Just over a year ago, AMAVI Capital announced the closure of its first capital round, with more than EUR 30 million raised. On 12 July, the fund reached its next milestone, as Managing Partners Arne Allewaert and Frédéric Van den Weghe announced the closure of the final round, with the news that the AMAVI PropTech Fund stands at EUR 70 million – 10 million above its target.
A unique profile
AMAVI is a fully-independent investment fund with a pan-European footprint. As the first property technology fund in the Benelux region, and one of a handful of investors focusing solely on PropTech scale-ups in Europe, it draws its limited partners (LPs) mainly from the worlds of real estate and construction, while the presence of two institutional investors reflects the confidence of the wider market.
In its first two years AMAVI actively screened more than 750 companies and made nine investments throughout Europe. AMAVI will now expand itsportfolio to around 15 investments in innovative PropTech companies.
AMAVI knows what it takes to disrupt the largest asset class in the world: smart investment in promising scale-ups with a proven product-market fit, with an eye to the consolidation potential in a fragmented and emerging PropTech landscape.
Bridging the old and the new
An enormous gap has opened between old-school real estate and construction and the emerging PropTech movement. New technologies demand skills that the traditional industry may not possess, or are in short supply.
AMAVI bridges that gap. Its unique investor profile gives it expert insights, access to deal flow, and a distribution channel for the companies it invests in, and is mirrored in the expertise of its founders, who have backgrounds in real estate, private equity, and technology.
Over the past two years, the effects of Covid, stricter sustainability regulations, supply chain issues and inflation have all created tailwinds behind the PropTech industry. Our timing couldn’t be better.Arne Allewaert
Fixing the pain points
In formulating the AMAVI Capital vision, Arne Allewaert and Frederic Van den Weghe identified the key challenges that are driving the PropTech sector forward and are likely to become even more relevant in the future.
AMAVI is leveraging European real estate expertise and capital to build an ecosystem that tackles these problems head-on.
AMAVI is helping to grow and create the real estate sector of the future. It will soon be moving into new offices in Ghent (Belgium), and recently welcomed an additional investment analyst to the team. Arno Janssens joined in early June and will be pro-actively researching and mapping PropTech solutions that solve current pain points, are gaining traction, and are scalable.
Construction and real estate accounts for an astonishing 38% of all global CO2 emissions. It’s barely digitised at all, and productivity has been declining for half a century. Technology can’t fix all these pain points overnight, but every PropTech company in our portfolio is making a significant difference.Frédéric Van den Weghe