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MetaProp raises $40M

RXR is an investor

MetaProp co-founders Aaron Block, Clelia Peters. and Zach Aarons
(Credit: MetaProp)

MetaProp raised $40 million for its second fund. The real estate tech accelerator has been home to Bowery and LoftSmart.

Target deal size: MetaProp typically invests between $150,000 to $2 million in early stage companies, according to Bloomberg.

Interesting note: On the first day of the accelerator, founder Aaron Block advises young entrepreneurs how to succeed in our ruthless industry. He explains that the key is to squarely focus on increasing real estate professionals bottom line. Forget the idealism! 

Investors in the fund include: Cushman & Wakefield, RXR Realty, CBRE, PGIM Real Estate, and JLL Spark.

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