CEO Faisal Butt wants to ‘double down’ on supporting the companies that Pi Labs invests in
The European property tech VC has announced the formation of a venture partners panel, comprised of leading industry experts from both the tech and real estate sectors, to guide its investments.
The venture partners panel brings together market-leading expertise across tech, sustainability, wellbeing, development, and asset management.
The panel will provide strategic advice to the Pi Labs team, the firm’s LPs, and portfolio companies across Europe.
The creation of this panel is the latest strategic step Pi Labs has taken as part of a broader expansion strategy led by CEO Faisal Butt and the firm’s management team. The five venture partners join over 75 mentors, 70+ portfolio company founders, and over 100 co-investors in what has evolved into the largest proptech ecosystem in Europe.
The experts who will make up the Pi Labs venture partners panel are:
Barrie Heptonstall, enterprise sales leader at IBM and angel investor, with unicorn Calm amongst his portfolio of 60 tech startups
Jon Lurie, managing partner at Realty Corporation and senior adviser at McKinsey & Company
Victoria Hill is founder and director at people development specialist PROMIND Capital
Jimmy Jia, is founder and managing partner at the Jia Group, a sustainability and climate finance consulting firm. He is also a board member of the Centre for Sustainable Energy in San Diego
Jonathan Emery served as managing director of property for Lendlease both in Europe and in Australia as well as heading up Lendlease’s global residential practice
Faisal Butt said: “Following the first close for our third fund, we have now brought together a panel of experts that will be advising Pi Labs, our portfolio companies, and our LPs and partners. The future of real estate will look very different to how it does today, with trends such as digital collaboration, flexible work, wellbeing, and sustainability emerging as central themes.
“As Pi Labs continues to grow, help our businesses grow, and identify new investment opportunities, our venture partners will provide another layer of best-in-class expertise and strategic advice. We look forward to working alongside this expert team as we continue to invest in the leading proptech start-ups across Europe and scale up the knowledge, connectivity, and value of our ecosystem for all of our stakeholders.”
Butt added: “Made up of leading tech and real estate experts, the venture partner panel is an extension of our in-house management team. We are doubling down on ‘portfolio support’ in order to achieve the best results for our LPs and growing ecosystem.”
Pi Labs has confirmed pan-European real estate investment and advisory company Realty Corporation as its newest equity partner, following an undisclosed investment by Realty into the management company of Pi Labs. This marks the latest in a series of investments by a diverse set of leading players in European real estate into Pi Labs as the firm continues to expand internationally, scale its multidisciplinary team of real estate, finance, and technology professionals, and invest into its growing platform.
Pi Labs also recently announced its eighth cohort to enter its accelerator programme as well as the first close of Fund III. Fund III is projected to invest into 50 proptech companies over five years, almost doubling Pi Labs’ portfolio to 100. Investment from the fund will range from £250,000 to £1m per deal, plus a follow-on capital capability. Pi Labs is looking to add a further six to 10 professional investors into the fund, targeting institutional investors from across the UK, Europe, North America, Asia and the Middle East.
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Author: Paul Unger