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Pi Labs concludes tenth proptech accelerator program

Nine companies set to secure $18.6M in seed and pre-seed funding

Pi Labs, a global venture capital firm and accelerator program for early-stage proptech startups, today announced concluding its tenth growth program, according to Tech Round.

This program included nine companies, selected from 973 applicants across 47 countries in February, based on potential for innovation in reshaping and interacting with the physical world and built environment.

Pi Labs says that following the program’s conclusion, the participating companies are set to secure a total of $18.6 million in seed and pre-seed funding. It says this funding will “enable the startups to fuel growth into new markets, expand their teams and undertake further product development.”

Below are the Pi Labs 2022 initiates – which the accelerator says is its most globally diverse class and includes four female founders:

  • CONXAI (Germany): The first no-code AI platform for the architecture, engineering and construction industries (AEC).
  • Firmus (Israel): Utilizes advanced AI technologies to analyze building drawings’ data, uncover and manage the mitigation of hidden design issues that have a potential impact on bidding and building processes.
  • Flown (UK): Rooted in neuroscience, Flown is a groundbreaking digital platform which provides on-demand mindfulness content to enhance working life and support ‘deep work.’
  • GREENPASS (Austria): Enables planners, developers and investors to compare the climate resilience of different project designs to optimize the sustainability and profitability of real estate developments and open spaces.
  • Laiout (Norway): Automates the creation of early-stage architectural floor plans.
  • LiveCosts (Ireland): Smart construction software to automate cost management for builders and contractors.
  • Modulize (Norway): A single collaborative software solution for offsite construction, optimising design, planning and procurement.
  • Moonhub (UK): A virtual reality training platform for the workplace, designed to scale, provide high level data and employee analytics.
  • Route Konnect (UK): Real-time video processing to help organizations understand the movement of people and vehicles across large multi-camera locations whilst fully preserving anonymity.
  • SymTerra (UK): Built to eliminate uncertainty from construction sites, SymTerra is an integrated communication tool that enables teams to rapidly share knowledge and capture change in real-time.

In other recent proptech news, HomeLight announced raising $115 million in capital and acquiring Accept.inc. Quext also raised $63 million in funding from a network of private investors for its multifamily internet-of-things technology.

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