European proptech venture capital firm launches with €250m

European proptech VC A/O PropTech has launched after raising €250 million ($273 million) permanent capital to invest in technology companies disrupting the real estate sector.

With its permanent capital approach, the firm is able to be stage agnostic and a more flexible and patient investor.

A/O PropTech invests from Series A to later growth stages in breakout companies, with the potential to transform the real estate industry through technology, data science and AI. To date, A/O PropTech has backed 10 companies, in Europe, the United States and Israel including Bricklane, Fornova and most recently Plentific — leading a $32 million Series B round in November 2019.

Some of the largest institutional real estate companies in Europe are among A/O PropTech’s investors, and combine a strategic pool of residential, commercial and hospitality assets in excess of €32 billion ($35 billion). This portfolio is used and integrated by A/O Propech as a ready-made sandb