AskPorter, an artificial intelligence-powered property management platform, has raised more than £500,000 from investors, including the proptech venture capital firm Pi Labs.
We caught up with Faisal Butt, founder of private equity boutique Spire Ventures, proptech venture capital firm, Pi Labs and Hamilton Bradshaw Real Estate which he co-founded with former Dragons Den star James Caan.
A property management company is the latest to receive financial backing from the venture capitalists behind online agent eMoov.
Israeli fund manager MiDeal Group has acquired the Volkswagen logistics centre in Kassel, Germany, from 90 North Real Estate Partners, for €52 million.The 90,300-square metre property, is leased to and operated by Rudolph Automotive Logistik, long-standing partners of Volkswagen.
90 North Real Estate has bought Exeter One, a student housing scheme next to the University of Exeter, from Chesterman Consultants for £18,575,000.
Property Innovation Labs (Pi Labs), an accelerator-turned-early-stage VC fund that invests in property tech startups ‘pre-Series A’, has closed a second fund of $10 million, from which it plans to make a total of 35 investments.
eMoov, one of a number of online real estate agents fighting it out in the U.K., has picked up £9 million in new backing. The round was led by consumer investment group JXC Ventures, with participation from existing investors Episode 1 VC, Maxfield Capital, Spire and Startive Ventures.
UK InsurTech startup Brolly has closed a £1m Seed round led by Valar Ventures and Pi Labs. According to TechCrunch, Entrepreneur First also took part via its £40m ‘Next Stage Fund’. Other investors in the round included Alan Morgan, chairman of MMC Ventures; Bruce Macfarlane, managing partner of MMC Ventures; Michael Mire, non-executive director of Aviva; and Christian Angermayer, founder of Apeiron Investment Group.
Online mortgage broker Trussle is proposing that a new set of industry standards be introduced to the mortgage market, to offer consumers much-needed support with switching. In a white paper published today, Trussle outlines five initial recommendations for a Mortgage Switch Guarantee, designed to address wide-scale ‘switching inertia’ and the issue of mortgage prisoners, both of which are costing UK mortgage borrowers billions of pounds every year.
Hubble, a London-headquartered a startup founded in 2014 to ride the coattails of the trend towards flexible office space, has picked up £1.2 million in new funding. Leading the round is Firestartr, with participation by 500 Startups, Maxfield Capital, and Concrete. The latter is a ‘proptech’ fund backed by Seedcamp and Starwood Capital and for which Hubble is its first tech investment.