Pi Labs is, to our knowledge, Europe’s first property-innovation focused accelerator. It was founded to identify and invest in the next generation of property related technology startups which have the ability to grow into the likes of Zoopla and Airbnb.
Founded by Faisal Butt, CEO and founder of Spire Ventures, Pi Labs plans to create a £500,000 fund which will invest in up to 15 startups over the next 18 months.
An accelerator programme is a hands on model for funding and accelerating the growth of early stage startups. Accelerator success stories include the likes of Dropbox, Airbnb and Reddit.
The Pi Labs accelerator aims to provide a selected group of startups with office space, mentors, and access to a sector focused network and investor group to help accelerate their growth. Each team will undertake our 3 month programme which will conclude with a Demo Day in which each team presents to a group of London’s top investors.
Pi Labs operates in partnership with global real estate firm Cushman & Wakefield and property venture capitalists, Spire Ventures. This partnership brings an extensive range of sector specialism, contacts and networking opportunities to the Pi Labs teams.
The Pi Labs fund has been set up to provide investment to the companies going through the accelerator programme. At the start of the programme the selected companies will be provided with £20,000 of investment for a 7% equity stake.
At the end of the programme certain teams will be offered follow-on investment of between £50,000-£150,000 for additional equity. This will be subject to the performance of a valuation, necessary due diligence and approval from our investment committee.
By investing in the Pi labs fund you will get a ready-made portfolio of startups selected and supported by a highly specialised and experienced investment team backed by sector professionals.