So far Taronga’s RealTech Ventures Fund has invested in at least 12 innovations, such as OpenSpace, which uses an AI-driven platform to provide 360-degree visibility for construction sites.
PGIM Real Estate acquires strategic equity stake in Australian VC Taronga Ventures
Photo by Andrea Natali on Unsplash Premium
New York-based PGIM Real Estate announced on Wednesday it has acquired a strategic equity stake in Australia-based venture capital firm Taronga Ventures, further supported by a commitment to Taronga’s RealTech Ventures Fund.
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SOCIAL BUZZ
Taronga will connect the Smart Urban Co-Innovation Lab, SEA’s first smart cities-focused development center, with a network of emerging proptech firms. Source: Shutterstock
Singapore proptech hub to spearhead smart city innovation
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A new partnership will help Singapore’s Smart Urban Co-Innovation Lab to identify new revenue streams, reduce costs, and operate sustainably within the real estate sector
Capitaland’s smart city lab already works with 200 firms to co-develop proptech & smart city innovations
Singapore continues to pursue more sustainable urban smart city developments that leverage on innovation driven by property technology, or proptech.
The trend received another boost recently when Capitaland, the driving force behind the new Smart Urban Co-Innovation Lab at Singapore Science Park, announced its latest real estate innovation partner that will help it identify new revenue streams, reduce costs, and operate more sustainably by harnessing eme