REDSTONE LAUNCHES €50M FUND "TANE" FOR THE BUILT WORLD, JOINTLY WITH FUND PARTNER KAURICAB GROUP

-Tane Fund, operated by a team of entrepreneurs, venture capitalists and real estate specialists, is the newest fund on the Redstone fund platform

-The fund will support founders with the ambition to make the built environment a better place, from decarbonising the sector to facilitating access to the opaque asset class

-The fund has already deployed its first capital and is looking to invest in early-stage rounds across Europe

Berlin, September 6, 2022

Following its vertical focused investment strategy, Redstone launches the "Tane Fund" jointly with its industry partner KauriCAB Group, to support entrepreneurs shaping a more sustainable future of the built environment. Over the past years Redstone has built an exceptional track record combining its proprietary Data Platform with deep industry expertise across 10 funds. In launching Tane, Redstone is doubling down on one of the hottest venture capital sectors in recent months and is manifesting its position as one of the leading European venture capital firms. Being early backers of stellar companies in the space such as PlanRadar, Tane is testament to Redstone's continued conviction towards the segment.

The Tane Fund will focus on tech companies that solve the biggest shortcomings of the industry, which, in light of recent geopolitical tensions, have surfaced clearer than ever. The built world produces almost 40% of global carbon emissions. Labour productivity in the construction sector has remained unchanged since World War 2 while manufacturing productivity has grown by 10x. The poorest quintile of the European population is paying close to 50% of their income towards rent. Achieving homeownership takes us almost twice as long as in previous generations.

With the capital committed to this fund, Tane will invest into tech companies and founders that help decarbonize the built environment, make construction more efficient and less resource-intensive, achieve new standards in building energy efficiency and provide a gateway for facilitated access to real estate ownership. The fund aims to measure the impact each investment will have on the environment as well as society along a standardised framework aligned with the United Nations' Sustainable Development Goals.

The industry has now accumulated an unprecedented momentum and will undergo dramatic changes towards a more sustainable future. For this reason, Redstone considers the timing to be ideal to establish a fund that uses the opportunity of the moment to solve the sector's problems for a better future.

'Never have I seen an industry that needs social and environmental change more urgently. At the same time, our data shows an enormous momentum in the market with so many aspiring founders challenging the status quo of how we construct, operate and transact our built environment. We are here to support those founders in their early stages with capital and meaningful connections. This being the 10th vertical focused fund at Redstone, we have a very good idea of how to pragmatically deliver value for our founders.' says Niklas Grunewald, Founding Partner at Tane. 'We are grateful for the commitment and involvement of some of the leading companies in the space as well as the trust of renowned European family offices as investors to our cause'

For further information: www.tane.fund and www.redstone.vc

Press Contact:

Redstone
Linnéa Kusch
E-Mail: linnea.kusch@redstone.vc

Dircksenstraße 47, 10178 Berlin, Deutschland

About Redstone

Redstone is a European venture capital firm headquartered in Berlin with offices in Paris, Zurich and Helsinki. Dedicated to driving digital innovation across all industry sectors, Redstone is supporting best-in-class startups. Redstone's multiple investment funds are structured around industry sectors and verticals such as the future of manufacturing, Fintech and one of Europe's first Venture Debt funds.

Based on data from millions of startups, Redstone uses data science to ensure the best investment decisions. Known for its original VC-as-a-service model, Redstone has been established since 2014 as an advisor to the venture arms of many of Europe's best-known multinationals and has since then moved to building sector-focused venture capital vintages.

This release was published on openPR.