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§ Venture Capital · London, United Kingdom
Venture capital firm investing in technology startups for real estate and the built environment, focused on decarbonisation and digitisation.
Based in London, A/O PropTech is a venture capital firm that invests in technology startups focused on the built environment, real estate digitization, and climate tech. The firm utilizes a corporate-like permanent capital structure to make stage-agnostic equity investments ranging from early Seed funding to later growth rounds. The organization manages approximately €500 million in total assets under management, which includes a €250 million initial vehicle that backed 22 companies and a subsequent €250 million fund launched in 2023. Its investment portfolio features several notable built-world and decarbonization startups, including Enter, Satellite Vu, Span, and LandTech. The firm has actively participated in significant financing rounds across Europe and the United States, such as leading a $32 million Series B transaction for property management platform Plentific. A/O PropTech was founded in 2019 by Gregory Dewerpe.
Key people at A/O PropTech.
A/O PropTech is Europe’s largest venture capital firm dedicated to transforming the real estate industry through innovative technologies and business models. Its mission is to back exceptional entrepreneurs who address global challenges in the built environment while balancing profitability and sustainability. The firm invests permanent capital in Built World Technology companies, primarily at Series A to later growth stages, focusing on sectors such as PropTech, Fintech, AI, and IoT. By leveraging its extensive network of large real estate owners, managers, corporates, and governments, A/O PropTech helps startups scale disruptive products that digitalize and improve efficiency, transparency, and sustainability in real estate[1][2][3][4][5].
Founded in 2019 and headquartered in London, A/O PropTech was established by key partners including Gregory DeWerpe and Laurent Jacquet. The firm was created to address the massive €230 trillion real estate market by applying innovative technologies to the built environment. Unlike traditional venture capital funds, A/O PropTech operates with a permanent capital structure, similar to a corporation, allowing it to be stage-agnostic and patient with exits. This unique setup supports long-term investment horizons and operational involvement, enabling the firm to back companies from early stages through growth without the constraints of typical fund lifecycles[1][2][3][5].
A/O PropTech rides the global trend of digital transformation and sustainability in the real estate sector, one of the largest and least digitized asset classes worldwide. The timing is critical as real estate faces increasing pressure to decarbonize and become more efficient amid climate change and urbanization challenges. By investing in PropTech startups that leverage AI, IoT, data analytics, and automation, A/O PropTech accelerates the modernization of the built environment. Its strategic “real estate sandbox” enables startups to test and scale innovations in collaboration with industry leaders, influencing the broader ecosystem by bridging technology and real estate sectors[2][4][5].
Looking ahead, A/O PropTech is positioned to deepen its impact by doubling down on green transition technologies and expanding its portfolio across Europe and beyond. The firm’s permanent capital model and operator-led approach provide a competitive advantage in nurturing startups that require long-term support to transform complex real estate markets. Trends such as climate resilience, smart buildings, and data-driven asset management will shape its investment focus. As the real estate industry increasingly embraces digital and sustainable solutions, A/O PropTech’s influence is likely to grow, helping to redefine how the built world operates and contributes to a more sustainable future[2][4][8].
Key people at A/O PropTech.
A/O PropTech has more than 26 tracked investments across 20 companies. The latest tracked deal is $74.0M Series C in PassiveLogic in September 2025.