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Wednesday, June 20, 2018

$40 Million Fund Launched for Real Estate Startups, Tech | Los Angeles Business Journal

$40 Million Fund Launched for Real Estate Startups, Tech | Los Angeles Business Journal: New York-based real estate venture capital firm MetaProp has launched a $40 million fund that has attracted CBRE Group Inc., RXR Realty and Cushman & Wakefield.

MetaProp II is a venture capital fund that invests in early-stage real estate and real estate technology-related firms. The fund closed on June 13.

The new fund reportedly is expected to invest in real estate technology such as 3-D printing, augmented reality, co-working, blockchain among others.