To disrupt prop-tech scene in SA, REdimension Capital closes $10.5 M fund
With total commitments exceeding ZAR250 million (US$10.5 million), South Africa’s REdimension Capital has announced the REdimension Real Estate Technology & Sustainability Fund I’s final close.
Through a platform model intended to generate mutual value for technology companies, financial investors, and real estate corporates, the fund focuses on early-stage prop-tech businesses that propel innovation and sustainability in the built environment.
Along with increased commitments from a few current investors, the fund also secured commitments from new investors in Hyprop Investments and RDC Property Group in this second and final close. Sphere Holdings, Liberty Two Degrees, Rand Merchant Bank, Growthpoint Properties, and Burstone Group are among the new investors.
In addition to funding, the ecosystem gives portfolio companies access to pilot programs, business alliances, and strategic advice.
“We are incredibly grateful to our investors for their trust and support,” said Peter Clark and Matthew Marshall, co-founders of REdimension Capital. “Their commitment has enabled us to position the fund as a leading catalyst for digital transformation in the property sector, and value creation for all stakeholders.”
The fund has developed a portfolio at the nexus of sustainability, technology, and real estate since its initial close in July 2023. The Good People Data Company, a platform for onboarding, workflow, compliance, and data-as-a-service; Rode Publications & Media, a real estate market intelligence and analytics platform; Roomking, a platform that links landlords and tenants in the informal rental market; Admyt, a ticketless parking and mobility solution that includes Mallpass; and RE-Tec Solutions, a tenant lifecycle and property management platform, are among the current investments.
