Alternatives specialist Värde Partners is taking a minority stake in the property technology venture capital firm Pi Labs, leading other investors in a capital raise for the London-based company.

Pi Labs, Europe’s first venture capital platform investing solely in early-stage proptech, said the strategic equity investment would speed up its international growth. 

Neither the amount of capital raised nor the size of the stake taken by Värde Partners were disclosed by the two companies.

Pi Labs — which has invested in companies such as Airsorted, a global Airbnb management service — said the new capital injection would be used to scale the business as part of its aim of creating a globally-diversified portfolio.

Dominic Wilson, managing partner at Pi Labs, said: “This strategic round will help us accelerate our ability to fund and support high-growth property tech companies worldwide.”

The firm will retain its headquarters in London, but he said his company saw opportunities in several markets and would look to expand its team.

“We received several unsolicited expressions of interest from investors,” Wilson said.

Tim Mooney, partner and global head of real estate at Värde, said the investment in Pi Labs gave his firm “an important early view into new and emerging technologies.”