Property Innovation Labs (Pi Labs) is Europe’s first venture capital platform investing exclusively in early stage ventures in the property tech vertical.
Pi Labs' vision is to identify, mentor, invest in and accelerate high-calibre startup ventures who have the passion and ability to create scalable businesses that will disrupt the property industry.
Pi Labs was founded in 2014 by Faisal Butt. The firm is based in London, United Kingdom.
Pi Labs invests in start-ups that use technology solutions to enhance any stage of the real estate value chain. Key areas of focus for the current fund include sustainability, future of work, future of retail, commercial real estate technologies, construction technology, and smart cities.
Pi Labs has raised £17.5M ($23M) in funding on Feb 03, 2020, as the first milestone for its $75M fund. The funding has been achieved through a commitment of institutional capital from leading real estate investment companies including FTSE-listed Great Portland Estates PLC, FTSE-listed Assura PLC, PATRIZIA AG etc.
Pi Labs is Europe’s longest standing proptech VC, with an industry-leading track record across 43 investments. It's portfolio of companies include 720°, Airsorted, Aprao, AskPorter, Brolly, Built-ID etc.