Grosvenor has invested directly in startups but this is its first investment into a VC fund.
Grosvenor, the UK property business owned by the Duke of Westminster and his family, has invested in Noa, a venture capital fund that invests in technologies that reduce greenhouse gas emissions in real estate and construction sectors.
This is the first investment that Grosvenor, whose businesses span urban property, food and agtech, and rural estate management, has made in a VC fund. Grosvenor Property UK has made direct investments in early-stage startups such as online citizen engagement platform Commonplace, digital mapping company Pupil, materials and waste monitoring platform QFlow and building energy optimisation platform Demand Logic.
Founded in 2019, Noa is Europe’s largest venture capital firm focused on the built environment. It invests in supply chain technologies, building design, construction and energy transition. Its €250m fund is backed by European real estate owners, operators and family offices.
