Tl;dr:
- Grosvenor, a UK property company, makes its first investment in a VC fund by investing in Noa, a VC fund focused on technologies reducing greenhouse gas emissions in real estate and construction sectors.
- Noa, founded in 2019, is Europe’s largest VC firm in the built environment sector and has a €250m fund backed by European real estate owners, operators, and family offices.
Grosvenor, a UK property business owned by the Duke of Westminster and his family, has made its first investment in a venture capital fund by backing Noa. While Grosvenor has previously directly invested in startups like Commonplace and Demand Logic, this marks their entry into the VC fund space. Noa, established in 2019, focuses on technologies that aim to reduce greenhouse gas emissions in real estate and construction. The firm’s €250m fund is supported by various European real estate stakeholders, making it the largest VC firm in Europe dedicated to the built environment sector.
This strategic investment by Grosvenor showcases the company’s commitment to sustainability and innovation within the real estate industry. By supporting Noa and its focus on supply chain technologies, building design, construction, and energy transition, Grosvenor aligns itself with the growing trend of environmentally conscious investments in the market.
