GreenSoil Investments launches new Building Innovation Fund with $25M initial close

Greensoil Investments

GreenSoil Investments announced today the launch of a new fund dedicated to innovation in the real estate market. The GreenSoil Building Innovation Fund (GBIF) will invest in companies who can generate returns for real estate owners, developers, and operators through innovation and efficiency optimizations.

“Real estate is the world’s largest asset class and consumes an enormous amount of resources and manpower,” said Alan Greenberg, Co-founder and Chairman, GreenSoil Investments, in a statement to BetaKit. “Rising utility prices, regulatory requirements, asset ownership consolidation, and tenant/buyer awareness are all driving the need for innovation to improve productivity and deliver growth to the bottom line.”

Targeting a final close of $80-100 million (USD), the GBIF has already secured an initial close of $25 million (USD). According to GreenSoil, the fund will initially focus on investments in North America.

Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.