Camber Creek Closes On $30 Million of Capital for Second Fund
Venture Capital Firm Will Continue to Invest In Early-Stage Companies Driving Innovation in the Real Estate Industry
NEW YORK, June 7, 2018 –Venture capital firm, Camber Creek, has closed a $30 million fund focused on investing in technology companies that provide novel solutions in the real estate industry. Investors in the fund are real estate owners and operators throughout the country who provide strategic value to the investment portfolio. By investing in Camber Creek, these investors stay at the forefront of the industry by having access to vetted, dynamic and purpose-built real estate technology solutions.
“Camber Creek allows us to be active in the real estate tech field. Companies have pitched us before on real estate tech, but it’s difficult to sift through the noise without expertise in the space. Having Camber Creek vet and find the winners is invaluable,” said John Scott, President and CEO of Westminster American Insurance Company, a Limited Partner in Camber Creek.
Investors in Camber Creek and its portfolio companies interact in a mutually beneficial way. Investors are able to utilize the technologies that fit a specific need in their real estate portfolios, and companies have a built-in customer pool, allowing them to grow more quickly.
“Camber Creek not only created an opportunity for us to invest in innovative companies like Latch but also address needs we have with technology. In fact, we are currently installing Latch locks in all of our new multi-family buildings,” said Dave Pollin, CEO of The Buccini/Pollin Group, a Limited Partner in Camber Creek.
In addition, Camber Creek’s expert investor pool enables the firm to conduct a rich and comprehensive due diligence process, a unique attribute for a real estate venture firm. Collectively, the firm’s investors own and manage more than 150 million square feet of commercial real estate and over 150 thousand multifamily units distributed across more than 2000 properties nationwide, and represent a broad spectrum of real estate industry expertise. Camber Creek harnesses this expertise during the due diligence process to determine whether a solution will revolutionize the industry.
“We’ve created an unprecedented investor network,” said Casey Berman, Camber Creek founder and Managing Partner. “We are able to cut through the red tape to make technology accessible quickly and help investors maximize their real estate businesses.”
Camber Creek’s investments include Latch, VTS, Latista (acquired by Textura), ClearEdge (acquired by TopCon), TurboAppeal (acquired by Paradigm Tax), Compstak, Measurabl, and Bowery.
More information can be found at http://www.cambercreek.com/
About Camber Creek
Camber Creek is a venture capital firm investing in technology that is changing the landscape of the real estate industry. Camber Creek’s partners include real estate owners, operators and decision-makers. The firm’s mission is to connect these leaders with the companies that are introducing innovative technologies to the real estate sector. Camber Creek and its partners contribute directly to the success of Camber Creek’s portfolio companies, and partners utilize the portfolio’s technology solutions in their core businesses. Camber Creek, its partners, and its portfolio companies are working together to bring the real estate industry into a technology-driven future.
Camber Creek has offices in New York and Washington, DC.