Corigin Ventures raises $22M in second fund

Venture capital firm has dedicated much of it to RE tech

TRD New York /
Aug.August 20, 2018 04:00 PM

Corigin Ventures’ David Goldberg (Credit: Corigin Ventures and iStock)

With an eye on investing in real estate tech companies, venture capital firm Corigin Ventures has raised $22 million and plans to bring in another $27.9 million by the end of the year.

The company, which focuses on real estate tech and consumer products, raised nearly half of its $50 million fund from “family offices and high net-worth individuals with connections to real estate,” David Goldberg, general partner at Corigin, told The Real Deal on Monday. He declined to further identify the fund’s investors.

Corigin has already invested $5.75 million from the fund in five real estate-related companies, including home renovation start-up Renoviso, which received $2.5 million; and hotel booking site the Guild, which took in $1.25 million. Another $2.75 million was dedicated to companies unrelated to real estate.

This is Corigin’s second fund, but the first it has launched independently from the balance sheet of its development arm, Corigin Real Estate Group. The company was an early investor at Compass and made a number of PropTech investments with its first fund. Other recipients included Paintzen and LoftSmart.

TRD recently detailed the surge of real estate venture investment. In recent years, there’s been a spike in the number of VC funds devoted exclusively to real estate startups. Major players include Fifth Wall, MetaProp and Camber Creek.

Related Articles

With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)

Real estate stocks push up this week as U.S.-China trade tensions ease

Eric Gordon

Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world

Big Tech locations in NYC

MAP: Here’s a look at all the Big Tech locations in NYC

Hackers stole $10.5M from property management software provider RealPage through an employee’s account (Credit: iStock)

Real estate tech company RealPage hit by $10.5M hack

From left: Bruce Molser, David Schechtman, Bob Knakal, David Greenbaum, and Judi Pulice

New York’s real estate bigwigs offer predictions for 2020

Microsoft CEO Satya Nadella (Credit: Getty Images and Microsoft)

Microsoft’s carbon negative goals could push other tech companies to catch up

Renderings of 130-02 South Conduit Avenue and Triangle Equities’ Joshua Weingarten (Credit: Terminal Logistics)

Triangle Equities lands $87M loan for massive JFK warehouse project

From left: 172 Madison Avenue, 100 East 53rd Street, Woolworth Tower, 53 West 53rd Street, 615 10th Avenue

Loan wolves: Bankers are stalking developers as debts come due