MetaProp Closes Latest Real Estate Tech Seed Fund, at $100M

MetaProp, a New York-based PropTech venture capital firm, closed its latest real estate technology seed fund, at $100m.

MetaProp’s third fund includes commitments from institutional investors, and a consortium of industry leaders from North America, Europe, the Middle East, Asia, and Latin America that own and manage more than 20 billion square feet of real estate. Limited partners include long-time investors PGIM, Mitsui Fudosan, CBRE, Bridge Investment Group, Cushman & Wakefield, and JLL Spark, as well as select new category leaders from around the world, including Ivanhoe Cambridge, Intact Ventures, Messer, and Ferguson (North America), DAMAC (UAE), Development Bank of Japan and Sumitomo Mitsui Trust Bank (Japan), Swire Properties (Hong Kong, China), Jakarta Setiabudi Internasional (Indonesia), Eugene Corporation (South Korea), and Ananda Development (Thailand).

Initial Fund III investments include fast-growing PropTech startups, Ergeon, GoFor, Dongnae, HighArc, and Milo Credit.

Founded in 2015, MetaProp is a venture capital firm focused on the real estate technology (“PropTech”) industry. The firm manages multiple funds for both financial and strategic real estate investors that represent a pilot- and test-ready sandbox of 15+ billion square feet across every real estate asset type and global market.

Through the firm and its partners, PropTech entrepreneurs tap into the broadest global real estate distribution network and curated growth support, resulting in more than 1,000 new introductions to clients, talent, and investors per year.

MetaProp’s investment activities are complemented by community leadership including the PropTech Place innovation hub, MetaProp Accelerator at Columbia University programs, global events NYC Real Estate Tech Week and Propel by MIPIM NYC, and publications Global PropTech Confidence Index and PropTech 101.

The firm has invested in 130+ early-stage technology companies across the property value chain. Portfolio comprises some of the world’s highest-profile innovation leaders, including Side, Attentive, Spruce, Bowery, Briq, HqO, VergeSense, and Morty.

The firm’s team members include:

Zach Aarons, Co-Founder and General Partner
Aaron Block, Co-Founder and Managing Partner
Monica O’Neill, Partner
Zak Schwarzman, General Partner
Maureen Waters, Partner