Topaz Ventures, a venture platform focused on real estate technology, has made a successful exit from Visitt, an artificial intelligence-driven property operations platform, following the company's $22 million Series B financing round.
Visitt's platform provides a unified AI interface for commercial real estate property teams, covering maintenance, tenant communication and operational workflows.
Topaz Ventures operates through TopazProp Ventures LP and is administered via AngelList as a strategic venture platform affiliated with Topaz Capital Group, typically targeting seed-stage and Series A investments in capital-efficient startups across property operations, asset management and real estate financial infrastructure.
Marc A. Hershberg, general partner of Topaz Ventures, said: "Our investment in Visitt demonstrated how powerful technology becomes when it is built alongside real estate operators solving real operational pain points."
Following the exit, Topaz said it is expanding its investment pipeline and actively seeking early-stage proptech companies, while offering portfolio pilots and access to its network of property owners, operators and developers.
The recap
- Completed exit from Visitt following its $22 million Series B.
- Targets companies with pre-money valuations of $15 million to $50 million.
- Is expanding pipeline and seeking Seed+ and Series-A investments.