Announcing our Inaugural Early-stage Fund
Leadership team’s investment and domain expertise help founders to finance, operate and scale companies solving challenges in the built world
Oakland, California, May 26, 2022–1Sharpe Ventures today announced the close of its inaugural fund at $90 million. 1Sharpe Ventures is the proptech-centric early stage investment vehicle grown out of 1Sharpe Capital, a more than $2.5 billion institutional asset manager with equity real estate investments and a credit fund. The new fund was oversubscribed and marks the 12th total venture for founders Gregor Watson and Rob Bloemker and will focus on global investments in pre-seed to Series A-stage companies leveraging technology to improve the way people access, own and experience real estate.
The first 1Sharpe Ventures fund will make investments in 30–40 companies building technology to progress the real estate system, focusing on three categories:
● Financial Transactions and Access to Capital: improving access to real estate, from mobile-first solutions to financial products that make it more equitable and create opportunities for economic mobility;
● Real Estate Human Capital: transforming antiquated processes with automation and systems that bring greater independence and efficiency to retail, hospitality, office, housing and construction teams;
● Data & Intelligence: creating a more accountable, sustainable and dynamic industry through technology that increases data availability and actionability
Typical check sizes will range from $500,000 to $2 million and connect founders to the 1Sharpe platform, featuring access to a portfolio of large real estate investments, debt expertise, deep industry relationships, product development partners, and talent networks.
Capital has already been deployed from the fund, with five investments made to date in home renovation and sale platform Freemodel; event venue fintech platform, Carats & Cake; rental property ownership platform, Flock Homes, construction tech platform, Cottage, and a Brazilian fintech platform still in stealth.
“We believe that purchasing and owning real estate can be much more efficient and that the environments where we live and work should be healthier, more sustainable and more enjoyable,” said Gregor Watson, co-founder of 1Sharpe Capital and 1Sharpe Ventures. “With 1Sharpe Ventures, we are funding technologies that remove the friction and frustration from these experiences, much like fintech advancements have alleviated hassle from traditional banking experiences. Our team is involved in the earliest days, working side by side with founders and sharing firsthand knowledge of what it takes to bring proptech to market
successfully. Helping them connect the dots to get from idea to scale is our favorite part — it’s where we can be most impactful.”
Watson and Bloemker are serial entrepreneurs, founding and building nine real estate finance and technology platforms together, including Roofstock, Dwell Finance, Lessen, Azibo and Creative Juice, among others. Combined, they have invested over $8 billion in real estate and technology platforms and portfolios encompassing construction lending, multifamily investing, single family rentals and land development. They bring an entrepreneurial approach to founders and business challenges, providing both capital and operational expertise. From practical advice to recruitment of people with specific skill sets, the 1Sharpe Ventures team is well positioned to help proptech founders navigate unique, industry-specific challenges.
Headquartered in Oakland, California, 1Sharpe Ventures has built a team of five employees in 2022, dedicated to venture investment, with plans to expand. Ginny Miller joined as Principal to oversee investment strategy and execution. Feng Wang, Head of Capital Markets at 1Sharpe and former founding team member of LendingHome, will help portfolio companies optimize strategic capital structure. Vice President Kathleen Collins will focus on sourcing and diligencing new opportunities that complement the portfolio.
“Collectively, our team has extensive yet diverse experience investing in and operating real estate companies,” said co-founder Bloemker. “We can relate to founders ’pain points firsthand, and ultimately lend relevant counsel to navigate both challenges and pursue opportunities with greater certainty.”
1Sharpe Ventures was founded in 2021 by Watson and Bloemker as a venture capital vehicle and complement to 1Sharpe Capital, an investment firm that partners with top-tier entrepreneurs, operators and lenders to invest across the capital stack of real estate, structured finance and technology. The name 1Sharpe is derived from the Sharpe ratio developed by Nobel laureate William Sharpe, which measures the balance of an investment’s risk and reward. 1Sharpe Ventures is building a long-term, durable platform to invest in technologies that hold the potential to improve the way people access, own and experience real estate.
About 1Sharpe Ventures
1Sharpe Ventures connects entrepreneurs to capital, talent and customers across the startup journey. The 1Sharpe Ventures team of experienced entrepreneurs and investors brings a portfolio of properties, debt financing, deep industry relationships, product development partners, and talent networks to a growing class of technology founders tackling opportunities in the built world. For more information, please visit 1sharpe.ventures.
This post is for informational purposes only and does not constitute investment advice or an offer to sell or a solicitation of an offer to buy any securities which will only be made pursuant to definitive offering documents and subscription agreements, including, without limitation, any investment fund or investment product referenced herein. 1Sharpe Ventures’ post offers news, commentary, and generalized research, not personalized investment advice. Nothing in this post should be interpreted to state or imply that past performance is an indication of future performance. All investments involve risk and unless otherwise stated, are not guaranteed. Be sure to consult with a tax professional before implementing any investment strategy. 1Sharpe Ventures is an affiliate of 1Sharpe Capital, LLC (“1Sharpe”), a Registered Investment Advisor with the U.S. Securities & Exchange Commission. Registration does not imply a certain level of skill or training.
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