EUROPE’S LEADING PROPTECH VC, PI LABS, FORMS STRATEGIC RELATIONSHIP WITH CBRE
Europe’s first proptech-focused venture capital investor, Pi (Property Innovation) Labs, has formed a strategic business relationship with CBRE, the world’s largest commercial real estate services company.
The business relationship focuses on the mutual exchange of property industry expertise and insights into the emerging trends and developments in the rapidly growing proptech sector. Both parties will work closely together on mentorship opportunities with start-ups within Pi Lab’s renowned proptech accelerator programme, starting with the next cohort to join in January 2017.
Pi Labs was launched in October 2014 and has since gone on to support 16 successful proptech start-ups, in areas including planning, social housing and office management. A three-month bi-annual programme provides funding, mentoring and office space for a select cohort of new start-ups.
In addition to providing an accelerator programme, Pi Labs now represents Europe’s only venture capital platform providing investment exclusively in proptech companies that are at seed to Series A stage and are looking to take the next step in their evolution.
Our relationship with Pi Labs allows us to be at the forefront of proptech, and helps us to identify emerging technologies for the benefit of our clients and the property sector as a whole. Pi Labs has evolved rapidly since its inception and can now provide us with a unique view of the trends and new proptech innovations for all aspects of the real estate sector.
Dominic Wilson, Managing Partner of Pi Labs, said: “Our strategic relationship with CBRE in the UK will allow a fantastic cross-fertilisation of property sector insights and the very latest trends and innovations in proptech. We are delighted to welcome CBRE to our stable of top tier supporters.”
In April this year, the Pi Labs Accelerator announced a new joint venture partnership with pioneering property start-up The Collective, where the latest accelerator programme is also housed at No. 14, Bedford Square, London. Pi Labs recently announced a strategic funding partnership with Bosa Ventures, the VC arm of Bosa Properties - the largest luxury residential developer in Canada, so that start-ups coming through its accelerator programme will now have access to £100,000 in funding.
About Pi Labs
Property Innovation Labs (Pi Labs) is Europe’s first venture capital platform to invest exclusively in early stage ventures in the property tech sector. Pi Labs is based in London and invests in property tech companies globally.
Its in-house property expertise assists entrepreneurs in the rapid scaling of tomorrow’s tech-enabled property start-ups.
Pi Labs invests in property tech companies both directly, investing in Seed to Series A stage businesses, and through its accelerator programme. The Pi Labs Accelerator is a 13-week mentor led programme that accelerates the growth of exciting property tech start-ups. The accelerator business model creates a culture of innovation and mutual support between talented groups of entrepreneurial founders within the same areas of interest.
Pi Labs is led by a management team that has a unique blend of experience across the property and technology industries. For more information, visit: pilabs.co.uk.