones of the graph above.

Some of the mapped actors focus exclusively on mortgage loans, while others, such as LendInvest or EstateGuru have them as one of multiple offers.

With the necessary funding, Proptech Capital aims to aggregate some of these platforms and co-develop a build-up strategy in credit mortgage with them in Europe, to accelerate their growth and to create business synergies through tech integrations and consolidations.

 

Property Development Credit 

Many actors have identified a need for property development credit and have developed platforms to provide that. Their observation is that traditional credit actors have become very rigid with credit to SMEs in construction or property development after the 2008 crisis and many of these property professionals struggle to find credit options.

These platforms provide professional property developers with access to equity and debt capital coming from private institutional investors, P2P lending and/or crowdfunding finance, depending on the platforms. As for mortgage loans, amounts are usually flexible, processes aim to be as fast as possible and fees are reduced to a minimum, in order to provide a convincing alternative to traditional investment options for investors, and to traditional liquidity means for borrowers.

As summarized by Wellesley Finance, the applications for these credit loans include:

• New residential construction/developments
• Commercial / mixed-use developments
• Medium to heavy refurbishment
• Permitted development rights
• Bespoke Bridging opportunities
• Structured finance

Similarly to credit mortgage, this opportunity could lead Proptech Capital to adopt a built-to-scale strategy with strategic funding partners, by investing with an SPV in this vertical and enabling these property development loan platforms to scale together in the European market.

 

  

About Proptech Capital

Proptech Capital was launched by Odysseus Alternative Ventures, an Asset Builder that provides emerging businesses with access to both equity and alternative finance investments.

Proptech Capital identifies and invests in technology companies that positively impact the property environment, either through their business model or product innovation.

The Fund sources, secures and manages investments into early-stage technology ventures in Europe and across the continent, supported by a team of investment management executives with deep sector expertise and venture capital experience.

For real estate corporates willing to kickstart a VC arm to innovate in Proptech outside their organization, the Fund has been designed to complement their innovation and venturing strategies.

As a result, benefits for corporates as limited partners include exclusive access to best of emerging technology startups in Proptech and facilitating opportunities for active business partnerships.

 

Contact Proptech Capital to discuss a partnership or for more information:

[email protected]

#Proptech #VC #Trends - this is how @fifthwallvc does it? Good lessons for @Proptech_Cap @OdysseusVenture @Minh_Q_Tran

On July 1-2, @OdysseusVenture is present at #MIPIMProptechEU via @Minh_Q_Tran for our #Proptech Fund named @Proptech_Cap

 

One of the Key Note that I like is the speak of @FifthWallVC with Partner @Roelof_Opperman

Most interesting investment themes that we learned are:

1. How MultiFamily Operators are working with short term rentals

2. The links between #Proptech and #Insurtech in #TitleInsurance

3. Why #REPlayers should partners with #startups?

Here are the recaps of his speech...

 

Another interesting panel is the one about startup investment trends but we know them already... More info tomorrow

#Proptech #Trends - Quelles perspectives pour la Proptech en 2019 ? @Proptech_Cap

Dans l’immobilier, l’écosystème de start-up est en effervescence. En France, l'année 2018 a notamment été marquée par les levées de fonds de Meero, d’HabX ou de Proprioo. Les investissements vont-ils continuer à croître en 2019 ? A priori, le contexte est favorable, en particulier pour les technologies liées à l’intelligence artificielle, à la blockchain ou à l’Internet des objets.

En juillet 2018, la plateforme Meero, qui a fait ses classes dans le secteur de la photo immobilière, levait 45 millions de dollars. Un chiffre peu commun dans la Proptech française, plutôt habituée à des tours de table à 6 ou 7 chiffres. Parmi les autres opérations marquantes cette année, citons les 5 millions d’euros récoltés par l’agence immobilière digitale Proprioo en mai ou les 10 millions d'euros levés en février par la start-up HabX, qui permet à des acheteurs de créer leur logement neuf sur-mesure avant la phase de construction. Rien à voir toutefois avec les sommes levées outre-Atlantique, qui se comptent parfois en milliards, à l’image du géant américain du coworking WeWork, par exemple.

Des investissements en hausse mais des frontières floues

"En 2017, 41 levées de fonds avaient été recensées dans la Proptech française, soit 106 millions d’euros au total. Cette année, nous devrions arriver à 160 millions d’investissements, mais probablement à travers moins d’opérations", explique Jérôme Revy, consulting associate chez Property Business Accelerator. Autrement dit, les investisseurs semblent avoir misé plus gros auprès d’un nombre plus réduit de bénéficiaires, privilégiant les levées de fonds de série A aux phases d’amorçage. Des chiffres qui restent toutefois relatifs tant le périmètre exact de la Proptech est difficile à circonscrire. Entre les solutions de financement de l’immobilier, celles qui servent la construction, la gestion ou la transaction, les services digitaux associés, les modèles à cheval sur deux marchés… l’écosystème est trop disparate pour s’enfermer dans une définition commune.

2019 : année record en termes d’investissements ?

"La Proptech suit la même tendance que la Fintech il y a 10 ans ou que l’Insurtech il y a 5 ans", constate Minh Q. Tran, managing partner de Proptech Capital, un nouveau fonds couplé à un accélérateur géré par Odysseus Alternative Ventures. Selon lui, ce marché est particulièrement attractif pour les start-ups et pour les investisseurs car plusieurs planètes sont alignées. "L’immobilier est un secteur très règlementé, où beaucoup d’argent est immobilisé. De plus, ce marché s’appuie sur des technologies relativement obsolètes et il a pris du retard en matière de digitalisation de ses process", observe le financier. Un terreau fertile donc. Le lancement récent de plusieurs fonds spécialisés dans l’immobilier, dont Real Estech ou Proptech Capital, ainsi que la multiplication des fonds de corporate venture (Nexity, Vinci, Bouygues, etc.), invitent à penser que les investissements ne se tariront pas en 2019. Sans compter les fonds généralistes et les business angels, qui continueront à mettre la main à la poche. "A mon sens, au moins 200 millions d’euros au total devraient être investis l’an prochain dans la Proptech sur des opérations en France", parie Jérôme Revy.

Quels domaines auront le vent en poupe ?

Parmi les tendances qui tireront leur épingle du jeu, l’intelligence artificielle au service des données arrive en tête. "Celui qui parviendra à devenir le Bloomberg de la donnée immobilière gagnera une énorme bataille. Beaucoup de start-up challengent les providers actuels avec de nouvelles sources et de nouveaux algorithmes", observe Minh Q. Tran. Les objets connectés liés à l’approche du smart building devraient également attirer les regards et les investissements. "Beaucoup de dossiers proposent d’apporter de meilleurs services dans les bureaux et/ou les logements et une meilleure rentabilité grâce aux objets connectés. La vision du coliving prend de l’ampleur", ajoute-t-il. Enfin, les plateformes blockchain commencent à sérieusement intriguer les investisseurs. Un des enjeux : réduire les délais de transaction en fluidifiant et en liquidifiant le marché. "Un peu partout dans le monde, des plateformes proposent de tokeniser une partie des assets pour les offrir à des investisseurs", conclut Proptech Capital. En vue pour 2019, des innovations de rupture, donc. 

#Proptech #Startups - funding deals in September 2018 from @Proptech_Cap @Minh_Q_Tran @ChristopheReech

#Proptech: investor insights from @ChristopheReech at @Proptech_Cap

Proptech: investor insight

By Graham Lanktree | Fri 5 October 2018

 

At the end of August, online estate agent Yopa landed £20m from investors to fuel improvements to

its online platform and continuing growth in the UK. In total, investors have poured £75m into the

platform through several rounds of funding since the  rm launched in January 2016.

 

The most recent investment in Yopa was led by dmg ventures, the venture capital arm of Daily Mail &

General Trust, which is one of a growing numbers of investors. They are among the few large, early

investors in proptech start-ups like Yopa. But while proptech is still in its infancy, it is growing – and

so too is interest from investors.

 

So what are these investors looking for and how much money are they putting into the sector?

Home ground: online estate agent Yopa received £20m from investors in August and has TV ads

featuring Mo Farah

Large cheques are expected to be written in the coming months for start-ups that investors bet will

be the next big thing.

The property industry has yet to see the level of innovation or disruption that companies such as Uber

or Apple have brought to taxis or the music industry, but some believe it might within the next 􀃣ve

years. As one investor puts it, proptech has a “huge number of applications that haven’t been touched

one bit”.

A number of investors are now focused solely on proptech. Goldacre, formerly Goldacre Ventures, is

one such company. It still holds historic family investments that David Bloom, partner at Goldacre,

says “go as far back as 34 years”, but was relaunched early this year with a view to capitalising on the

opportunities offered by proptech.

Although Bloom would not say exactly how much money Goldacre has to play with, he tells people to

“look at our track record” and the tens of millions of pounds the 􀃣rm has invested, and con􀃣rms that

the fund will take the same approach it has taken to property investment and apply it to proptech

over “the next three to 􀃣ve years”.

“It’s about maturing the product into what the sector needs. Investment is not enough”

David Bloom, Goldacre

A batch of other investors have also emerged this year and revealed plans to invest tens of millions of

pounds into new proptech ventures. In May, a new €50m (£44m) fund called PropTech Capital, led by

French investment guru Christophe Reech, was established to focus on early-stage proptech

companies. Then in June, JLL Spark announced a $100m (£76m) global venture fund to ramp up the

number of proptech start-ups it invests in worldwide.

Latest news - JLL increases tech investment with ValuD acquisition

Figures show that other investors are getting in on the action. In 2017, global investment in proptech

􀃣rms grew by 62% on the previous year with investments totalling £8.5bn, according to data from

Venture Scanner, which tracks investments in emerging technology sectors.

The growth of sector-speci􀃣c venture capital funds is an encouraging development, according to Vik

Tara, founder of the start-up PropCo, which is behind Countrywide’s lettings management software

system. He argues that proptech investors’ success depends on a deep understanding of both the

property market and tech industries.

 

“If they don’t have domain expertise, how effective will they be?” he asks.

Lack of understanding Tara has invested in three proptech start-ups and founded two of his own. When seeking funding for

his start-ups, which include the property management tool Rentr, he says it was “very timeconsuming

when we went near traditional corporate 􀃣nance” to raise cash. He attributes this to

investors’ lack of understanding about how technology could affect real estate, although he says this

is beginning to change.

“If you’re spending all your time building the technology then actually, the 􀃣t with investors is about

how good they are at trying to understand what you’re doing,” he says.

Goldacre’s Bloom agrees that the sector is gaining momentum and that investors are striving to better

understand the companies that operate within it. In early September, he spent a day listening to

pitches from 16 proptech start-ups eager to get his fund’s investment and join its business accelerator

RElab. The start-ups had been whittled down from 150 applications and covered urban logistics,

digital retail in physical spaces, transactional platforms, legal, accounting, facilities management and

general services.

 

Home front: Yopa has received £75m in investment since it launched in January 2016

In October, RElab will be taking in six to eight start-ups. “It’s not always about whether those

companies are viable and successful; it’s also what we can contribute to them,” Bloom says. “We didn’t

take one company into the cohort because we didn’t believe we were necessary for their success.”

What the fund is looking for are start-ups that have a working product and have completed promising

initial trials. “You’re asking ‘can they capture enough market share to become de facto standard?’”

Bloom says. Of Goldacre’s approach, he adds: “It’s about maturing the product into what the sector

needs. Investment is not enough. There has to be alignment and synergy where you’re able to add

more value.”

“There are a lot of interesting (proptech) products targeting different sectors of the

market” Mihir Shah, JLL Spark

Mihir Shah, an early angel investor in Uber and former vice-president at Groupon, is co-chief

executive at JLL Spark, which was created as a division of JLL in 2017. Its initial aim was to invest in

one proptech 􀃣rm at a time. However, after a year spent looking at the sector, Shah says it became

clear proptech was growing so fast that the accelerator needed to invest in a number of start-ups

globally at the same time. The realisation led it to launch a $100m global venture fund in June.

“The world of proptech is moving fast,” says Shah. “There are a lot of interesting products targeting

different sectors of the market.”

The fund aims to back 10 to 20 start-ups this year. So far in 2018 it has 􀃣nanced six companies, three

of which have been announced.

In July, it was one of several investors that put a total of $18m into Skyline AI, which aims to use

arti􀃣cial intelligence and machine learning to help investors make better commercial real estate

investment decisions and beat industry benchmarks.

In early September, Shah announced that JLL Spark had invested in transaction and deal management

software Dealpath. Later that month, the fund contributed to $2.8m in seed funding raised by start-up

Jones, which combines software and pay-as-you-go insurance products to handle liability insurance

for contractors working on building projects.

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One thing these investments have in common, Shah says, is that they will contribute to JLL’s six core

businesses. “Is this product something that can help our businesses improve their services?” is a

question he says he 􀃣nds himself asking each time he looks at a new pitch.

When asked where proptech could have the biggest, and as yet unrealised, impact, Shah points to

smart buildings. “A building is generating so much data and, with more IT developments, will

generate even more.” Using data collection and analytics “can you save energy and provide a better

experience for tenants?” he asks, noting that there is opportunity in apps that allow employees and

tenants to interact with the building.

Blockchain tech

“Another area is the ability to allow retail investors to own a piece of a commercial real estate asset,”

he says, by using blockchain technology – which creates a permanent digital public ledger of

transactions – to 􀃤oat a percentage or share of a building to smaller investors.

PropTech Capital’s Reech – who says his fund is 􀃣nalising a pipeline of three or four deals that he

hopes will be completed by the end of the year – also sees opportunity in start-ups bringing

blockchain’s public ledger to the property sector. “That is a direction we’ll be taking,” he says,

although he will not divulge details.

Source: Shutterstock/wavebreakmedia

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He adds there is only one area “where there’s a lot of interest from investors” but where they should

be wary: cryptocurrency or ‘digital dollars’. “We’ve seen a lot of start-ups trying to use

cryptocurrencies [but] we haven’t made an investment. In my view, cryptocurrency isn’t there yet.”

 

Latest news - Blockchain partnership sees Peakside launch  rst tokenized

real estate fund

Tara agrees. He says that “we don’t have a reliable and stable cryptocurrency”, making it dif􀃣cult to

make payments if the currency’s value is always 􀃤uctuating. He has 􀃣rst-hand experience. He did a

proof of concept of signing a tenancy agreement in blockchain and using a cryptocurrency to pay the

rent but it wouldn’t work because “the payment side isn’t stable”.

Using blockchain to track transactions or 􀃣le documents only marks an incremental improvement

until cryptocurrencies become part of the equation, Tara says. For start-ups to be successful, he adds,

they need to make services “much better than what’s already out there”.

The trick for investors will be to sort the proptech wheat from the chaff and back the companies

whose software is better than what’s already out there – and will prove invaluable for property

companies seeking ef􀃣ciency.

#Proptech #RENT2018 with @Proptech_Cap in the startup competition #VentureMap

#Proptech - PlaceTech "New €50m fund to boost European PropTech" @Proptech_Cap @Minh_Q_Tran @ChristopheReech

Source: Place Tech

A €50m fund called PropTech Capital has been announced, to finance, identify and invest in technology companies that positively impact the property environment, either through business model or product innovation.

It is thought the fund is the first of its kind to invest in proptech on such a large scale.

The fund is the work of Luxembourg-based Odysseus Investments, the private equity arm of Reech Corporations Group, and Seed Founders, a technology investment company established by Insurtech investor Minh Q Tran. This is the latest in a series of investments by Odysseus as it seeks to build a Europe-wide portfolio of innovative businesses within the financial services sector.

PropTech Capital will take the form of a tax-effective Early Stage Venture Capital Limited Partnership structure. The fund will source, secure and manage investments into early-stage technology ventures in Western Europe and across the Continent, supported by a team of investment management executives with deep sector expertise and venture capital experience.

Seed Founders is also establishing ProTech, a proptech accelerator and co-working hub which together with the fund will provide investee companies access to a fully-fledged property technology ecosystem, helping nurture these firms as they build scale.

Christophe Reech, chairman of Reech Corporations Group, said: “PropTech Capital offers a unique way of accessing this exciting new area of activity. What stands out about this fund is the way it marries Minh’s expertise in early-stage investing in fintech and Insurtech with our track record as serial entrepreneurs, and our experience and knowledge of both real estate and fintech. I am confident this will be a great success.”

Minh Q Tran, founder of Seed Founders, commented: “The property sector is undergoing a fundamental transformation, fuelled by technology. However an equity gap separates investors and real estate corporates, who need new technologies to futureproof their businesses, and the technology-savvy startups in early stages, who need venture capital funding to grow and accelerate product innovation with corporates. This is the challenge and the opportunity that PropTech Capital seeks to address.”

Article sur Immo 2.0 (@blogimmo) = Proptech Capital (@PropTech_Cap) : le premier fonds européen dédié à la #proptech

Reech Corporations Group et Seed Founders se sont associés afin de lancer le premier fonds de capital-risque européen spécialisé dans la proptech. Pour son lancement, Proptech Capital dispose d’un montant de 50 millions d’euros à investir dans des startups développant des solutions innovantes dans l’immobilier

LE FONDS D’INVESTISSEMENT PROPTECH CAPITAL 

Reech Corporations Group et Seed Founders sont deux fonds habitués des investissements dans des startups en « early stage ». Seed Founders a notamment été lancé par Minh Q. Tran, un investisseur réputé dans le domaine de l’insurtech (les entreprises qui mêlent les technologies aux services d’assurances). Cette expertise nous amène de notre côté à mettre ce nouveau fonds d’investissement dédié à la proptech dans la liste des institutions à suivre. Car de belles pépites pourraient sortir de celui-ci.

LA PROPTECH : LA TENDANCE DE FOND POUR 2018

En tout cas, on peut se rendre compte que la proptech continue de séduire investisseurs et professionnels du domaine. On retrouve ce terme sur de plus en plus d’actualités, dans des médias de plus en plus variés ainsi que dans de nombreux pitchs de startups souhaitant révolutionner l’immobilier. Sur les dernières semaines, on peut notamment citer Google qui accompagne un incubateur malaisien dédié lui aussi à ces startups, l’ouverture du programme MetaProp aux jeunes pousses européennes ou encore le lancement de l’incubateur de Techstars à Toronto. En somme, l’actualité de la proptech est particulièrement riche. 2018 ne fait que commencer, mais on sait déjà que le salon MIPIM PropTech, qui se déroulera à Paris les 19 et 20 juin, aura de quoi combler les attentes de ses visiteurs. 

Si vous souhaitez en apprendre plus sur la proptech, je vous invite à retrouver notre article, qui revient en détail sur la définition et les enjeux de cette nouvelle vague de startups immobilières. Vous pouvez également jeter un coup d’œil à notre compte rendu de la conférence Inman Connect sur les plus gros investissements dans l’immobilier et ce que cela signifie pour l’avenir du secteur.

 

#PropTech @AgefiFrance = PropTech Capital vient en aide aux jeunes pousses de l’immobilier

 

Stéphanie Salti, à Londres 12/03/2018 L'AGEFI Quotidien / Edition de 7H

D’une taille initiale de 50 millions d’euros, ce véhicule monté par l'ancien DG d'Axa Strategic Ventures vise à investir entre 1 et 5 millions d’euros en «early stage».

Après la fintech et l’insurtech, la vague technologique s’empare désormais de la proptech.

Pour les non initiés, la proptech s’intéresse aux jeunes pousses innovantes dans le secteur de l’immobilier au sens large : la location, la vente, la construction, la gestion des propriétés résidentielles et commerciales etc.

Actif dans le private equity depuis 20 ans, Minh Q. Tran a multiplié les partenariats verticaux dans les medias, les télécoms et plus récemment dans l’assurance avec la création de Axa Seed Factory, devenue depuis Axa Strategic Ventures.

Par le biais de sa société Seed Founders, le professionnel vient de s’associer à Odysseus, la division de private equity du groupe Reech Corporations, actif notamment dans le secteur de l’immobilier, pour lancer PropTech Capital. Reech Corporations a été créée à Londres par l’entrepreneur Christophe Reech, un ancien banquier d’investissement ayant fait ses premières armes chez BNP Paribas et Commerzbank.

« Jusqu’à présent, il existait des initiatives dans ce domaine mais qui se limitaient le plus souvent à une fonction d’incubateur » explique Minh Q. Tran, « en matière de focus industriel, PropTech Capital se présente comme le premier fonds pan-européen investissant spécifiquement dans les proptech ». Enregistré au Luxembourg, ce fonds d’un montant initial de 50 millions d’euros vise à financer principalement les entreprises early stage en Europe : « on a constaté qu’il existait un gap entre les sociétés immobilières qui essayaient d’accélérer leur transformation digitale, et de l’autre côté, les start-ups » poursuit Minh Q. Tran, « notre fonds essaie de faire le lien entre ces deux types d’acteurs ». A l’heure actuelle, les Etats-Unis concentrent la majorité des investissements dans ces sociétés immobilières mais l’Europe fait figure de terrain à défricher : « On estime à 1000 le nombre de sociétés de la proptech actuellement actives dans ce secteur en Europe » explique le fondateur de Seed Founders. PropTech Capital vise des tickets d’entrée dans une fourchette de 1 à 5 millions d’euros. Une centaine de dossiers pourrait être à l’étude très rapidement. A côté du fonds, Seed Founders a également développé l’incubateur et accélérateur ProTech : « dans le early stage, les sociétés n’ont pas forcément la capacité de discuter avec les grands groupes immobiliers » explique Minh Q. Tran, « cet accélérateur vise à leur fournir un écosystème ».