PATRIZIA AG, a leading partner for global real assets, has entered into a strategic partnership with the North American PropTech venture capital firm, Camber Creek, by participating in the final close of its Camber Creek Fund III. Camber Creek’s latest PropTech fund was oversubscribed and closed with USD 155 million (circa EUR 131 million). Its focus is on PropTech companies across the real estate value chain including construction, development, asset management and leasing.
By investing in Camber Creek, PATRIZIA has expanded its global innovation footprint which now spans three continents: Europe, Asia and the Americas. The latest move into the North American PropTech market further strengthens the company’s leading role in transforming the real estate industry, enabling full coverage of all key geographies and sectors in real estate technology.
PATRIZIA has Technology & Innovation investments in leading technologies including Pi Labs Fund III (Europe) and Taronga Ventures’ RealTech Ventures Fund (Asia), the AI platform Cognotekt; data management service provider EVANA; WiredScore, the global rating scheme for digital connectivity across commercial and residential real estate; control.IT, the market leader for asset and portfolio management software in the German-speaking region; and BrickVest, the independent, global, open industry platform for real asset investing.
Source : Company