Month: July 2023

Belgium-based fund manager AMAVI Capital, a leading pan-European PropTech investor, is delighted to announce its expansion into the Nordic region. As part of this strategic move, AMAVI Capital’s current fund, AMAVI Proptech Fund, will acquire the full portfolio of 11 companies from SF Ventures AB, a Swedish PropTech investment fund with a Nordic investment scope. This acquisition brings the total number of companies in AMAVI’s portfolio to 22, solidifying its position as a key player in the European PropTech ecosystem.

In addition to acquiring SF Ventures’ PropTech portfolio, AMAVI Capital will also partner up with the Stockholm-based team, Andreas Nordgren and Richard Lindqvist. This talented team will join AMAVI Capital to establish a dedicated Nordic branch for the group, bolstering the company’s local presence and network. This expansion signifies a significant milestone for AMAVI Capital, allowing it to broaden its geographical footprint and enhance its ability to identify and support innovative PropTech startups across Europe. This collaboration between two leading PropTech investors marks a significant step towards fostering innovation and driving sustainable growth in the European real estate technology sector.

AMAVI Capital, with its pan-European mandate, is a hands-on investor, actively supporting companies at the intersection of technology and real estate. With a deep understanding of the European property market, AMAVI Capital has successfully identified and nurtured promising PropTech ventures, driving positive change and revolutionizing the way we build, transact, use, and interact with buildings.

Andreas Nordgren and Richard Lindqvist, on the other hand, have established themselves as prominent players in the PropTech investment landscape, focusing on the Nordic region. Their portfolio includes a.o. energy optimization company Myrspoven, property management tool Pigello and AI-driven floorplan generator Laiout. With a track record of investing in early-stage PropTech companies, the team brings extensive knowledge and experience to the partnership. Their strong network within the Nordic ecosystem will be instrumental in uncovering emerging PropTech startups with high-growth potential.

Together, AMAVI Capital is committed to providing PropTech startups with the necessary capital, mentorship, and industry expertise to accelerate their growth and achieve meaningful impact. By joining forces, the two firms will enhance their ability to identify disruptive innovations, support the next generation of PropTech pioneers, and contribute to the transformation of the European real estate and construction industry.

Arne Allewaert and Frédéric Van den Weghe, Managing Partners at AMAVI Capital, commented on the expansion into the Nordics, saying: “We are thrilled to embark on this new chapter for AMAVI Capital as we expand our reach into the Nordics. The acquisition of SF Ventures’ PropTech portfolio and the establishment of our Nordic branch are significant milestones that align perfectly with our pan-European investment strategy. This strategic move enhances our capabilities to identify and support cutting-edge PropTech startups, leveraging the region’s technological advancements and sustainability drive. We are confident that AMAVI Nordics will bring added value to our investors, portfolio companies, and the broader PropTech ecosystem. Together, we look forward to driving innovation and fostering positive change in the European real estate industry.”

“We are excited to collaborate with AMAVI Capital,” commented Andreas Nordgren and Richard Lindqvist. “This partnership represents a strategic alignment of our investment philosophies and will allow us to leverage our respective strengths to unearth transformative PropTech opportunities in the Nordics and beyond. By supporting innovative startups, we aim to redefine the real estate landscape and contribute to the sustainable development of our cities.”

Today, nami, a leading multi-sensing platform and ecosystem enabler for the Internet of Things (IoT) industry, announced the close of its Series A financing round, raising $10.5 million from strategic investors including Verizon Ventures, AMAVI Capital, INSPiRE and Aconterra.

nami enables enterprise customers to rapidly deploy intelligent presence, motion, and situation-aware IoT services. The company’s full-stack platform ingests raw sensor data, augments it into actionable metadata, and uses it to trigger automation across entire IoT environment, delivering unprecedented use cases. Over the past two years, nami has developed a powerful platform for software-based sensing applications, featuring cutting-edge sensing topologies and associated intellectual property. With this new funding, nami is poised to expand its team and geographical presence to rapidly deploy its advanced digital sensing infrastructure across residential and commercial buildings on three continents.

“This funding round empowers nami to achieve our mission of building an ecosystem of AI sensors that cater to IoT players, internet service providers, insurance companies, and others across multiple verticals,” said Jean-Eudes Leroy, co-founder and CEO of nami. “Our innovative nami app brings peace of mind to families with security, safety, and wellness use cases while ensuring the utmost privacy. Additionally, our partners’ applications and dashboards utilize data from our API to enhance automation, complement their security solution and improve health outcomes in different types of environments.”

“At Verizon Ventures, we invest in companies whose innovative solutions leverage 5G and other advanced network technologies to deliver impactful new capabilities for both consumers and business customers,” said Michelle McCarthy, Managing Director at Verizon Ventures. “nami’s talented and seasoned team has laid out an impressive new vision for connected homes, transforming them into intelligent living spaces. We look forward to supporting them as they develop digital sensing infrastructure for residential and commercial buildings in Asia, Europe and North America.”

“We are thrilled to be part of the nami project, which aims to digitize walls and ceilings through non-intrusive sensing technology,” said Frédéric Van Weghe, Managing Partner at AMAVI Capital. “In the wake of the global agenda for carbon neutrality in residential and commercial buildings, the ability to deploy non-line-of-sight sensing technology across wide surfaces, detecting occupancy, is a major leap forward for the PropTech industry.”

“What a great journey to build investment foundations for nami and proactively contribute to grow its business in Japan” said Ryosuke Takatsuki, Representative Director of INSPiRE Mutualistic Symbiosis Fund. “We are very excited by our cooperation with nami in Health & Wellness space for Mimamori project in Japan. Together, we pave the way for properly aging in place thanks to the right mix of AI and IoT technologies, made easy to deploy. Just Japan itself is a target market of 26 Millions elderly households for AgeTech.”

“IoT services on motion and presence are vital to reduce the carbon footprint and to increase the safety of people in residential and commercial buildings. nami’s multi-sensing platform realizes this in a highly scalable way by using existing widely adopted technology that doesn’t require line of sight. Situation awareness of people can be a global gamechanger for many use cases including energy management, alarm detection, and elderly monitoring.”, says Ron Schuermans, founding Partner of Aconterra. “We’re thrilled to welcome nami in Aconterra’s smart building tech ecosystem and to support such an amazing team.”