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Tishman Speyer’s Proptech Fund Secures $100M in Commitments
Tishman Speyer has secured $100 million in commitments, anchored by the National Pension Service of Korea and Investment Management Corporation of Ontario, for its first proptech venture capital fund. The venture seeks to raise up to $150 million to fund investments in technology-driven opportunities in all real estate sectors.
The Tishman Speyer Proptech Venture Fund focuses primarily on investments in early-stage companies with proven technologies and disruptive business models. It will target emerging firms that can leverage Tishman Speyer’s global portfolio, its standing as an early adopter of real estate technology and its network of relationships.
“We are in the initial stages of a profound disruption that promises to dramatically improve how our customers, partners, and vendors interact with buildings,” said Tishman Speyer CEO Rob Speyer. “The Proptech Venture Fund gives Tishman Speyer the opportunity to help shape and accelerate this ongoing transformation by championing the next generation of innovators.”
- ◦Financing
