Civinity, one of the largest facility management and engineering groups in the Baltic states, announced the launch of an investment management firm Pentaframe Capital that will focus on investments into real estate, facility management, and smart city tech startups. In the following five years, the firm plans to invest up to €15 million into PropTech projects across Europe.
Each year, Pentaframe Capital plans to allocate between one and five million euros for investments into property technology (PropTech) startups that develop smart solutions in facility management, data management, improved customer experience, process automation, and other related areas.
Investments into a single project will vary from thousands to half a million euros depending on the long-term potential and the completion level of a startup’s service or product. The firm will focus on projects in the Baltic states, as well as other European countries, including the largest European PropTech market – the United Kingdom.
“Over the past 15 years, Civinity group witnessed a 300-fold growth – both through acquisitions and organic development. However, we understand that further sustainable business growth is limited if it is not fuelled with technological solutions. By launching Pentaframe Capital, we aim not only to accelerate the development of real estate technologies in the Baltic states but also to ensure the integration of the best possible market solutions into the services provided by the group,” says Deividas Jacka, Chairman of the Board and CEO at Civinity.
Pentaframe Capital’s board will oversee the firm’s strategic development, as well as approve all potential investments. The members of the board include the president of the Lithuanian ICT association InfoBalt Mindaugas Ubartas, a vice president of one of the world’s leading electronic market operators Tradeweb (NASDAQ: TW) Virgeda Jackaitė, an investor and Katalista Ventures’ innovation partner Arvydas Plėta, Civinity finance director Giedrius Jakubauskas, as well as Deividas Jacka who will chair Pentaframe Capital’s board.
“Our goal is to support the development of PropTech not only financially, but also with advice, contacts, and an established infrastructure through which startups could test their solutions in real-life conditions and get feedback from real users. I am certain that alongside the financial infusion the experience of both Civinity and Pentaframe Capital board members will be a valuable contribution to startups’ growth and long-term success,” commented Deividas Jacka.