Civinity, a Lithuanian facility management and engineering groups in the Baltics, announced the launch of an investment management firm Pentaframe Capital that will focus on investments into real estate, facility management, and smart city tech startups.

In the following five years, the firm plans to invest up to €15 million into proptech projects across Europe.

Each year, Pentaframe Capital plans to allocate between one and five million euros for investments into proptech startups that develop smart solutions in facility management, data management, improved customer experience, process automation, and other related areas.

Investments into a single project will vary from thousands to half a million euros depending on the long-term potential and the completion level of a startup’s service or product.

The firm will focus on projects in the Baltic states, as well as other European countries, including the largest European proptech market – the United Kingdom.

Pentaframe Capital’s board will oversee the firm’s strategic development, as well as approve all potential investments.

Civinity controls more than 20 companies that manage 10 million sq. m. of residential and commercial buildings and have installed several thousands of engineering systems across various European cities.

Its team has 1,500 employees in Lithuania and Latvia.

“By launching Pentaframe Capital, we aim not only to accelerate the development of real estate technologies in the Baltic states but also to ensure the integration of the best possible market solutions into the services provided by the group.

 

Our goal is to support the development of proptech not only financially, but also with advice, contacts, and an established infrastructure through which startups could test their solutions in real-life conditions and get feedback from real users.”

said Deividas Jacka, Chairman of the Board and CEO at Civinity.