Pi Labs

Pi Labs is a prominent London-based venture capital firm, widely recognized as Europe's most active investor in the burgeoning proptech sector. Established with a clear mandate to back innovators transforming the built world, the firm focuses on early-stage companies, spanning from pre-seed to Series A rounds. Their investment thesis covers a broad spectrum of real estate innovation, including residential, commercial, construction, smart cities, and sustainability solutions, aiming to address the evolving needs of the property industry.

The firm employs a dual investment approach, combining a structured accelerator program with direct investments. This allows them to engage with promising startups at various nascent stages. For initial investments, Pi Labs typically deploys capital ranging from £100,000 to £500,000, which translates to approximately $127,000 to $635,000 based on current exchange rates. Beyond the initial cheque, Pi Labs is committed to supporting its portfolio companies through their growth journey, providing significant follow-on capital of up to £2 million to facilitate subsequent funding rounds and scale-up efforts.

Pi Labs has built a robust track record since its inception, demonstrating significant impact within the proptech ecosystem. As of late 2023, the firm had invested in over 60 companies across 15 different countries, solidifying its international footprint. Their portfolio companies have collectively gone on to raise over $600 million in follow-on funding from other investors, underscoring the quality of Pi Labs' initial selections and their ability to attract further capital. The firm successfully closed its third fund at £30 million in 2021 and is currently targeting £90 million for its fourth fund, signaling continued growth and ambition to further shape the future of real estate technology.