Civinity, one of the largest facility management and engineering groups in the Baltic states, has announced the launch of their new investment management firm called Pentaframe Capital. Pentaframe Capital plans to invest up to €15 million across the following five years, with focus on real estate, facility management, and smart city tech startups across Europe.
By Rūta Lapinskienė
Pentaframe Capital plans to allocate between one and five million euros annually for investments into property technology (PropTech) startups that develop smart solutions in facility management, data management, improved customer experience, process automation, and other related areas. The investments will vary in size from thousands to half a million euros depending on the long-term potential and the completion level of a startup’s service or product. The firm will focus on projects in the Baltic states, as well as other European countries, including the largest European PropTech market – the United Kingdom.
“Over the past 15 years, Civinity group witnessed a 300-fold growth – both through acquisitions and organic development. However, we understand that further sustainable business growth is limited if it is not fuelled with technological solutions. By launching Pentaframe Capital, we aim not only to accelerate the development of real estate technologies in the Baltic states but also to ensure the integration of the best possible market solutions into the services provided by the group,” says Deividas Jacka, Chairman of the Board and CEO at Civinity.
PropTech is The Nordics
PropTech modernizes one of the oldest industries, real estate. Several initiatives in The Nordics provide a link between the well-established real estate businesses and the PropTech startups. In Denmark, PropTech Denmark create this synergy. Likewise, Sweden has PropTech Sweden, Norway has PropTech Norway and Finland has PropTech Finland.