Real Estate Technology Ventures has achieved a final close of $108m for a first fund backed by Aimco, Boardwalk, Essex, MidAmerica and UDR, and made a follow-on investment in SmartRent.
US-based early-stage venture capital firm Real Estate Technology Ventures (RET Ventures) has closed its first fund at $108m with commitments from real estate investment trusts Aimco, Boardwalk, Essex Property Trust, MidAmerica and UDR.
Real estate investment holding companies Starwood Capital Group, Cortland and GID have also backed the fund. Between them, the limited partners own or manage almost 1 million rental units.
RET Ventures will focus on real estate technology developers that can help the fund’s investors manage their portfolios…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
