Proptech—computer technology aiming to increase efficiency and opportunities in commercial real estate—was primed to surge this year.

VC firm MetaProp was set for the rush. Today it announced the closing of its third real estate tech seed fund that, at $100 million, was oversubscribed. The MetaProp Ventures III, L.P. followed its $40 million second fund that closed in 2018.

According to the company, investors for the latest fund come from North America, Europe, the Middle East, Asia, and Latin America and own and manage 20 billion square feet of real estate. The group includes previous investors PGIM, Mitsui Fudosan, CBRE, Bridge Investment Group, Cushman & Wakefield, and JLL Spark. Among new investors are Ivanhoe Cambridge, Intact Ventures, Messer, and Ferguson in North America; DAMAC from UAE; Development Bank of Japan and Sumitomo Mitsui Trust Bank in Japan; Swire Properties of Hong Kong; Jakarta Setiabudi Internasional from Indonesia; South Korea's Eugene Corporation; and Ananda Development in Thailand.