eMoov investor and former Dragon’s Den star James Caan has become the latest investor in proptech accelerator Pi Labs.
Pi Labs is Europe’s first property tech accelerator and was jointly created by Juliette Morgan of Cushman & Wakefield and Faisal Butt of venture capital firm Spire Ventures.
The accelerator is currently raising a £500,000 fund on Seedrs which will go towards funding the startups selected to be invested in by the Pi Labs fund.
To date, just 5 businesses were selected out of over 250 applications.
Faisal Butt, Pi Labs Founder and CEO said:”We are honoured to have this investment from James, whom I have seen first hand support British small businesses over many years. He also has a great deal of knowledge about the property industry and so his backing means a lot.
“The support of investors both big and small is crucial to Pi Labs’ success. Our aim is to empower prop-tech startups requiring space, access to capital and support and help spawn the next wave of tech company success stories in the UK.”
The investment from James Caan CBE follows a £250,000 investment into the Pi Labs fund earlier this month from Countrywide, the UK’s largest property services company.
The Pi Labs fund has already raised £400,000 on Seedrs. Five property technology startups are currently going through the programme: AirSorted, Land Technologies, OfficeR&D, Rialto, and Wilde Rooms. Faisal Butt previously founded Hamilton Bradshaw Real Estate in partnership with James Caan.