PropTech1 Ventures invests in innovative startups working to digitalize the real estate industry. The German venture capital fund has now set its sights on expanding in Switzerland and will open an office in Zurich “in the near future”, according to a press release.
Even before opening its Zurich office, PropTech1 Ventures is expanding its Swiss network. Peter Staub is joining as a venture partner and further investor in Switzerland. PropTech1 Ventures calls Staub, who holds the Digital Real Estate chair at the University of Applied Sciences in Business Administration Zurich (HWZ), “one of the most active experts in the Swiss PropTech segment”.
Beat Schwab, former head of Global Real Estate at Credit Suisse and former CEO of Wincasa, also recently joined as a venture partner. In addition, PropTech1 Ventures invested in the Zurich-based startup Archilyse last year. A spin-off of the Federal Institute of Technology (ETH) in Zurich, Archilyse has developed a software solution that analyzes and evaluates architectural quality.
“Until recently, there was virtually no professional venture fund in DACH with an exclusive focus on PropTechs. PropTech1 has changed that and, what pleases me most, regards the Swiss PropTech as very attractive,” Peter Staub said, adding that he is looking forward to expanding the company’s Swiss portfolio.