CapitaLand venture fund to dole out $100m to tech start-ups

It’s targeting innovators in real estate.

Global tech start-ups strapped for cash are in for a treat, as CapitaLand is launching a venture fund called C31 Ventures to invest in young businesses looking to innovate the real estate space.

According to a report by OCBC, is eventually prepared to invest up to $100m as it expands outside Singapore.

C31 Ventures will target Series A to Series C start-up companies that fit CAPL’s focus areas of innovation in energy, operations and maintenance; building and construction; design and building materials; real estate funding as well as customer engagement.

Shortlisted start-ups will be reviewed by an investment committee comprising CAPL’s senior management and external advisors. The start-ups will be assessed based on a combination of criteria such as speed to market, product and financial viability, and valuation and operating metrics.

CAPL’s launch of C31 Ventures comes on the heels of it $15m investment in the Early Stage Venture Fund III (ESVFIII) by Singapore’s National Research Foundation (NRF) in May 2016 for local tech start-ups.
 

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