Metalgalante S.p.A.
MSC Mediterranean Shipping Company
CAF Data Centre Industry Outlook
Car Mix

twitter Facebook Linkedin acp Contact Us

South Africa’s first dedicated proptech fund

REdimension Capital founders Peter Clark and Matthew Marshall. (Image source: REdimension Capital)

REdimension Capital, an investment firm, has announced the first close of its inaugural fund focused on investing in early-stage technology companies that deliver improvements in the way property is development, managed and engaged

The REdimension Real Estate Technology and Sustainability Fund I has received support from leading stakeholders in South Africa’s real estate sector. In doing so, the fund has built an ecosystem of mutual value to deliver both investment and operating returns while accelerating technology adoption. 

It will target investment in companies developing high-impact solutions that operate at the convergence of real estate and technology and will focus on areas which have a clear value proposition to solve sector challenges. These include built-world technologies that aim to improve the way assets are experienced, streamline management processes and decision-making, and which accelerate the digitalisation of the real estate industry. REdimension Capital has also indicated that sustainability lies at the core of the fund mandate and is committed to supporting technologies that promote energy efficiency and reduce carbon footprints alongside local community engagement. 

REdimension Capital has reported that the fund has now achieved its first close target with commitments of more than R200mn (approximately US$10.7mn). Founding investors include Investec Property Fund, Growthpoint Properties and Rand Merchant Bank. It has also received further support from Liberty Two Degrees, Liberty Group and Sphere Holdings, amongst others. 

The company is expecting additional strategic commitments to be made to the fund before a final close on/before January 2025 with significant interest being registered from a range of co-investment partners. 

Founders of REdimension Capital, Peter Clark and Matthew Marshall, jointly stated, "We are thrilled to have achieved a first close for the REdimension Real Estate Technology and Sustainability Fund I. It marks a significant milestone in the evolution of property technology investment in South Africa. We are grateful for the support received from our founding investors and look forward to delivering for them while creating a meaningful and lasting positive impact on the markets in which we operate."

African Review

Most Read

The Bell team in Richards Bay consists of more than 800 machinists, welders, and assemblers. (Image source: Bell)

GFE Power Product’s extensive range covers generators from 10 kVA up to 3,000 kVA. (Image source: GFE Power Products)

The funding is the largest-ever equity raise in the minigrid industry according to Husk. (Image source: Adobe Stock)

The initiative will help African contractors participate in annual infrastructure investments. (Image source: Afreximbank)

ITS has evolved into a sophisticated systems approach, providing numerous opportunities to revolutionise road networks. (Image source: Adobe Stock)

Invest International’s Lara Muller; Ivory Coast Minister of Finance and Economy, Adam Coulibaly; and Ambassador Designate to Ivory Coast, Jeroen Kelderhuis. (Image source: Invest International)

Inside Condra’s Johannesburg factory: an overhead crane positions an electric motor during assembly of hoist and crab. (Image source: Condra)

The Yellow Metal Machine Rental team with some Wacker Neuson equipment. (Image source: Wacker Neuson)

The parties will also promote the mutual exchange of information and expertise in the field of export credit policies and practices. (Image source: TBD Group)

Although displaying resilience, the report warns that African banks remain exposed to physical climate risks due to both sovereign and industry lending. (Image source: Adobe Stock)

WAA and VCMI will seek to establish regulatory frameworks to enable access to high integrity and fair voluntary carbon markets for WAA member countries. (Image source: Adobe Stock)

IVECO is renewing its entire product range, all at once. (Image source: IVECO)

Both the IMF and EIU expect SSA to rank as the world’s second fastest growing economy in 2024. (Image source: Adobe Stock)

The MoU was signed alongside the Africa Health Business Symposium. (Image source: Africa CDC)

There has been a focus on the sugar industry. (Image source: Adobe Stock)

Latest news

The HQ is expected to be completed and handed over by February 2025. (Image source: ECOWAS)

Africa’s share of global manufacturing only sits at around 2% today. (Image source: Adobe Stock)

There are numerous but not insurmountable challenges facing Africa's aviation sector, according to IATA. (Image source: Adobe Stock)

Africa Energy Forum 2024 was held in the Fira de Montjuïc in Barcelona. (Image source: ACP)

The quality design and manufacture of SEW-EURODRIVE South Africa’s panels and enclosures can be suited to any customer requirement wall mounts. (Image source: SEW-EURODRIVE)

African countries will require over US$45bn in the coming eight years to plug the gap in its transmission systems. (Image source: Synergy Consulting)

BII commits US$75mn to second Green Basket Bond with Symbiotics Investments to finance small-scale green projects in Africa, South, and South-East Asia. (Image source:

Transforming Africa's digital economy: Data Centres powering growth, innovation, and sustainability in the digital era. (Image source: Adobe Stock)

The Linnhoff TSD1500 Asphalt Mixing Plant is undertaking crucial work on two rural road projects in Kenya. (Image source: Lintec & Linnhoff)

AI-driven energy-sharing platform will be integrated with ABB energy management technology. (Image source: ABB)

ENGIE Energy Access starts mini-grid construction in Zambia. (Image source: ENGIE Energy Access)

ATIDI and Globeleq boost Kenya’s renewable energy with pioneering geothermal initiative, reinforcing regional sustainability goals.

This partnership aims to enhance sustainable development and advance climate action initiatives throughout the continent. (Image source: Adobe Stock)

Orange Energies has aimed to make energy more accessible, becoming a preferred partner for energy producers in regions where half the population lacks electricity. (Image source: Adobe Stock)

Global primary energy consumption overall was at a record absolute high in 2023. (Image source: Adobe Stock)

Genset BuyersGuide
Construction Buyers Guide