Key Takeaways
- • Camber Creek closed Fund III oversubscribed at $155 million in capital commitments, exceeding its original $120 million target by 29%, signaling strong institutional demand for proptech investment vehicles.
- • The Washington, D.C.-based venture capital firm now manages more than $250 million in total assets under management across multiple funds, with offices in Lower Manhattan, New York, and San Francisco.
- • Camber Creek's portfolio includes established proptech exits and growth-stage companies such as Notarize, VTS, Latch, Bowery, Measurabl, Compstak, and Building Engines, demonstrating access to proven deal flow in the real estate technology sector.
- • The firm's partnership team combines over 60 years of real estate industry experience with more than 30 years of venture investing expertise, providing domain-specific value-add beyond capital deployment.
- • Fund III's successful close reflects sustained institutional appetite for specialized real estate technology venture funds during the 2020 investment cycle, despite broader market uncertainty.
Summary
Camber Creek, a Lower Manhattan-based venture capital firm specializing in early- and growth-stage real estate technology companies, announced the closure of its third fund with $155 million in capital commitments as of October 28, 2020. The fund closed oversubscribed, exceeding the firm's initial $120 million target, indicating strong institutional confidence in the firm's investment thesis and track record in the proptech sector.
Founded in 2011, Camber Creek manages more than $250 million in assets under management across its fund portfolio. The firm maintains offices in Washington, D.C., New York, and San Francisco, positioning it to source and monitor deals across major real estate and technology hubs. The partnership team, which includes founders and general partners Casey Berman, Jake Fingert, Jeffrey Berman, and Mitchell Schear, brings combined expertise of over 60 years in real estate operations and over 30 years in venture capital investing.
Fund III will deploy capital following the firm's established strategy of hands-on investment in proptech companies at various development stages. The firm's existing portfolio includes both successful exits and high-growth ventures, including Notarize, VTS, Latch, Bowery, Measurabl, Compstak, and Building Engines. According to Casey Berman, founder and general partner, the firm plans to "continue our proven strategy and hands-on approach to investing in proptech companies." General partner Jake Fingert emphasized that the firm's "disciplined process for analyzing, beta testing, and scaling great companies in partnership with our network provides a meaningful advantage in the market."
The oversubscription of Fund III reflects sustained institutional capital allocation to real estate technology despite market volatility in 2020, underscoring continued belief in digital transformation across the commercial and residential real estate sectors.
Founded in 2011, Camber Creek manages more than $250 million in assets under management across its fund portfolio. The firm maintains offices in Washington, D.C., New York, and San Francisco, positioning it to source and monitor deals across major real estate and technology hubs. The partnership team, which includes founders and general partners Casey Berman, Jake Fingert, Jeffrey Berman, and Mitchell Schear, brings combined expertise of over 60 years in real estate operations and over 30 years in venture capital investing.
Fund III will deploy capital following the firm's established strategy of hands-on investment in proptech companies at various development stages. The firm's existing portfolio includes both successful exits and high-growth ventures, including Notarize, VTS, Latch, Bowery, Measurabl, Compstak, and Building Engines. According to Casey Berman, founder and general partner, the firm plans to "continue our proven strategy and hands-on approach to investing in proptech companies." General partner Jake Fingert emphasized that the firm's "disciplined process for analyzing, beta testing, and scaling great companies in partnership with our network provides a meaningful advantage in the market."
The oversubscription of Fund III reflects sustained institutional capital allocation to real estate technology despite market volatility in 2020, underscoring continued belief in digital transformation across the commercial and residential real estate sectors.
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