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Pi Labs

GBDEFRSENLIEITPTNOPLILCAUSSGAEOtherB2B SaaSAI/MLClimateDeep TechEnterpriseMarketplacesOther

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Investment thesis

Pi Labs is Europe's first and most active proptech-focused venture capital firm, backing innovators who are transforming our relationship with the built world and its impact on people, business, and the environment. Founded in 2015 and based in London, the firm invests globally at the earliest stages — from pre-seed to Series A — in companies creating a digital and sustainable built world, with a focus on four verticals: Sustainable Construction, Efficient Buildings & Infrastructure, Sustainable & Healthy Cities, and the Future of Work, Retail & Living. Pi Labs believes today's technology is insufficient to ensure the world is fit for generations to come, and therefore sources and invests in the technology of tomorrow. The firm is not afraid to take risks, acting as a long-term partner on the founders' journey. It targets European startups going global, and is also actively investing in North America, Asia, and Israel. Average ticket sizes range from £350K to £2M, with follow-on reserves across the portfolio lifecycle. The firm complements capital with its award-winning Growth Programme accelerator, a powerful ecosystem of mentors, venture partners, and institutional LP co-investors.

Notable quotes

Raising close to $100 million against the backdrop of the Covid-19 pandemic is unprecedented for a fund that primarily targets early-stage proptech ventures.

Faisal Butt · Tech Funding News / Firestarters (Pi Labs Fund III close announcement) · 2022-03-08

RIIICO has the potential to use AI to transform how factories redesign manufacturing facilities in response to business demands and shifting market conditions.

Faisal Butt · Tech.eu — RIIICO $5M Seed round announcement · 2025-06-12

Alrik is solving one of construction's biggest friction points - and the momentum speaks for itself.

Dhruv Gupta · Tech.eu — Alrik €7M round announcement · 2025-05-28

Team

Faisal Butt

Founder & Managing Partner

AI/MLClimateDeep TechB2B SaaSEnterprise

Stefania Ponzo

Partner

B2B SaaSClimateEnterpriseAI/ML

Michael Murad

Partner

Other

Hugo Silva

Principal

B2B SaaSAI/MLClimateCybersecurity

Michelle Wilk

Investment Manager

B2B SaaSAI/MLClimateEnterprise

Dhruv Gupta

Investment Manager

B2B SaaSAI/MLClimateMarketplaces

Recent investments

CompanyRoundSizeDate
CONXAISeries A$5m2026-04-07
RIIICOSeed$5m2025-06-12
AlrikVenture Round (follow-on)2025-05-28
Sorair TechnologiesSeed2025-01-01
KertosSeed (follow-on)2025-01-01
NumraSeed$2m2024-05-16
Sorted TechnologiesSeed$2m2024-04-26
AlrikSeed$1m2024-04-03

Frequent co-investors

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