Pi Labs’ funding

pi labs funding

Realty firm Embassy Group announced on Thursday that it has invested in venture capital firm Pi Labs’ new fund that invests in proptech startups.

Established in 2014, Pi Labs was the first venture capital firm in Europe to solely invest in proptech companies.

Embassy Group has joined Pi Labs as a limited partner in its current Fund 3, the Bengaluru-based firm said in a statement not disclosing the amount of the investment.

The strategic investment will help Pi Labs enter Asia while Embassy Group will get unique access to international proptech startups.

Embassy Group COO Aditya Virwani said, ‘Our investment in Pi Labs is forward-looking, intending to identify and experiment with innovations from visionary startups to deploy in our properties, accelerate our consultative capabilities with customers, and augment Embassy Group’s legacy strengths to prepare for the next two decades.’

Embassy Group is a major developer in the country, primarily in the office market. It had also introduced the country’s first Real Estate Investment Trust (REIT). 

Pi Labs is Europe’s most active proptech VC, with more than 55 investments in its portfolio.

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