REdimension achieves its first close target on its inaugural fund, receiving total commitments of over R200 million to fund proptech start-ups. RealEstate
Real estate investment firmhas raised R200 million to fund South Africa’s burgeoning property technology start-up companies.
By strategically aligning with sector stakeholders, it notes, the fund has built an ecosystem of mutual value, aiming to deliver investment and operating returns, while accelerating technology adoption and driving sustainable outcomes. The fund is further supported with investment from Liberty Two Degrees, Liberty Group and Sphere Holdings, among others.
Furthermore, it points out, it is anticipated that additional strategic commitments will be made to the fund before a final close on or before January 2025. This includes various built-world technologies that aim to improve the way assets are experienced, streamline management processes and decision-making, and which ultimately accelerate the digitalisation of the real estate industry.
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