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Industry

Financial Services

Company Type

Venture Capital

Size

$15 Million

Investment Type

Venture Capital

For additional information, please contact:
Axel Reijmers| Managing Director
(203) 501-7667

Overview

Investment Thesis

The real estate industry will see a surge in technology adoption in the coming years, catalyzed by a shifting macro environment.

Early-stage PropTech funds with < $250 AUM and access to real estate portfolios will disproportionately benefit from this development

 

Performance to-Date

Inception-to-date, our Fund I  has achieved

1.33x MOIC and 19% IRR

1.A detailed financial model with assumptions and scenario analysis functionality is available upon request. Target returns are presented solely for the purpose of providing insight into the company’s objectives, detailing anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of performance. Target returns are not a predictor, projection or guarantee of future performance. There can be no assurance that these targets will be met. There is no guarantee as to the company’s future performance or the adequacy of the methodology used for estimating future returns. Target returns should not be used as a primary basis for an investor’s decision to invest

Opportunity

Technology has not meaningfully penetrated real estate – the world’s largest asset class, valued at over $375 Trillion

 

  • Facing high cost of capital, rising OpEx and carrying costs, and a labor shortage, real estate is increasingly turning to technology to solve its problems

 

  • Adoption will gain momentum amid these mounting macro pressures

 

  • The PropTech industry is positioned to grow from $33.57B in 2023 to $89.93B by 2032 – an 11.9% CAGR

Our Advantages

Expertise

 

We are real estate operators, and approach investment and management with first-hand experience of the problems this industry faces

Network

 

Our network of developers, operators, vendors, and investors – many of whom are our LPs – acts as a catalyst for success. These relationships amplify the potential of our portfolio companies

Active Platform

 

We leverage our real estate investment, management and development platforms to source ideas, diligence solutions, grow revenue, and refine products/solutions

Proactive Portfolio Management

We’ve created  a repeatable & scalable portfolio management process that reduces risk & improves outcomes

Hands-on Approach

 

Board involvement and routine strategy calls to ensure close alignment, provide problem-solving support, and assist with recruiting

Back Office Services

 

Productized financial services offering (accounting, KPIs and FP&A)  for those companies that would benefit from fractional CFO and accounting support during the seed stage

PortCo / LP Commission Model

 

Referral program that compensates the Fund and its LPs for introducing portfolio companies to customers in our network – aligning interests and generating yield (see Appendix A)

Our Process

Our Team

Paolo Boero

Managing Partner

Matt McDonnell

Managing Partner

Nicholas Yarnall

General Partner

Pedro Cuevas

CFO

William Yarnall

Sr. Associate

Noah Bachow

Founder / CEO

Bachow Ventures

Marko Kazanjian

Senior MD, Capital Markets

Institutional Property Advisors

Michael Patton

Founder / CEO

Fetch Package Delivery

Specific Risks

  • Early-stage company risk – limited financial history, limited assets, and cash flows

 

  • Economic risk – decline in economic demand could negatively impact valuations, and prevent expected returns on investment

 

  • Key person risk – lightly-staffed and fund expertise is concentrated in a few key executives

 

  • Competitive risk – early-stage venture investing is highly competitive with new opportunities coming into the market and new funds vying for dynamic but selective pool of prospects, leadership and labor. Existing and/or new entrants, some with deep pockets and global operations, could develop and/or expand to compete in Stellifi’s markets

 

  • Technology risk – new and/or preferred technologies may enter market; infringement on patent and/or trade secrets

 

  • Regulatory and legislative changes could negatively impact the platform

 

  • Private securities are speculative, illiquid, and carry a high degree of risk – including the loss of the entire investment.
Learn More About Stellifi Venture Capital

Thank you for your interest in Stellifi Venture Capital.

Please fill out your information and we will contact you shortly with more information on this opportunity.

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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