PropTech VCs in the Asia Pacific

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Who to reach out to as a property startup – Proptech VCs

As a property startup based in the Asia-Pacific, you may be looking for like-minded investors to help you grow. Unfortunately, most Venture Capital (VC) firms may not understand your business model, especially when it comes to the more niche areas of commercial real estate. 

Thus, I’ve created a list of PropTech VCs. They have the industry knowledge and connections to help you grow and be successful.

I’m sure there are many other VC firms that I’ve missed, but hopefully its enough to get you started:

List of Proptech VCs (Asia-Pacific)

VC Name
Main Location
Details/Status
Taronga GroupSydney,
Australia
Recently invested in Inspace XR and created the Realtech X Program (see below)
Fifth Wall VenturesLos Angeles,
USA
$1 billion capital under management across three funds
JLL Spark Global
Hong Kong
Announced a $100m fund
PieLab
Brisbane,
Australia
$20m fund
Cento Ventures
Singapore
Update: no news since their 2019 announcement
C31 Ventures (Corporate VC)
Singapore
Supported by CapitaLand (U=update: possibly defunct)
31 Ventures (Corporate VC)Tokyo,
Japan
Supported by Mitsui Fudosan

Note the above list of VC firms may not invest unless you are established, or at the very least, progressed beyond an MVP. Ideally you would have traction proven by revenue or customer growth.

If you are still tinkering around the MVP (minimum viable product) stage, here is a list of accelerator programs that you should consider applying to. If accepted, you will receive deep industry guidance and perhaps some seed money:

List of PropTech Accelerators

AcceleratorsLocationDetails
Impact AcceleratorSydney, AustraliaSupported by Mirvac & INCO. Sustainability focus
RealTechX Growth ProgramSydney, AustraliaSupported by Taronga Group, Australian Unity, Dexus, Lend Lease, ISPT and PGIM
REACH proptech Accelerator (Australia)Melbourne, AustraliaLead by Shelli Trung (angel investor) and Second Century Ventures
Propell AsiaSingaporeSupported by JLL and Lend Lease
Proptech Accelerator powered by TechstarsToronto, CanadaSupported by Colliers

Again, by no means is this an extensive list. Note that some of these programs may not run all year round so check the application dates on their websites. 

If all else fails, reach out to real estate developers, agencies (like Colliers, CBRE and JLL) and REITs who may assist you with the problem you’re trying to solve.

Additionally, consider reaching out to general VCs if your business is is not too niche. You might also want to throw in some industry buzzwords like IoT, blockchain, AI, machine learning and smart cities to ensure your potential investors understand that you’re making the world a better place.

For further information, do check out Unissu’s website, a PropTech resources hub. They are also partnering with Stone & Chalk (an Aussie innovation hub / coworking space) to create the TED Talk of real estate.

Please leave a comment below if there is any further information you would like to add.