Pan-European investor M7 has launched a venture capital firm and fund targeting the proptech sector.
M7 Structura is a collaboration with Conan Lauterpacht, the former head of corporate venturing at Altus Global, who is leading the team.
The new fund will invest in revenue-generating proptech companies at the institutional seed investment to Series A fundraising stage.
M7 has a background in proptech, having launched Coyote, in 2017. It is software for investment and property managers providing deal flow tracking, tenancy data and schedules, market data and more.
Conan Lauterpacht, managing partner of M7 Structura, said: ‘The potential for the deployment of technology throughout the real estate value chain is huge and by launching M7 Structura we plan to connect capital, technology and real estate to help unlock this potential. M7 is the ideal partner to launch this new venture with.
‘It is a highly successful and entrepreneurial manager that has differentiated itself since inception with its use of technology. I look forward to building a world-class venture capital fund with them.’
Richard Croft, executive chairman of M7 Real Estate, added: ‘Technology has played a crucial role in the growth of M7 and we are therefore extremely excited to be partnering with Conan and forming M7 Structura. M7 has been a champion of technology from day one and we have always strived to be an organisation that embraces innovation and new ways of doing things.
‘We believe very strongly in the massive role technology has to play in the future of our industry and we look forward to M7 Structura making its first investments under Conan’s stewardship in due course.’