M7 launches new tech fund

M7 has launched a proptech VC fund in what marks the company’s increasing commitment to advancing tech in real estate.

M7 executive chairman Richard Croft revealed the business had hired a team to “take on, in a small way, organisations like Fifth Wall so we can have a UK-led proptech venture fund”.

Croft said the new fund, M7 Structura, will “start off small, a few tens of millions”, with the aim to make this a bigger part of the company’s portfolio.

“We’re going to start off small and see how it goes,” he said.