Following the fast-paced development of technology and the disruptive impact of COVID-19 on the real estate industry, the proptech sector in the SEE has been on the rise. Local startups are quickly gaining traction and Greece is close to producing the first unicorn in the niche.
Recently, a new European VC fund expanded into the SEE region to tap into the potential of regional startups. PropТech1 Ventures announced their partnership with the Bulgarian fund 3p1, part of the Bulgarian biggest holding in the real estate industry – AG Capital.
Aimed at early-stage proptech and construction tech companies, PropТech1 Ventures wants to create a pan-European venture capital platform that discovers the potential for innovation in real estate. Together with their SEE expansion, they announced a new key investor from North Europe.
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