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After a 30-year career at one of the world’s top developers, many real estate professionals would be happy with a comfortable retirement or a few cushy non-executive directorships. Not so former Tishman Speyer Senior Managing Director Michael Spies.
Having left Tishman in January, after pioneering the firm’s business in Europe, Spies is making waves in the world of proptech. He has set up his own investment firm, Fuse Ventures, joined the board of well-known tenant engagement firm Equiem and, most recently, joined one of the largest investors in the proptech world, Navitas Capital, as a venture partner.
Navitas, whose backers include JLL, Equity Residential, AvalonBay and Saint Gobain, is raising its third venture capital fund targeting real estate and construction technology. At $100M, it will be one of the largest yet raised in the sector.
It is a fascinating moment to be making the jump to full-time proptech professional. The coronavirus crisis has the potential to turbocharge the growth of the proptech sector, as real estate has its arm twisted into fully embracing digital ways of working. But at the same time, as a recession bites, funding…
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