Member Article

Pi Labs launches 7th London-based growth programme

Pi Labs, Europe’s leading proptech VC, has officially launched its seventh pre-seed growth programme after a twelve month selection process.

Pi Labs will provide seed funding as well as strategic mentorship, office space, community collaboration and the opportunity to network with the wider proptech community.

This group of startups spans a broad range of trends and sectors, but it’s interesting to see a large proportion of the cohort focusing on disrupting home ownership and traditional finance models.

The programme officially starts today and will run for 15 weeks until May, when the cohort will have an opportunity to present their products to an audience of investors, and eventually join alumni from Pi Labs’ previous accelerator programs which includes AirSorted, Landsight and Office App.

Dominic Wilson, the Managing Partner of Pi Labs, commented: ‘Each year I’m impressed by the diversity of applications we receive, but this year has seen a huge increase in global interest. Whilst the UK has always been a hotbed for proptech startups, Pi Labs is now looking at investing in a number of companies founded as far away as Australia and New Zealand. With hundreds of applications to join the cohort this year, it was an incredibly difficult task to narrow down the applications to just six. The next three months will be incredibly exciting as our new cohort look to develop their products and join our alumni network of over 100 founders and mentors.’

Find a full breakdown of each cohort member below.

CRIBZ: helping real estate developers automate and optimise their sales process. The platform sends the right message, to the right buyer, at the right time by using artificial intelligence (AI) and conversational design to guide buyers through each step of the real estate process.

Decology: a personalised home design platform centred around a 3D digital twin of a client’s home. The platform provides consumers with the tools and expertise to design their homes and enables retailers to market and showcase their products in situ.

GroupLadder: empowering friends to buy homes together. GroupLadder not only provides the mortgages needed, but also takes care of the complexity of transacting and owning as a group. Groups typically consist of friends who have been in a job for a year, have income coverage to pay the mortgage, but individually don’t have the capital for a deposit.

Pop & Rest: offering people in large cities peaceful and private spaces that allow them to disconnect from busy places such as airports, train stations, and workplaces. Pop & Rest is the first wellbeing and hospitality startup to offer users private and peaceful spaces to recharge or meditate in the UK.

RenterBuyer: helping renters become homeowners without a large mortgage deposit or traditional credit scoring. A unique rent-to-buy solution allows buyers to buy an affordable fraction of their home upfront; pay rent on the portion not yet owned, whilst purchasing more equity monthly (part-buy, part-rent) until they own outright. All the benefits of the Government Help to Buy, without any of the limitations.

TRACK: Organising homeowners’ property finances simply, beautifully and in one place. The mobile app provides instant home valuations and projections, syncs the mortgage balance direct from the lender, and gives the real-time breakdown of each owner’s financial stake on a personalised dashboard.

This was posted in Bdaily's Members' News section by James Arthur .