
MetaProp Closes Proptech Seed Fund at $100M
MetaProp, the New York-based proptech venture capital firm, has closed its latest real estate technology seed fund. The oversubscribed $100-million MetaProp Ventures III, L.P. is more than two and a half times the size of MetaProp’s second fund, which closed at $40 million in 2018.
Midtown Manhattan-based MetaProp’s third fund includes commitments from institutional investors, and a consortium of industry leaders from North America, Europe, the Middle East, Asia, and Latin America that own and manage more than 20 billion square feet of real estate.
“We’ve built the largest proptech investment portfolio, and our investment team sees more than 200 new proppech startups every month,” said Aaron Block, co-founder and managing partner at MetaProp.
He continued, “This unmatched deal flow allows our real estate limited partners to benefit from outsized investment returns, as well as exclusive access, insights and proptech startup engagement via MetaProp’s exclusive Innovation Services platform.”