Europe’s first property tech accelerator to launch in London

Shoreditch-based Pi Labs will provide start-ups with access to office space, investment and mentoring

Europe’s first property-focused tech accelerator has been announced and is set to launch in new 20,000 sq. ft. Shoreditch co-working space Second Home.

Property Innovation Labs (Pi Labs) will provide budding property start-ups with access to mentoring and investment, as well as office space in the Second Home building; the latest venture from David Cameron’s former tech adviser Rohan Silva.

Launched in partnership with estate agents Cushman & Wakefield, Spire Ventures, and entrepreneurs Faisal Butt and Umesh Kumar, Pi Labs will seek to capitalise on the ever growing property sector to help “create the next Zoopla, the next AirBnB and the next Nest”.

The announcement follows several recent investments in the property market; in August “24/7” estate agency Purple Bricks secured £7m, last month buy-to let property investment platform Property Partner raised £1.25m, and just two weeks ago easyJet’s Stelios Haji-Ioannou closed a £1.42m crowdfunding round to support the launch of easyProperty.

Pi Labs founder and CEO, Butt, commented: “Pi Labs’ vision is to drive the next generation of technological innovation in the property sector. Through Pi Labs, we can empower prop-tech start-ups requiring space, access to capital and support and ultimately, help spawn the next wave of tech company success stories.”

Applications for the first intake of Pi Labs will open later this month.

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