The European proptech VC has appointed Levi Levenfiche to lead global fundraising efforts, following the first closing for its third institutional fund, supported by Great Portland Estates, Patrizia, Revcap and Assura.
Levenfiche was previously a project management associate at investment manager Hodes Weill & Associates, where he supported the firm’s new business origination efforts and real estate private equity fund raising activity across the EMEA region. Levenfiche has a degree in Economic History with a Minor in Urban Real Estate Development from the University of Pennsylvania.
Faisal Butt, founder and CEO at Pi Labs, said: “Levi is a valuable addition to the team, as we continue to strengthen relationships with institutional investors from around the world and connect them with innovative entrepreneurs who are reshaping real estate globally. As Europe’s most active Proptech VC with more than 50 portfolio companies, we will continue to expand and invest in seed and pre-seed to Series A start-ups that offer pioneering solutions for the commercial real estate sector. Although the economic uncertainty from the ongoing pandemic continues, investors are still looking for opportunities to make a return on their capital and our breadth of experience and expertise in this sector positions us to deliver on that objective.”
The company continues to grow its multidisciplinary team of real estate, finance, and technology professionals, aiming to almost double its portfolio to 100 companies over the next five years. Levi joins as part of a broader expansion strategy, as Pi Labs continues to grow the largest proptech ecosystem in Europe.
Founded in 2014, Pi Labs was the first venture capital firm in Europe to exclusively invest in proptech companies. The company positions itself as a bridge between traditional real estate companies and tech start-ups across Europe.
Pi Labs is often the first institutional investor and invests in companies throughout the seed stage, with follow-on investments in Series A and B. Pi Labs has built a portfolio of over 50 proptech companies across UK and Europe, making the company the most active investor in proptech start-ups in Europe.