MOL to back Metaprop
MOL Group’s Osakan subsidiary is planning to invest in Metaprop, a New York-based real estate technology investor. Daibiru Corporation, which was fully acquired by MOL in 2022, is collaborating with the desk of the group’s corporate venture capital fund.
Its newest project is a planned investment in Metaprop Venture IV, which will see the company targeting real estate markets in North America and East Asia in addition to multiple collaborations in Japan itself.
Daibiru intends to back the venture with a fund size of maximally USD 150 million for a time period of ten years starting in 2023. Since its foundation in 2015, Metaprop has extended its reach to more than 175 prop-tech companies.
Both Daibiru and MOL Group are set to collaborate with Metaprop and its portfolio companies in order to synergise their real estate activities. (mk)