Investment management firm REdimension Capital has launched a property technology fund that aims to promote the use of advanced technology in real estate. The fund has raised R200 million from investors, including Investec Property Fund and Growthpoint Properties. Start-ups in the real estate technology sector can benefit from the fund if they can demonstrate that their products can be adopted by large companies. The fund, called the REdimension Real Estate Technology and Sustainability Fund I, will invest in early-stage technology companies that improve property development, management, and engagement. The goal is to bring the real estate industry up to speed with technology advancements and accelerate its growth. So far, the fund has received support from investors such as RMB, Liberty Two Degrees, and Sphere Holdings. It is expected to secure additional strategic commitments by January 2025. The fund aims to bridge the funding gap between technology and the real estate industry. Its purpose is to invest in technology that can enable positive outcomes and distribute products to big property companies. This initiative will have a lasting positive impact on the real estate market.
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