GP 40: PropTech’s Origin Story and What Next: with Faisal Butt of Pi Labs

In this episode, Tom Larsson speaks with Faisal Butt, founder of Pi Labs, about the evolution of PropTech and real estate venture capital. Faisal reflects on his journey from a tech-driven background to pioneering investments in property technology, coining the term “PropTech.” He discusses Pi Labs’ progression across three funds, investing in startups ranging from SaaS to robotics and AI. Highlighting breakthroughs like AI converting architectural drawings and security drones, Faisal emphasises the need for clearer pilot-to-rollout processes in real estate innovation. He advocates for defined ROI and leadership trust to unlock scalable growth and drive industry-wide transformation.