Patrizia completes first close of new €100m venture capital fund

Patrizia has concluded the first near of a new €100 million undertaking money fund “Sustainable Upcoming Ventures” (SFV).

The recently introduced fund, which is the initially in a new fund sequence, is led by partners Conan Lauterpacht and Matthew Chagan.

It will concentrate on investments in technology firms that permit a more sustainable designed surroundings and will focus on late Seed to Collection B technology companies globally, with a robust focus on Europe.

Wolfgang Egger, CEO and Founder of Patrizia said: “We are delighted to see the prosperous initially shut of our new enterprise capital fund merchandise which will perform an essential role in actual asset’s journey to net-zero. Reducing our carbon footprint in design and genuine estate is the most significant obstacle of our time, so funding the businesses who are at the reducing edge of sustainable innovation is definitely critical. Besides authentic estate and infrastructure, undertaking cash as a item offers our clients the potential for attractive investment returns and strategic advantages, particularly for investors with real estate portfolios.”

The fund has already been active, investing in two companies, GBuilder and Liftango.

Headquartered in Finland, GBuilder is a Building Information Modeling (BIM) compatible customer journey management platform which maximises the value in residential sales, empowers builders and developers to deliver exceptional customer service and helps to minimise costs. The solution reduces material wastage and allows customers to understand the sustainability impact of the materials that they choose.

The second investment is in Liftango, a global company that provides market leading software to power convenient, efficient and sustainable shared transport, to ultimately reduce carbon emissions from the built environment.

Conan Lauterpacht, Partner at SFV, commented: “Our team brings a combination of investment and operations experience as well as backgrounds both in real estate and the broader technology sector. This team combined with Patrizia’s global platform is a unique proposition. We are already seeing investment opportunities sourced from Patrizia’s global team as well as opportunities to drive value for our portfolio in multiple geographies.”

Matthew Chagan, Partner at SFV, added, “The movement towards carbon neutrality in our sector will demand a significant deployment of investment that we believe will fundamentally change the economics of the built environment and accelerate the adoption of technology solutions. It’s a very exciting time to be in this space and I hope we can make a significant contribution towards reaching sustainability targets through technology.”