PropTech: Allthings raises 13.7 million from investors
PropTech company Allthings has received CHF 13.7 million in investor funding as part of its Series A financing round.
According to Allthings, in addition to the lead investors Earlybird, Idinvest and Kingstone Capital Partners, the existing investors Creathor Ventures, Technology Funds and Current Advisors have also participated. The capital is to be used to further develop the platform and drive expansion within Europe.
Allthings' platform gives building users access to digital services "that make everyday life easier, connect people and improve communication," the company says. Property owners would benefit from "unprecedented transparency" in buildings, neighborhoods and entire portfolios. The platform is modular and open, so third-party services can be integrated as desired.
"Allthings integrates all parties such as owners, asset managers, property managers, service providers and tenants on one platform. This fundamentally improves value creation and enables the real estate sector to make data-driven decisions," says Dr. Fabian Heilemann, Partner at investor Earlybird.
Currently, more than 100 medium to large real estate companies in Switzerland, Germany, Austria, France, Portugal and the Netherlands are using the platform as part of their digitalization strategy, Allthings says. "Just like in other industries before, real estate owners now want to take control and manage the relationship with their customers themselves. We help them do this in a scalable and modular way," says Marc Beermann, COO and co-founder of Allthings.
Allthings was founded in Basel in 2013 as a spin-off from ETH Zurich and has offices in Basel, Berlin, Frankfurt am Main and Freiburg im Breisgau. According to its own information, the company counts some of the largest real estate companies in Europe among its customers.
