-- PropTech Farm, the venture capital firm founded in Sweden, today announced the successful initial close of its third fund - Fund III - its latest investment vehicle and the firm's first to be headquartered in Singapore. The fund will focus exclusively on real‑estate technology startups. Backed by a strong consortium of family offices, strategic corporate and institutional LPs, Fund III has initiated discussions with selected accredited and institutional investors for a subsequent closing anticipated in mid-2025.
Fund Overview
PropTech Farm Fund III targets USD 30 million in total commitments. It will deploy tickets of USD 500 thousand to USD 2 million into 12–15 Seed through Series A PropTech startups across Thailand, Singapore, Indonesia, Vietnam, Malaysia, the Philippines and Australia. Follow‑on reserves enable PropTech Farm to double down on the best-performing portfolio companies. The fund's mandate spans the entire lifecycle of the built environment - from AI‑driven design and planning through digital construction workflows, transaction and listing platforms, and property management systems to smart‑building operations, energy‑efficiency optimization and urban renovation technologies.
Market Opportunity
By 2032, the global PropTech market is set to top USD 130 billion, with Southeast Asia leading the way. Rapid urban growth in cities like Bangkok and Jakarta, Singapore's tech‑driven ecosystem, and a push for sustainability have created ideal conditions for digital real‑estate solutions. Developers now rely on real‑time construction analytics and asset owners demand net‑zero tools - all powered by AI and data analytics that enable predictive maintenance, occupancy forecasting and automated design to boost efficiency and cut emissions.
"Southeast Asia's market fragmentation is both a challenge and a strategic edge," said Mike Plichta, Managing Partner. "We're looking for founders who can navigate local nuances to build resilient, long‑term businesses that scale across the region."
Proven Track Record
Since launching its first fund in 2021, PropTech Farm has completed over 10 strategic investments in PropTech and CleanTech companies, many of which have delivered high‑multiple markups. The partners behind the firm bring decades of regional investment experience, historically realising up to 50× exits on ventures that pioneered digital classifieds, IT platforms for real estate, building energy efficiency solutions, and digital transaction marketplaces. This legacy of successful deal‑making provides a strong foundation for Fund III's thesis, combining rigorous due‑diligence with hands‑on operational support.
"Our mission is to connect the global PropTech ecosystem," said Fredrik Bergman, Global Managing Partner. "By leveraging our proven track record of high‑multiple exits and deep industry relationships, we accelerate founders' journeys from local champions to global leaders."
From left: Fredrik Bergman, Simon Baker, Mike Plichta
Pipeline & Strategic Partnerships
PropTech Farm Fund III has already qualified more than 50 high‑potential startups, including regional real estate transaction platforms, AI‑powered interior design solutions, real‑time site‑monitoring analytics, transaction procurement platform, scalable energy-optimisation systems and smart‑building software. To accelerate validation and scale, the firm has forged alliances with leading venture studios, accelerator programs, startup incubators and PropTech associations in each target market - providing founders with local insights, technical mentorship and co‑investment channels.
"Having led over 40 PropTech investments and achieved multiple 30× to 50× exits, I've seen how the right combination of regional expertise and proven business models unlocks exponential growth," said Simon Baker, General Partner. "PropTech Farm Fund III is poised to back the next generation of region‑defining startups."
About PropTech Farm
Founded in 2021 in Sweden, PropTech Farm manages three venture capital funds. Its first two vehicles focused on Nordic PropTech innovation; Fund III marks the firm's strategic expansion into the Asia‑Pacific region under a Singapore‑headquartered Variable Capital Company (VCC) structure. The leadership team brings over 100 years of combined expertise in venture capital, real‑estate operations and corporate finance - validated by a proven history of successful investments and high‑multiple exits across Europe and APAC. For more please visit the website of call them on +66 6400 67846.
Contact Info:
Name: Mike Plichta, CFA, Managing Partner, APAC
Email: Send Email
Organization: PropTech Farm VC
Website: https://www.proptechfarm.com
Release ID: 89159277
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