MetaProp has plans to launch a third fund.
The firm filed an SEC Form D for its MetaProp Ventures III, which aims to raise $100 million. The offering document was filed on May 28, 2019.
Like its predecessors, the fund aims to build the needs for today’s early-stage PropTech market. It will invest in next-generation innovations using software, hardware and technology enabled services to improve and/or rethink every aspect of the global real estate market. This includes companies that impact every asset type within real estate and every function or task that a real estate professional performs during the lifecycle of a real estate asset — from dirt to disposition.
MetaProp Ventures II closed in 2018 with $40 million. Notable investors included RXR, PGIM Real Estate, Cushman & Wakefield, CBRE, JLL Spark, Mitsui Fudosan’s 31VENTURES, and Altus Group. Early Fund II portfolio names include Workframe, WhyHotel, Irene, Locate.ai, Jones, Travtus, Doorport, Hoozip and OnSiteIQ.
