ESG Tech: PI Labs

Project Achievements

• 80% of Pi Labs investments have an ‘E’ ‘S’ or ‘G’ angle
• Pi Labs own ESG Policy formalised in 2023
• ESG performance of investments now monitored on an annual basis
• Every Investment Committee Paper includes an ESG analysis which is reviewed by Pi Labs ESG Venture Partner
• 44% of aggregate capital commitments to Pi Labs III invested as of 31/12/23

Pi Labs is a leading European VC established in 2015 to raise and invest third party funds in early stage PropTech businesses. Revcap benefits from the returns generated through its investment in the fund ‘Pi Labs III’, shares of carried interest, a future sale of its stake in Pi Labs GP and has priviledged access to early stage PropTech companies which Revcap’s portfolio companies can then utilise.

Pi Labs places a particular emphasis on investing in and developing new technologies with a strong ESG and climate lens, be that through emission reduction technologies, improving health and wellbeing or ESG data management software. Traditionally, the real estate sector has been slow to embrace new technologies, which is why Pi Labs is committed to accelerating the growth of promising innovations as they emerge to support decarbonisation across the industry and create a more sustainable built environment.

Investing in Green Tech: Pi Labs Case Studies

FenestraPro provides architects with the tools they need to design environmentally efficient buildings more cost-effectively. Its software platform enables designers to rapidly optimise the thermal, solar and daylighting requirements of building façades, and provides a detailed understanding of how key design decisions affect energy performance improve occupant comfort.

Demand Logic’s Software-as-a-Service platform provides actionable intelligence to property managers, enabling them to improve wellbeing, prioritise maintenance, and save energy and carbon. The company helps to minimise carbon emissions by seeking to reduce energy costs by 10-30% and maintenance time by 30%.

CHRG Network provides an SaaS platform for electric vehicle charging that connects private charging stations situated on both commercial and residential real estate into a single, easy to navigate network. The young company’s ambition is to become the Airbnb of electric charging by allowing the owners to share and monetise their charging stations.