Tishman Speyer Raises Proptech Venture Fund with $100M Commitments
Tishman Speyera New York-based developer, owner, operator and premium real estate asset manager, has raised $100 million in commitments for its first Proptech venture capital fund.
The pledges were anchored by the Korea National Pension Service and the Ontario Investment Management Corporation.
The company is seeking to raise up to $150 million in equity to fund investments in technology opportunities related to all sectors of real estate.
The Tishman Speyer Proptech Venture Fund focuses primarily on investing in early-stage companies with proven technologies and disruptive business models designed to improve the way residents, customers, brokers, investors, lenders, operators and owners interact with and experience real estate. The fund will specifically target emerging companies that can leverage Tishman Speyer’s global portfolio, expertise as a real estate technology pioneer and extensive network of relationships.
Led by CEO Rob Speyer and Senior Managing Director of Proptech Jenny Wong, Tishman Speyer owns, develops, operates and manages best-in-class real estate investments in 30 key markets in the United States, Europe, Asia and America. Latin. The company develops, builds and manages prime tenant office, residential and retail space, as well as life science centers through its Breakthrough Properties business. He focuses on health and wellness, creating lit places, and customer-centric initiatives such as their tenant amenities platform, ZO., and a flexible space and coworking brand. , Studio. Since its inception in 1978, Tishman Speyer has acquired, developed and operated 484 properties, totaling 219 million square feet, with a combined value of over $121 billion (US). Its current portfolio includes iconic assets such as Rockefeller Center in New York, The Springs in Shanghai, TaunusTurm in Frankfurt and the ongoing Mission Rock neighborhood in San Francisco.
Since 2017, the company has invested in 19 emerging Proptech companies, including market leaders like OpenSpace, VTS, Agora, Monograph and Blank Street.