REdimension Capital (Redimension) announced the final close of its REdimension Real Estate Technology & Sustainability Fund I, securing total commitments of more than R250 million. The close marks a significant milestone for South Africa’s growing property technology (proptech) ecosystem, reinforcing investor confidence in the sector’s potential to drive digital transformation and environmental sustainability in real estate.
In this second and final close, the fund attracted commitments from new investors, including Hyprop Investments and RDC Property Group, while also receiving additional backing from existing investors. The result is a robust capital base intended to support high growth, scalable technologies reshaping the real estate sector.
Strategic Focus on Proptech and Sustainable Real Estate
Redimension’s Fund I is focused on supporting early- to growth-stage ventures developing innovative solutions that enhance operational efficiency, reduce environmental impact, and improve user engagement in real estate. In addition to funding, the firm provides its portfolio companies with strategic support, access to pilot programmes, and commercial partnership opportunities to accelerate market adoption.
“We are incredibly grateful to our investors for their trust and support,” said Peter Clark, co-founder of REdimension Capital. “Their commitment has enabled us to position the fund as a leading catalyst for digital transformation in the property sector, and value creation for all stakeholders.”
Who is Redimension Capital?
Redimension is a Johannesburg-based investment firm that invests in scalable, high-impact solutions that transform how real estate is designed, developed, managed, and experienced. Its investment thesis is anchored in three strategic pillars:
Deep sector insights - The firm leverages research to identify investment opportunities, with a focus on solutions with market demand and meaningful application.
Ecosystem value creation - The firm’s investment model works to accelerate adoption, opens distribution channels, and provides critical feedback loops to support product-market fit and scale.
Long-term support - Redimension looks to partner with startups in the growth stages and continue to invest as they scale.
“We believe that real transformation happens where capital, innovation and collaboration intersect,” said Clark. “Our approach is to actively partner with our portfolio, not only through funding but through unlocking growth opportunities across the real estate value chain.”
Since the first close in July 2023, the fund has invested in a diverse group of startups that reflect its commitment to innovation and impact:
Admyt - a ticketless parking and mobility solution that includes Mallpass, a digital in-mall companion.
RE-Tec Solutions - A cloud-based tenant lifecycle and property management platform.
The Good People Data Company - Provides onboarding, compliance, workflow, automation, and data-as-a-service solutions.
Rode Publications & Media - Offers a suite of real estate market intelligence and analytics tools.
Roomking - Connects landlords and tenants in the informal rental market through a streamlined digital platform.
South Africa’s Proptech Sector Sees Rapid Growth
Much like sectors such as fintech, agritech and edtech, proptech is emerging as a key vertical in the tech startup ecosystem. By integrating advanced technologies such as artificial intelligence (AI), blockchain, the Internet of Things (IoT), machine learning, smart sensors, virtual reality, and data analytics, proptech companies are changing how real estate is bought, sold, built, and managed.
South Africa’s proptech sector has shown rapid expansion, growing from around 50 companies in 2019 to over 150 by 2023. The rise is driven by demand for smarter, more sustainable real estate solutions, particularly in commercial, retail, and affordable housing sectors.
With Fund I currently standing as South Africa’s only funding vehicle for proptech and sustainability investments, REdimension Capital is poised to play a leading role in shaping the future of South Africa’s real estate sector. The firm’s targeted approach could provide a blueprint for real estate innovation across emerging markets.
Lungile is the Digital Editor for Startup.Africa, with a knack for storytelling, technology and innovative ideas. Working with Startup.Africa, she takes simple ideas and turns them into amazing stories.
Lungile Msomi
