Johannesburg-based REdimension Capital has announced the final close of its Real Estate Technology & Sustainability Fund I, securing a total of $13.8 million (approximately R250 million). This marks a significant milestone as South Africa’s first dedicated proptech fund, aiming to drive innovation and sustainability in the built environment through early-stage investments.
The fund’s closing was bolstered by new commitments from Hyprop Investments and RDC Property Group, alongside increased backing from existing investors such as Burstone Group, Growthpoint Properties, Rand Merchant Bank, Liberty Two Degrees, and Sphere Holdings. Collectively, these partners manage over 750 commercial properties and more than 12 million square meters of lettable space across South Africa.
REdimension Capital’s platform model connects portfolio companies to commercial partnerships, pilot opportunities, and strategic guidance, helping to accelerate product-market fit and sustainable growth. The fund targets scalable innovations that improve operational efficiency, environmental performance, and user engagement in real estate.
Since its first close in July 2023, the fund has assembled a portfolio of companies operating at the intersection of property, technology, and sustainability. These include Admyt, a ticketless parking and mobility solution; RE-Tec Solutions, a tenant lifecycle and property management platform; The Good People Data Company, a workflow and compliance platform; Rode Publications & Media, a real estate market intelligence provider; and Roomking, a platform connecting landlords and tenants in the informal rental market.
With capital fully secured, REdimension Capital is shifting into a decisive execution phase. The firm will continue deploying funds into promising early-stage technologies while also focusing on deep value creation within its current portfolio. This includes close collaboration with founders, leveraging sector-specific knowledge, and tapping into the operational networks of its strategic investors.
The successful final close of REdimension Capital’s Real Estate Technology & Sustainability Fund I underscores growing investor confidence in technology-driven solutions for the built environment. With a strong network of strategic partners, a diversified portfolio, and a clear execution strategy, the firm is positioned to shape the future of property technology and sustainability in South Africa and beyond.
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