South African venture capital firm, REdimension raises more than $10 million for proptech fund πŸ‡ΏπŸ‡¦

South African venture capital firm, REdimension raises more than $10 million for proptech fund πŸ‡ΏπŸ‡¦

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#investments
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REdimension Capital, a South African real estate venture capital firm, has announced the first close of its inaugural fund, the REdimension Real Estate Technology and Sustainability Fund I. The fund will focus on investing in early-stage innovative technology companies that deliver demonstrable improvements in the way property is developed, managed and engaged with.

REdimension Capital, a South African real estate venture capital firm, has successfully raised more than $10 million for its inaugural fund, the REdimension Real Estate Technology and Sustainability Fund I. The fund aims to invest in early-stage technology companies that bring about demonstrable improvements in property development, management, and engagement. It has built an ecosystem of mutual value by aligning with sector stakeholders and aims to deliver both investment and operating returns while driving technology adoption and sustainable outcomes. The funding round was led by Investec Property Fund, Growthpoint Properties, and Rand Merchant Bank, with support from Liberty Two Degrees, Liberty Group, Sphere Holdings, and others. The fund plans to target companies developing high-impact solutions that operate at the convergence of real estate and technology, focusing on areas with clear value propositions that address sector challenges. REdimension Capital seeks to support early-stage companies with scalable business models, providing a platform for distribution and value creation in partnership with industry incumbents. The founders of REdimension Capital, Peter Clark and Matthew Marshall, expressed excitement about achieving the first close for the fund and are eager to create a positive impact on the markets in which they operate. The company was established in 2021 to accelerate innovation in the built environment, leveraging its founders' property-centric skills and experience to enhance operational performance and sustainability in the built world.


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