CDL commits undisclosed investment sum to Taronga Ventures


The Business Times, Michelle Zhu, 02/03/2022

CITY Developments Limited (CDL) CityDev: C09 -0.98% has committed an undisclosed sum of investment to venture capital firm Taronga Ventures for its Asian built environment technology fund, RealTech Ventures Fund.

Taronga Ventures has offices in both Singapore and Australia.

RealTech Ventures Fund has portfolio investments in global emerging technology companies impacting the built environment.

Other investors in the most recent close of the fund include Prudential’s PGIM Real Estate, Canadian real estate company Ivanhoé Cambridge and Dutch pension investor APG.

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