Spire Ventures

Investment decisions are led by Founder Faisal Butt and Investment Director Veer Mehta, who manages the full deal lifecycle from origination through due diligence to portfolio oversight. Mehta also represents Spire on several portfolio-company boards. The pair is supported by a team of venture partners with deep real-sector operating experience, including James Caan CBE and David Newnes.

Faisal Butt founded Pi Labs in 2015 as Europe's first property technology venture platform, and Spire Ventures is a separate but aligned investment firm with a broader mandate across real estate platforms and services. Pi Labs operates as an early-stage PropTech venture capital firm with over 80 investments across 15 countries, while Spire Ventures participates in a wider range of property-related ventures, including portfolio companies like 90 North and POD Management.

Spire's disclosed portfolio consists primarily of direct investments into operating companies and advisory platforms across real estate services, investment management, and PropTech. Holdings such as 90 North, POD Management, and Westfort Advisors suggest a direct-investment orientation. The firm has not publicly disclosed a fund-of-funds allocation or third-party fund commitment program.

According to its own strategy labels, Spire covers buyout, early stage (seed and start-up), expansion/late stage, growth, and general venture. In practice, the portfolio spans from early-stage ventures such as Hertford Birch and Re-Defined to more mature platforms like POD Management and 90 North, which manages over $2 billion in assets.

Spire does not publish an explicit exclusion list, but the firm's entire disclosed portfolio — from Pi Labs' PropTech focus to 90 North's real estate investment management and POD's residential leasehold management — maps to property services, real estate platforms, and the built environment. The firm does not indicate any activity in healthcare, life sciences, deep tech, or consumer internet.

Spire's venture-partner model gives it a sourcing channel unusual for a firm of its size. Partners like David Newnes (35 years at LSL Property Services) and James Caan (founder of Hamilton Bradshaw) bring decades of real-estate and entrepreneurial networks, while Butt's founding of Pi Labs provides a direct line to early-stage PropTech founders across Europe.

Spire does not publicly describe a co-investment program alongside external general partners. Its disclosed deals appear to be direct investments into portfolio companies, though the presence of investment managers like 90 North within the portfolio suggests Spire may occasionally invest in structures alongside other institutional capital without formally labeling it a co-investment strategy.