Camber Creek raises yet another fund for proptech ventures — and it’s going creative with this one

Rockville-based Camber Creek has closed yet another fund aimed at property technology companies, but this time with different plans for where that money could go. Managing Partner Casey Berman said the firm’s first Opportunity Fund — with oversubscribed capital commitments of more than $100 million — offers a chance for the firm to be more creative than in the past. Some of the new dollars will be reinvested into companies that were part of Camber Creek’s last four funds, but it also offers a chance to back new names "where it’s a unique situation." “It won’t be just the vanilla venture deal, and that could be anything from a secondary situation to a recapitalization of the company,” Berman said in an interview. “It’s hard to predict because we actually created this vehicle just for the very reason of being able to be creative. So, we can talk to the ones that I’ve seen before, but it’s quite likely the deals we’ll do will be things that we have not seen or done before.” This pot, he said, "was born out of our investors’ desire to deploy more capital into the best companies." The current market — with high inflation […]

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