South African VC Firm REdimension Capital Raises USD 10 M+ For Proptech Fund

South African venture capital firm, REdimension Capital, has raised over USD 10 M for its inaugural fund, the REdimension Real Estate Technology and Sustainability Fund I. This is the first close of the fund, which counts Rand Merchant Bank, Investec Property Fund, and Growthpoint Properties as limited partners. Other investors include Liberty Two Degrees, Liberty Group, and Sphere Holdings. The firm hopes to complete the final close of the fund by January 2025.

REdimension Real Estate Technology and Sustainability Fund I will invest in startups that are building solutions to digitise the real estate sector. With an eye on promoting sustainability, the firm also plans to back startups that promote energy efficiency, and lower carbon footprint.