Investments
60Portfolio Exits
3Funds
2Partners & Customers
1About noa
noa is a venture capital firm specializing in the built world sector. The company provides funding and support to innovative technology companies that aim to transform the real estate industry through digitalization, climate-conscious solutions, and efficiency enhancements. noa primarily invests in companies that address critical issues and contribute to the decarbonization of the real estate asset class. noa was formerly known as A/O Proptech. It was founded in 2019 and is based in London, United Kingdom.
Latest noa News
Aug 19, 2025
The Growth Collective bereikt meer dan 80% van Belgische start-upmarkt 19 augustus 2025 Gert Gijbels (NOA), Lode Uytterschaut (Start it @KBC), Sven De Cleyn (imec.istart) Een jaar na de oprichting heeft The Growth Collective, het samenwerkingsverband van Start it @KBC, imec.istart en NOA, zich stevig verankerd in het Belgische start-uplandschap. Sinds de lancering in 2024 meldden zich honderden start-ups aan, waarvan er 163 deelnamen aan gespecialiseerde programma’s. Het consortium, met steun van VLAIO, wil een centraal aanspreekpunt bieden voor jonge groeibedrijven die zoeken naar coaching, netwerk en kapitaal. De drie grootste Belgische acceleratoren besloten vorig jaar hun krachten te bundelen, zonder daarbij hun eigen kernprogramma’s te laten samensmelten. Onder de gezamenlijke merknaam creëren ze een duidelijker kader en meer zichtbaarheid. Naast initiatieven zoals Fund Me, Going Global, Sales Sprint en Thrive (gericht op vrouwelijk leiderschap) organiseerde het collectief ook de Scale-up marathon en een Co-founder matchmaking event, samen goed voor meer dan vijfhonderd aanmeldingen. Volgens Lode Uytterschaut, oprichter van Start it @KBC en initiatiefnemer achter The Growth Collective, ligt de meerwaarde in de schaal en de complementariteit: “Met imec.istart, NOA en Start it @KBC, de drie partijen achter The Growth Collective, begeleidden we over de jaren al een paar duizend start-ups. Samen coveren we zo meer dan tachtig procent van de markt in België.” Die schaal vertaalt zich ook in bereik en slagkracht. “Als de drie grootste acceleratoren van het land beschikken we over het grootste aantal voordelen: van het breedste aanbod tot het grootste en volledigste netwerk en de meest uitgebreide fundingmogelijkheden. Dus of je nu op zoek bent naar coaching of mentoring, kapitaal of een netwerk, in België of daarbuiten… bij ons ben je altijd aan het goede adres”, aldus Lode. Voor de drie betrokken CEO’s – Sven De Cleyn (imec.istart), Gert Gijbels (NOA) en Lode Uytterschaut – is de missie helder: “Met The Growth Collective helpen we start-ups om het kaf van het koren te scheiden. Er zijn veel organisaties die ondersteuning aanbieden, maar bij ons ben je verzekerd van programma’s en mentoren van hoge kwaliteit.” Met de structurele steun van VLAIO wil The Growth Collective de komende jaren bijdragen aan de ambitie om Vlaanderen verder te ontwikkelen tot een topcentrum voor innovatie en ondernemerschap.
noa Investments
60 Investments
noa has made 60 investments. Their latest investment was in PassiveLogic as part of their Series C on September 16, 2025.
noa Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/16/2025 | Series C | PassiveLogic | $74M | No | Addition, Brookfield Asset Management, Johnson Controls, Keyframe Capital, NVentures, Prologis Ventures, and PSP Growth | 2 |
7/20/2025 | Seed VC | Radical AI | $55M | Yes | AlleyCorp, Eni Next, Infinite, NVentures, RTX Ventures, and Undisclosed Investors | 2 |
7/3/2025 | Series A | Solarock | $8.23M | No | 2 | |
6/24/2025 | Series B - II | |||||
6/16/2025 | Series A - II |
Date | 9/16/2025 | 7/20/2025 | 7/3/2025 | 6/24/2025 | 6/16/2025 |
|---|---|---|---|---|---|
Round | Series C | Seed VC | Series A | Series B - II | Series A - II |
Company | PassiveLogic | Radical AI | Solarock | ||
Amount | $74M | $55M | $8.23M | ||
New? | No | Yes | No | ||
Co-Investors | Addition, Brookfield Asset Management, Johnson Controls, Keyframe Capital, NVentures, Prologis Ventures, and PSP Growth | AlleyCorp, Eni Next, Infinite, NVentures, RTX Ventures, and Undisclosed Investors | |||
Sources | 2 | 2 | 2 |
noa Portfolio Exits
3 Portfolio Exits
noa has 3 portfolio exits. Their latest portfolio exit was UrbanFootprint on June 24, 2025.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
6/24/2025 | Acquired | 2 | |||
Date | 6/24/2025 | ||
|---|---|---|---|
Exit | Acquired | ||
Companies | |||
Valuation | |||
Acquirer | |||
Sources | 2 |
noa Acquisitions
1 Acquisition
noa acquired 1 company. Their latest acquisition was City Outdoor Media on April 27, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
4/27/2021 | Leveraged Buyout |
Date | 4/27/2021 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Leveraged Buyout |
Sources |
noa Fund History
2 Fund Histories
noa has 2 funds, including A/O PropTech I.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
2/7/2020 | A/O PropTech I | $273.67M | 2 | ||
A/O PropTech II |
Closing Date | 2/7/2020 | |
|---|---|---|
Fund | A/O PropTech I | A/O PropTech II |
Fund Type | ||
Status | ||
Amount | $273.67M | |
Sources | 2 |
noa Partners & Customers
1 Partners and customers
noa has 1 strategic partners and customers. noa recently partnered with Fornova on September 9, 2019.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
9/2/2019 | Vendor | Israel | Fornova partners with A/O Proptech in latest funding round to develop HotelsBI offering 2 September 2019 -- Fornova , the global provider of distribution and business intelligence solutions for the hospitality sector , has announced a major design partnership with A/O Proptech , a leading European proptech investor , to collaborate on its HotelsBI solution . | 3 |
Date | 9/2/2019 |
|---|---|
Type | Vendor |
Business Partner | |
Country | Israel |
News Snippet | Fornova partners with A/O Proptech in latest funding round to develop HotelsBI offering 2 September 2019 -- Fornova , the global provider of distribution and business intelligence solutions for the hospitality sector , has announced a major design partnership with A/O Proptech , a leading European proptech investor , to collaborate on its HotelsBI solution . |
Sources | 3 |
noa Team
2 Team Members
noa has 2 team members, including current Founder, Managing Partner, Gregory Dewerpe.
Name | Work History | Title | Status |
|---|---|---|---|
Gregory Dewerpe | Citigroup, and Credit Suisse | Founder, Managing Partner | Current |
Name | Gregory Dewerpe | |
|---|---|---|
Work History | Citigroup, and Credit Suisse | |
Title | Founder, Managing Partner | |
Status | Current |
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