Property tech investor Pi Labs has named five start-ups from the UK, Canada and Israel to join its portfolio as part of its latest 16-week scale-up accelerator programme.
The venture capital firm said the start-ups, which include a construction tech company, a data investment specialist and a funding platform for carbon-efficient projects, will get an initial investment with the possibility of follow-on funding, as well as mentoring from sector experts.
The programme will take place remotely from March to June and help prepare the companies for scale by supporting their UK and European expansion strategies, securing clients and investors, and accelerating their commercial development.
Pi Labs said the following companies would join the scheme:
- OKIBO, a start-up developing autonomous robots for wall-finishing works on construction sites
- Conwize, a cloud-based platform that helps construction companies estimate projects more accurately
- Audette, a digital platform that matches carbon efficiency projects in commercial buildings with grant and low-interest financing
- Hölmetrics, a data-analytics firm that provides insight into employee experience so as to optimise operational performance
- Honest AI, a commercial real estate tech platform which provides more data for property investment decisions.
Faisal Butt, chief executive of Pi Labs, said: “We selected these five start-ups out of 1,100+ applications after an intensely competitive process, because they can fill the glaring sustainability, ESG, operational and efficiency gaps in the real estate industry.
“Despite the continued global uncertainty due to the pandemic, we believe that property owners, developers and occupiers are presented with increased impetus to adopt proptech solutions to future-proof operations and assets.”
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