Pi Labs, Europe’s first property tech accelerator, jointly created by Juliette Morgan of Cushman & Wakefield and Faisal Butt of venture capital firm Spire Ventures, is currently raising a £500,000 fund on Seedrs.
The sum will go towards funding the start-ups selected to be invested in by the Pi Labs fund. To date, just 5 businesses were selected out of over 250 applications.
Faisal Butt, Pi Labs Founder and CEO said: “We are honoured to have this investment from James, whom I have seen first hand support British small businesses over many years. He also has a great deal of knowledge about the property industry and so his backing means a lot.”
“The support of investors both big and small is crucial to Pi Labs’ success. Our aim is to empower prop-tech startups requiring space, access to capital and support and help spawn the next wave of tech company success stories in the UK.”
The investment from James Caan CBE follows a £250,000 investment into the Pi Labs fund earlier this month from Countrywide plc, the UK’s largest property services company.
The Pi Labs fund has already raised £400,000 on Seedrs. Five property technology start-ups are currently going through the programme: AirSorted, Land Technologies, OfficeR&D, Rialto, and Wilde Rooms.
