Prudential, CBRE Join Startup MetaProp's $40 Million Fund
- Traditional real estate companies backing firm’s second pool
- MetaProp connects tech entrepreneurs with property companies
This article is for subscribers only.
Some of the biggest names in the traditional commercial-property world are participating in a $40 million venture capital fund aimed at bankrolling real estate technology startups.
Backers of MetaProp Ventures II LP include Prudential Financial Inc.’s investment management arm PGIM, Scott Rechler’s RXR Realty and three of the biggest commercial-property brokerages: CBRE Group Inc., Cushman & Wakefield and the technology-innovation unit of Jones Lang LaSalle Inc., JLL Spark.