By Adam Stanley, Global CIO and Chief Digital Officer
Cushman & Wakefield was proud to see property tech venture firm MetaProp announce the closing of its second investment fund at $40 million, in which Cushman & Wakefield is the largest commercial real estate services provider.
MetaProp, founded in 2015 by Zach Aarons, Clelia Peters and Aaron Block, invests $25,000 to $250,000 in pre-seed and seed-stage PropTech companies. It also incubates up to 10 startups each year – offering research, advice and other services – and this year expanded its incubation program to Europe.
The arrangement doubles down on our strategic services partnership with MetaProp, announced last year, and continues to position Cushman & Wakefield and our clients to take advantage of early-stage investment opportunities. The agreement also underscores our “partner first” philosophy.
By placing bets with technology investors and early-stage PropTech companies, along with thought leaders in both commercial real estate and technology, we are well-positioned to capitalize on PropTech developments and capture impactful trends as they start.
MetaProp announced in 2017 that it was seeking to raise at least $25 million for its PropTech venture fund. The final number shows stronger interest in this space, with Cushman & Wakefield as one of the larger investors.
Cushman & Wakefield is focused on future direct investments and partnerships in the PropTech space as well as on targeted investment funds. We intend to continue to align our business and technology teams to take advantage of opportunities in commercial real estate technology and lead the way for our industry.
Adam Stanley is Global CIO and Chief Digital Officer at Cushman & Wakefield. He provides strategic and operational direction for Cushman & Wakefield’s client-facing and colleague technology systems and infrastructure across all global business lines. Drawing on his more than 20 years of industry experience, Adam is an integral member of the global executive team and a change agent with proven success driving growth, performance, talent retention and innovation.