MetaProp Closes Latest Real Estate Tech Seed Fund, at $100M

June 22, 2021 Beth McCandry

MetaProp, a New York-based PropTech venture capital firm, has launched its latest $ 100 million seed fund in real estate technology.

MetaProp’s third fund includes exposures from institutional investors and a consortium of industry leaders from North America, Europe, the Middle East, Asia and Latin America who own and manage more than 20 billion square feet of real estate. The Limited Partners include long-term investors PGIM, Mitsui Fudosan, CBRE, Bridge Investment Group, Cushman & Wakefield and JLL Spark as well as selected new industry leaders from around the world, including Ivanhoe Cambridge, Intact Ventures, Messer and Ferguson (North America), DAMAC ( UAE), Development Bank of Japan and Sumitomo Mitsui Trust Bank (Japan), Swire Properties (Hong Kong, China), Jakarta Setiabudi Internasional (Indonesia), Eugene Corporation (South Korea) and Ananda Development (Thailand)).

Fund III initial investments include the fast-growing PropTech startups Proper.ai, Ergeon, GoFor, Dongnae, HighArc and Milo Credit.

MetaProp was founded in 2015 and is a venture capital firm that focuses on the real estate technology (“PropTech”) industry. The company manages multiple funds for both financial and strategic real estate investors, providing a pilot and test-ready sandbox of more than 15 billion square feet for all real estate investments and global markets.

Through the company and its partners, PropTech entrepreneurs tap into the broadest global real estate distribution network and curated growth support, resulting in more than 1,000 new acquaintances among clients, talent and investors per year.

MetaProp’s investment activities are complemented by community leadership, including the PropTech Place innovation hub, Columbia University’s MetaProp Accelerator programs, NYC Real Estate Tech Week and Propel by MIPIM NYC global events, and Global PropTech Confidence Index and PropTech 101 publications.

The company has invested in over 130 early-stage technology companies across the real estate value chain. The portfolio includes some of the world’s most prominent innovation leaders, including Side, Attentive, Spruce, Bowery, Briq, HqO, VergeSense and Morty.

The firm’s team members include:

Zach Aarons, Co-Founder and General Partner

Aaron Block, Co-Founder and Managing Partner