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 startups involved 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.

I/ Proptech Venture Map

20190913 Proptech_Map.PNG

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-working and 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:

190906 iBuyer_GeoMap_TA_v1.png

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.

190906 RE_Alternative_Financing_TA_v1.png

a. 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.

 

b. 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.

c. 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:

Minh Q. Tran, minh@proptech.capital

Property Week : #Proptech, investor insights from Proptech Capital (@ChristopheReech)

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 5 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 firm has invested, and confirms that the fund will take the same approach it has taken to property investment and apply it to proptech over “the next three to five 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.

Capture d’écran 2018-10-08 à 09.51.05.png

#Proptech - PlaceTech "New €50m fund to boost European PropTech"

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.”

Christopher-Reech.jpg

@PropertyWeek = #Mipim2018 - @ChristopheReech launches first pan-Euro proptech fund / @PropTech_Cap

Investment guru Christophe Reech has launched the first pan-European proptech fund and is seeking to raise €50m (£44m), Property Week can reveal.

 

1824671_christophereech_406426.jpg

The Swiss-based investor has partnered his Odysseus Investments, the private equity arm of Reech Corporations, with Seed Founders to launch the ProTech Capital Fund.

The fund will invest in pan-European early-stage property-related tech companies, and will source, secure and manage investments in early-stage technology ventures in western Europe and across the continent.

Seed Founders, a technology investment company established by Insurtech investor Minh Q Tran is also establishing ProTech, a proptech accelerator and co-working hub alongside the fund. ProTech will help nurture firms as they build scale.

While the fund is initially targetting €50m, it does have an option to take over-subscriptions. The fundraising is aimed primarily at qualified institutional and corporate investors.

 

Achieve real scale

This is the latest in a series of investments by Odysseus as it seeks to build a pan-European portfolio of businesses with the potential to achieve real scale within real estate, financial derivatives and financial technology.

Reech, chairman of Reech Corporations Group, said: ”ProTech 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.”

Reech began his career in investment banking, trading derivatives for French baking giant Paribas, a role which brought him to London from his native France. He then went on to establish a series of wholesale financial businesses on behalf of Commerzbank, the German bank, and then with Nikko of Japan.

In 2007, he launched the first long/short hedge fund targeting real estate as an asset class. The £145m Iceberg Fund was launched in partnership with CBRE, and became the biggest user of these newly created synthetic property derivative instruments.

 

#PropTech Immo2.0 (@blogimmo): Proptech Capital : 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.

#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.

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 ».

Capture d’écran 2018-03-11 à 17.43.46.png

Reech Corporations Group and Seed Founders launch Europe’s first PropTech Venture Capital Fund with scaleup services

Capture d’écran 2018-03-10 à 14.54.03.png

Reech Corporations Group and Seed Founders launch Europe’s first PropTech Venture Capital Fund with scaleup services

 

●      PropTech Capital to raise 50m euros from investors

●      Partnership between Reech Corporations Group and Seed Founders

●      Pan-European fund investing in early-stage property-related tech companies

  

London and Paris, March 12th, 2018

Odysseus Investments (”Odysseus”), the private equity arm of Reech Corporations Group and Seed Founders, a technology investment company established by influential Insurtech investor Minh Q.Tran, today announce they are joining forces to launch the first ever EU-based fund to invest exclusively in PropTech businesses. The 50 million euros fund, to be called PropTech Capital (”the Fund”) will finance, identify and invest in technology companies that positively impact the property environment, either through business model or product innovation.

Minh Q. Tran, Founding Partner of Seed Founders, enjoys a strong reputation in Insurtech investing, with a particular focus on early stage startups. In parallel with PropTech Capital, he has also founded Insurtech Capital, a dedicated special purpose vehicle for (Re)insurance companies investing in startups. He is the founder of AXA Seed Factory, and served as General Partner at AXA Strategic Ventures. Minh also sits on the Boards of a number of Insurtech and PropTech start-ups.

Odysseus’ is contributing its experience in creating and nurturing businesses in the financial and technology sectors, as well as the entrepreneurial, capital markets and real estate expertise of the wider Reech Corporations Group. This is the latest in a series of investments by Odysseus as it seeks to build a pan-European portfolio of innovative businesses with potential to achieve real scale within a rapidly shifting financial services sector.

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 eco-system, helping nurture these firms as they build scale.

The Fund, initially targetting 50m euros - but with the ability to take over-subscriptions -  is aimed primarily at qualified institutional and corporate investors and will take the form of a tax-effective Early Stage Venture Capital Limited Partnership structure.

Minh Q. Tran, founder of Seed Founders said today: ”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 future-proof their businesses, and the technology savvy start ups 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, the first EU fund dedicated exclusively to PropTech seeks to address.”
Christophe Reech, chairman of Reech Corporations Group said today: ”ProTech 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.”

 

Inquiries

Reech Corporations Group

Andrew Garfield, Garfield Advisory Ltd

Phone: +44 (0) 7974982337

Email: andrew@garfieldadvisory.com

 

Seed Founders

Minh Q. Tran

Phone: +33 6 22 26 30 97

Email: communication@PropTech.capital

 

Notes to Editors

About Reech Corporations Group

Reech Corporations Group is an entrepreneurial group of businesses which is active internationally in real estate and real estate finance, wholesale and retail financial services and financial technology.

The Group was founded by Christophe Reech, the London based financier and serial entrepreneur with an established track record in creating and growing successful businesses in his chosen fields of expertise.

The Group provides a platform for supporting and developing established businesses as well as identifying new business opportunities where the Group’s skills and expertise can be profitably deployed.

 

About Seed Founders

Seed Founders is a global VC-as-aservice technology management firm focused on accelerating the growth of sustainable innovation for the property environment, through its deep global expertise and large entrepreneur networks. Seed Founders sources global venture opportunities in early-stage, (co-)invests in technology startups by providing investee companies with global strategic insights while giving investors access into new PropTech technologies.

More info: www.seedfounders.vc

 

 

 

Reech Corporations Group et Seed Founders s’associent pour lancer le premier fonds de capital-risque européen spécialisé dans la PropTech et une structure d’accompagnement dédiée.

Capture d’écran 2018-03-10 à 14.54.03.png

Reech Corporations Group et Seed Founders s’associent pour lancer le premier fonds de capital-risque européen spécialisé dans la PropTech et une structure d’accompagnement dédiée.  

 

  • PropTech Capital s’apprête à lever 50 millions d’euros auprès d’investisseurs

  • Le fonds est issu d’un partenariat entre Reech Corporations Group et Seed Founders

  • Il s’agit d’un fonds paneuropéen investissant en early-stage dans les entreprises technologiques du secteur immobilier

 

 

Londres et Paris, le 12 mars 2018

Odysseus Investments (”Odysseus”), la branche private equity de Reech Corporations Group, s’associe aujourd’hui à Seed Founders, une société d’investissement spécialisée dans les nouvelles technologies fondée par Minh Q. Tran, l’un des investisseurs les plus influents du secteur de l’Insurtech, afin de créer le tout premier fonds européen exclusivement dédié au secteur de la PropTech. Disposant d’un capital de 50 millions d’euros, PropTech Capital (”le Fonds”) aura pour mission d’identifier et de financer des entreprises technologiques qui, grâce à des produits innovant ou à un business model novateur, participent à la transformation du secteur immobilier. 

Minh Q. Tran, associé fondateur de Seed Founders, jouit d’une excellente réputation en tant qu’investisseur au sein du secteur de l’Insurtech, et dispose d’une connaissance approfondie du financement des startups en early-stage. En parallèle de PropTech Capital, il a fondé Insurtech Capital, un véhicule ad hoc dédié aux compagnies de (ré)assurance qui investissent dans les startups. Il est aussi le fondateur d’AXA Seed Factory et a travaillé chez AXA Strategic Ventures, où il exerçait la fonction de Directeur Général et General Partner. Minh siège également aux conseils d’administration de plusieurs startups des secteurs de l’Insurtech et de la PropTech.

Odysseus met ici à la fois à contribution son expérience dans la création et le développement des entreprises financières et technologiques, et l’expertise de Reech Corporations Group dans les domaines de l’entreprenariat, des marchés financiers et de l’immobilier. La création de PropTech Capital vient ainsi compléter une série d’investissements effectués par Odysseus dans l’optique de bâtir un portefeuille paneuropéen constitué d’entreprises du secteur financier innovantes et dotées d’un réel potentiel de croissance.

Le Fonds identifiera, validera et assurera la gestion d’investissements early-stage dans des entreprises technologiques basées sur tout le continent européens, grâce à une équipe de gestionnaires talentueux disposant d’une réelle expertise du secteur et d’une expérience reconnue dans le domaine du capital risque. Seed Founders crée aussi ProTech, un accélérateur disposant d’un centre de coworking permettant de relier les sociétés en portefeuille à un écosystem de technologies immobilières afin de les aider à se développer tout au long de leur croissance.

Le Fonds vise un montant initial de 50 millions d’euros, avec la possibilité d’accepter une capitalisation supérieure. Il est principalement destiné aux investisseurs institutionnels et corporates. Il prendra la forme d’une société en commandite constituées selon un modèle offrant des avantages en termes de fiscalité.  

Minh Q. Tran, fondateur de Seed Founders, déclare : ”Le secteur immobilier est aujourd’hui profondément transformé par la technologie. Néanmoins, un manque de capitaux propres sépare les entreprises et les investisseurs du secteur, qui ont besoin des nouvelles technologies pour assurer leur pérennité, et les startups innovantes en phase de démarrage, qui ont besoin de capital pour croître et développer des produits innovants. C’est là le défi que PropTech Capital, le premier fonds européen entièrement dédié la PropTech, cherche à relever.”
Christophe Reech, président de Reech Corporations Group déclare : ”PropTech Capital propose un nouveau moyen pour accéder à ce secteur d’activité. Ce qui rend ce fonds unique, c’est la combinaison de l’expertise de Minh dans le financement de la Fintech et de l’Insurtech, avec la richesse de notre histoire entrepreneuriale, de notre expérience et de notre connaissance des secteurs de la Fintech et de l’immobilier. Je ne doute pas que cette nouvelle aventure sera un grand succès.”

 

Contacts

Reech Corporations Group

Andrew Garfield, Garfield Advisory Ltd

Téléphone : +44 (0) 7974982337

Email : andrew@garfieldadvisory.com

 

Seed Founders

Minh Q. Tran

Téléphone : +33 6 22 26 30 97

Email : communication@PropTech.capital

 

A l’attention des éditeurs

A propos de Reech Corporations Group

Reech Corporations Group est un groupe international d’entreprises spécialisé dans l’immobilier et son financement, les services financiers de gros et de détail, et les technologies financières.

Le groupe a été fondé par Christophe Reech, financier londonien et serial entrepreneur ayant à son actif plusieurs créations d’entreprise réussies, qui a également accompagné le développement de nombreuses startups au sein de ses secteurs de prédilection.

Le groupe offre un cadre permettant aussi bien de soutenir et de développer des entreprises existantes que d’identifier des opportunités nouvelles pour lesquelles les compétences et l’expertise du groupe peuvent être mises à profit.

About Seed Founders

Seed Founders est une entreprise internationale de capital-risque spécialisée dans la gestion des nouvelles technologies. Elle accompagne durablement la croissance et l’innovation au sein du secteur immobilier grâce à son expertise globale et à son réseau d’entrepreneurs. Seed Founders identifie les opportunités d’investissement early-stage à travers le monde, (co)investit dans les entreprises technologiques et les accompagne grâce à ses connaissances stratégiques tout en permettant à ses investisseurs d’accéder aux technologies de la PropTech.

Plus d'info: www.seedfounders.vc