[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: MetaProp.]
Founded in 2015 by Zach Aarons and Aaron Block in New York, MetaProp is one of the world’s most established venture capital firms focused exclusively on the prop tech sector. They invest at the early stage, with check sizes ranging between $25,000 and $250,000.
The portfolio includes more than 115 companies, which have raised more than $2 billion and employ 1,500+ people. PadSplit, Briq, HqO are among those that have collectively exceeded $2 billion in funding with 8 successful exits. With over $110 million dispersed over three funds, they are seeking to raise $200 million for their fourth and largest fund, the MetaProp Growth Select I, to invest larger checks in later-stage companies.
MetaProp’s 22 week accelerator program and eight week pre-accelerator program are operated in partnership with Columbia University, and provide access to the RE200 mentor network of over 80 C suite real-estate professionals along with other benefits.
Represented in the GEM: Aaron Block
What we like: With over 15 billion square feet of property, MetaProp’s limited partners often serve as crucial initial customers for portfolio companies in need of distribution to fuel growth. It’s great to see its partnership with Enterprise Community Partners to help address the housing affordability crisis.