Betatron Venture Group, a network of five prominent VC funds, and PropTech Institute (PTI), an independent, non-profit association representing Asia’s proptech community, have announced a partnership to spearhead VC investments in the real-estate industry in the Asia Pacific regions.
“At Betatron, we see compelling opportunities for digital transformation in the real estate industry. We’re looking for startups that will help shape the future of the sector across Asia,” said Matthias Knobloch, Managing Partner and CEO of Betatron Venture Group.
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According to him, the partnership doesn’t have a specific target investment number in mind. “But to give you an example, in early 2020 we launched a partnership with YPSN to target investments in the logistics and maritime sector and within half a year of announcing the partnership we sourced hundreds of deals proposals and made three investments. That makes us one of the leading early-stage investors in the maritime sector in Asia.”
He further noted that while the partnership can invest as little as US$250,000 per company, it typically prefers to invest between US$500,000 and US$2 million.
Founded in 2016, Betatron is a team of eight professionals led by two partners and includes a wider network of five prominent VC funds with a combined US$800 million in assets under management and more than 200 investments across Asia.
PTI is an independent, non-profit association representing Asia’s proptech community led by a team of seasoned professionals from the real estate industry. The association seeks to bridge the gap between real estate and technology as well as providing a platform for founders, corporates and investors to drive innovation in the real estate sector.
Investments in proptech companies globally hit US$14 billion in the first half of 2019, representing a more than 300 per cent increase year on year.
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“Asia with all of its mega cities and high-rise buildings is the place to be for any tech company that looks to innovate in the sector. And with our teams in Hong Kong and Singapore and the newly formed partnership with the PTI, we’re in a prime position to help scale up companies,” added Knobloch.
Image Credit: Betatron
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