Greensoil PropTech Ventures has launched a new fund, known as Greensoil PropTech Ventures Fund II (GSPV Fund II), that will invest in technologies to make the real estate industry more sustainable.
The fund will invest entirely in proptech. Greensoil said the fund has raised about half of its $100 million target at its first closing, which was anchored by the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers. The first closing also included several new and returning investors, including an affiliate of Starlight Investments.
“The initial closing of Greensoil PropTech Ventures Fund II comes at a time of significant opportunity and adversity for the real estate industry and the global economy, and the need for innovation has never been greater,” said Kristopher Wojtecki, managing director, real estate investments at PSP Investments. “PSP’s partnership with Greensoil, and anchor investment in Fund II, r
