Pi Labs lands Embassy Group commitment

May 17, 2021 • Jordan Williams

Embassy Group seeks to leverage Pi Labs' network in the property technology sector following an investment in VC firm’s third fund.

Real estate developer Embassy Group has made a capital commitment of undisclosed size to the third fund of UK-based, property technology-focused venture capital firm Pi Labs.

Other limited partners committed to Pi Labs Fund III include property developer Great Portland Estates, healthcare-focused real estate investment trust Assura, real estate investment manager Patrizia and real estate fund manager Revcap.

Revcap had supplied $3.1m to Pi Labs’ third fund in March 2020, after the vehicle held a $23m initial close earlier…

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