The new fund has received commitments from institutional investors, and a mix of industry figures from North America, Europe, the Middle East, Asia, and Latin America which own and manage more than 20 billion square feet of real estate. Limited partners include long-time investors PGIM, Mitsui Fudosan, CBRE, Bridge Investment Group, Cushman & Wakefield, and JLL Spark, as well as select new category leaders from around the world, including Ivanhoe Cambridge, Intact Ventures, Messer, Ferguson , DAMAC , Development Bank of Japan, Sumitomo Mitsui Trust Bank , Swire Properties , Jakarta Setiabudi Internasional , Eugene Corporation , and Ananda Development .

"Proptech is increasingly important during these COVID-19 pandemic times, the associated global economic recovery, and workers going back to the office," MetaProp co-founder and general partner Zach Aarons, said.  "Real estate practitioners have changed the way they value technology and innovation. What was previously a 'nice-to-have' has turned into a 'must-have,' especially for multinationals and regional industry leaders."

"We've built the largest proptech investment portfolio, and our investment team sees more than 200 new proptech startups every month," Aaron Block, co-founder and managing partner at MetaProp, said.

Founded in 2015, MetaProp's investment team has invested in more than 130 technology companies across the real estate value chain.