C31 Ventures will make strategic investments in areas of interest to the Singapore-based property developer, and has already committed $11m to a state-run fund.
Singapore-based real estate developer CapitaLand launched a S$100m ($74m) corporate venturing fund called C31 Ventures yesterday that will invest globally to boost innovation in the real estate market.
The unit will invest at series A to C stage in startups developing energy, building and construction, building materials, architectural design, buildings operations and maintenance, real estate funding and customer engagement technology.
C31’s first investment is an $11m contribution to Early Stage Venture Fund III, an early-stage fund run by Singapore government’s…
