RET Ventures Closes Oversubscribed Fund at $165 Million

Palo Alto – June 24, 2021 – Cooley advised RET Ventures on the formation of its second, oversubscribed fund at $165 million. Lawyers John Dado and Jimmy Matteucci led the Cooley team advising RET Ventures, an industry-backed venture capital firm focused on technologies for the multifamily, single-family rental, homebuilding and the broader real estate asset classes.

RET Ventures Fund II follows RET’s $109 million initial fund raised in November 2018 and far surpasses its initial target of $130 million due to extremely strong investor interest. The fund is backed by the venture capital firm’s growing base of strategic investors, which includes more than 40 leading multifamily and single-family real estate owners, operators and developers in North America who serve as technology development partners and customers for the startups RET invests in.

“Our mission at RET Ventures from the beginning has been to bring together entrepreneurs and the institutional owners and operators that power the $7 trillion multifamily and SFR industries to drive innovation and create a better, more efficient and more sustainable housing sector,” John Helm, founder and partner of RET Ventures, said in a news release. “After the great success of our first fund, we are excited to more than double the size of our strategic investor base in this new fund, which will enable us to further shape the future of real estate technology in the years to come.”

RET Ventures is the first industry-backed, early-stage venture fund to strategically focus on helping build cutting-edge “rent tech” technology for multifamily and single-family rental real estate. Through its deep expertise and connections within the industry, RET has created a unique real estate innovation ecosystem that delivers significant value to the companies it backs, providing them with access to thought leaders, development partners and ongoing guidance.

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