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PropTech accelerator Pi Labs in partnership with Canadian real estate firm
Posted by Billy Wood on 03 Aug 2016
London-based PropTech accelerator Pi Labs has announced a strategic partnership with Canadian luxury real estate business Bosa Ventures that will see cohort startups benefitting from additional funding.
The accelerator, which is run by Europe’s first PropTech-focused VC firm Property Innovation Labs, will now be able to offer businesses on its cohort more opportunities in North America thanks to the new partnership with Bosa’s VC arm.
Bosa are one of the largest luxury real estate developers in North America, with a presence in both the US and Canada, and will now provide additional funding via a SAFE or convertible note for Pi Labs companies.
It will also mean that firm’s on the cohort now have access to £100k of funding which they can potentially raise before their seed round.
Colin Bosa, Chairman of Bosa Properties commented: “Our alignment with Pi Labs will allow us both to be on the forefront of new frontiers of proptech, while leveraging the multiple streams of innovation we already have underway in the field of property development and construction.”
Dominic Wilson, Managing Partner of Pi Labs, hailed the partnership as providing a close link with North America which will make the acclerator ‘one of the most competitive in the world’.
He said: “We are delighted to partner with Bosa Ventures; it’s an incredible opportunity for the start-ups financially and also in terms of global reach.
"We now also have a close link to North America and a partner to help our companies roll out into those markets. In financial terms, our programme is now one of most competitive in the world and we will continue to source the very best talent and companies from across the globe as a result.
"And crucially for Pi Labs, it’s also a ringing endorsement for the programme we have built here in London and quality of companies we have coming through."
PiLabs was launched in October 2014 and since then its three month bi-annual programme has helped support 16 successful PropTech startups and, following an agreement with property startup The Collective, is now housed at No 14, Bedford Square, London.