REdimension Capital Secures R250 Million for Proptech and Sustainability Fund
REdimension Capital has successfully finalized its Real Estate Technology & Sustainability Fund I, achieving a final closing with over R250 million in committed capital. This landmark achievement solidifies the fund’s position as a pioneering force in South Africa’s property technology (proptech) and sustainability sectors. The fund is uniquely positioned as the only one of its kind in the region, dedicated to fostering innovation in the built environment. Its primary objective is to support early-stage proptech companies through strategic investments.
Propelling Innovation in African Real Estate
The fund’s final closing underscores a strong endorsement of its mission and its distinctive platform model. This model brings together key players, including real estate corporations, financial investors, and technology innovators, to collaboratively create value. In this final round of investment, Hyprop Investments and RDC Property Group joined the fund, further bolstering its capabilities. Existing investors also demonstrated their confidence by increasing their commitments. The fund’s impressive investor roster already includes prominent names like Burstone Group, Growthpoint Properties, Rand Merchant Bank, Liberty Two Degrees, and Sphere Holdings. Together, these partners collectively manage over 750 commercial properties and over 12 million square meters of space, highlighting the substantial reach and influence of the fund’s backing.
In conclusion, REdimension Capital’s successful fund close marks a significant milestone in the development of the African proptech and sustainability landscape. The fund’s strategic approach and collaborative platform are poised to drive meaningful change and support the growth of innovative companies within the built environment sector.
Keywords
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