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The noventic group, pioneer of climate-smart real estate, is investing in the venture capital fund PropTech1, the European fund for the real estate industry’s untapped innovation potential. The venture capital fund has enabled the Group to gain systematic access to excellent research on real estate innovation and development trends throughout Europe.
Through this investment the noventic group of companies is opening up new access to the PropTech market, with the aim of further developing its existing business models via innovation and creating new business models for the real estate and energy industries. The noventic group is a Group of companies operating throughout Europe. The know-how of its strong, independently operating subsidiaries QUNDIS, KALO, SMARVIS and ikw, as well as the new spin-offs beyonnex.io and imovis and our strategic participation in Power Plus Communications, means that the noventic group today offers a broad spectrum of products for climate-smart real estate, from the production of metering and sensor devices to digital communication infrastructures, data management and a range of residential applications.
By taking this step, PropTech1 Ventures, the European venture capital fund for the real estate industry’s untapped innovation potential, has secured further investment capital running into millions, and has now reached around two-thirds of its maximum volume of 50 million euros. Further closings are planned by the end of 2021 at the latest. As in previous closings, the subscribers come from the various segments of the real estate value chain. Alongside the noventic group and its shareholders, this also includes other medium-sized real estate companies.
Dr. Dirk Then, Managing Director of the noventic group, comments on the investment in PropTech1: “In addition to our own R&D and M&A activities, PropTech1 offers us systematic access to excellent research on real estate innovation throughout Europe. We are impressed by their methodological quality and their in-depth knowledge of the technologies relevant to us. In addition, PropTech1 offers an attractive financial return as a further external pillar: in this respect, we see PropTech1 as the best possible VC fund and partner for us in Europe.”
Nikolas Samios, Managing Partner of PropTech1, comments: “We are delighted to have won noventic and its shareholders for us. 2021 and subsequent years will increasingly be shaped by the business opportunities surrounding new ESG regulations. Accordingly, we could hardly have gained a better new anchor investor, as of course the collective knowledge and market access of our investors further strengthen both us as a fund and the start-ups in our portfolio.”