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Proptech accelerator moves out of Tech City with The Collective

London’s Pi Labs, Europe’s first PropTech venture capital platform, has joined with property startup The Collective to move its accelerator programme to Bloomsbury.

Making the jump from the capital’s tech hub at Tech City in East London, the new headquarters at 14 Bedford Square will host a co-working space, and joins a number of other proptech and property firms at the premises including progressive interior designers DH Liberty and BamBambi, online property auctioneer Bamboo Auctions and residential property developer IV Property.

Pi Labs will also be working together with The Collective as a joint venture on the Pi Labs Accelerator, the pre-seed investment programme for proptech startups.

The new headquarters are one of The Collective’s innovative co-working spaces which aim to adapt to modern, flexible work patterns. It has also created a new 550 bed community-driven, residential concept that is due to open in May at Old Oak in West London.

Dominic Wilson, Managing Partner of Pi Labs, said: “There is a lot of obvious synergy between Pi Labs and The Collective – both are young, visionary organisations helping shape the future of the property industry.

“Reza is an excellent example of a young property entrepreneur who has built a large business and this is exactly the sort of experience our accelerator companies can benefit from.

“We are scaling our operations to invest in more small and growing proptech companies; we see this as the perfect physical space and surrounding environment to help us reach that goal.”

Reza Merchant, Chief Executive Officer of The Collective, added: “We’re excited to welcome Pi Labs to The Collective. Pi Labs’ vision of disrupting the property market very much aligns with the innovative nature of our own business – it’s also a natural fit with our existing community of proptech startups at 14 Bedford Square.

“We’re looking forward to nurturing the next wave of companies which have the potential to transform the property market.”