Venture capital firm Camber Creek has closed an oversubscribed fourth fund with capital commitments of $325 million. Founded in 2011, the firm is focused on technology and innovative companies transforming the real estate industry and has $500 million in assets under management. Its notable proptech investments include Building Engines, Curbio, Flex, FlyHomes, HappyCo, Latch, Measurabl, and Notarize.
“We greatly appreciate our investors’ overwhelming support and enthusiasm for our hands-on and value-added approach,” said Casey Berman, founder and managing partner of Camber Creek. “Our limited partners are an exceptional group of institutional investors and many of the world’s leading real estate firms. We are honored to work with them in identifying and supporting category-defining proptech companies.”
According to Camber Creek, its partner team has over 60 years of real estate industry and over 30 years of venture investing experience. Over the past decade, the venture capital firm has invested early and supported the growth of 34 proptech companies, with almost half of the companies successfully existing or currently being unicorns. It rapidly doubled its previous fund size of $155 million, building on its track record and experience in the space.
“You can’t change an entire industry without partners,” said Patrick Kinsel, CEO of Notarize, an on-demand remote electronic notary service and a Camber Creek portfolio company. “Camber Creek is tireless in making introductions, helping us refine our strategy, and creating opportunities that we work on together. When they back you, you feel like you have an army behind you.”
Matt Ellis, CEO of Measurabl, an ESG software solution and Camber Creek portfolio company, also added that the firm understood from day one how urgently the real estate industry needed to take action on sustainability. “Their credibility with companies managing billions of square feet of office space opened so many doors,” he said.
