Tishman Speyer Raises Proptech Venture Capital Fund With $100M in Commitments

Tishman Speyer, a New York-based developer, owner, operator and asset manager of first-class real estate, raised $100M in commitments for its first Proptech venture capital fund.

The commitments were anchored by the National Pension Service of Korea and Investment Management Corporation of Ontario. 

The venture seeks to raise up to $150m in total equity to fund investments in technology-driven opportunities related to all sectors of real estate.

The Tishman Speyer Proptech Venture Fund focuses primarily on investments in early-stage companies with proven technologies and disruptive business models designed to improve how residents, customers, brokers, investors, lenders, operators and owners interact with and experience real estate.  The fund will specifically target emerging firms that can leverage Tishman Speyer’s global portfolio, its expertise as an early adopter of real estate technology and its vast network of relationships.  

Led by CEO Rob Speyer and Senior Managing Director of Proptech Jenny Wong, Tishman Speyer is an owner, developer, operator and investment manager of first-class real estate in 30 key markets across the United States, Europe, Asia and Latin America. The company develops, builds and manages premier office, residential and retail spaces for tenants, as well as life science centers through its Breakthrough Properties venture. It focuses on health and wellness, enlightened placemaking and customer-focused initiatives such as their tenant amenities platform, ZO., and a flexible space and co-working brand, Studio. Since 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 (U.S.). Its current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt and the Mission Rock neighborhood currently being realized in San Francisco.

Since 2017, the firm has invested in 19 emerging Proptech companies, including such market leaders as OpenSpace, VTS, Agora, Monograph and Blank Street. 

FinSMEs

25/03/2022