Proptech Investor Camber Creek Raises Over $100M for Real Estate Tech Fund
Real estate venture capital firm Camber Creek, with nearly $1 billion in assets under management, raised more than $100 million for its oversubscribed Opportunity Fund I despite a challenging environment for prop tech funding.
The new fund’s limited partners include existing and new institutional and strategic investors and gives the firm an opportunity to retain its pro rata on earlier investments as well as invest in opportunities unique to the current market environment, according to Camber Creek.
The latest raise follows the Washington, DC-based firm’s $325 million haul for its Fund IV, which closed last year.
“The current market environment is providing some exciting investment opportunities at attractive valuations,” said Jake Fingert, a Partner at Camber Creek.
“Our 300-plus strategic Limited Partners give us an incredible market advantage,” added Jeffrey Berman, also a Partner at Camber Creek.
Founded in 2011, the firm’s notable proptech investments include Arcadia, Bilt Rewards, Curbio, Flex, HappyCo, Measurbl, Notarize and VTS. The firm has also exited previous investments, including the sales of TaskEasy to WorkWave and Building Engines to JLL.