Retail developer Hammerson, industrial specialist Segro and insurer Lockton are the latest investment partners to put money into the pot at Concrete Venture Capital, the specialist proptech fund.
Concrete’s Dandi Li said: “This partnership network is an invaluable asset, and we look forward to working closely with our partners to source and evaluate high growth deals, as well as to support founders to execute commercial strategies.”
Hammerson said it looks forward to gaining “proprietary access to a new age of ideas, talent and enterprise.”
Kathryn Malloch, group product innovation manager for Hammerson, said: “The partnership with Concrete provides us with a unique opportunity to gain a deeper insight in emerging technologies and take our leading approach to innovation a step further. Working with ambitious prop-tech businesses allows us to support their growth while at the same time offering us creative solutions and a fresh way of approaching challenges to the retail sector.”
Hammerson, Lockton and Segro join Starwood Capital, Seedcamp, JLL, Skanska, For a and Innogy as Concrete VC investors.
The fund also announced three new investments, taking the total to 10:
- Homie: Smart platform that improves letting process for renters through aggregating listing sites, tailoring selections, and coordinating and accompanying property viewings.
- Travtus: AI powered property management platform that automates repair process and job cost estimations for tenants, landlords, contractors, and asset managers.
- District Technologies: Workplace mobile app that supports employees and building management teams to create an engaging community by offering on-demand services and wellbeing related activities.