Real estate developer Tishman Speyer's Proptech Venture Fund is targeting $150m to back innovative real estate technology, following a series of investments by its parent.

US-based real estate developer Tishman Speyer has raised $100m for a property technology-focused venture capital fund and is targeting $150m for its final close.

National Pension Service of Korea and Investment Management Corporation of Ontario are anchoring Tishman Speyer Proptech Venture Fund, which will focus on real estate technology developers that could theoretically leverage Tishman Speyer’s real estate portfolio and existing relationships.

The company said it has invested in 19 companies since 2017. Those deals include a $20m series…

Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.