Greensoil PropTech Ventures has closed about half of a $100 million target for its latest fund, which it says will invest in technologies geared toward making the CRE industry more profitable and sustainable.  

The Greensoil PropTech Ventures Fund II LP will invest entirely in proptech— including cloud, machine learning, and SaaS business models—and will leverage the firm's industry relationships and limited partners to find and invest in tech it calls "compelling to customers in the real estate sectors." In a statement, David Harris Kolada, managing partner of Greensoil PropTech Ventures, said the fund "will be financing opportunities resulting from the digital disruption of the entire real estate value chain." It will focus on high-growth tech companies with accretive business cases for property owners and strong sustainability platforms.

The closing is anchored by the Public Sector Pension Investment Board (PSP Investments), one of Canada's largest pension investment managers, as well as an affiliate of North American multifamily and Canadian CRE company Starlight Investments, which has $20 billion of assets under management.