SIGNA Innovations and Ventech invest in realxdata
Berlin, December 2, 2019 – realxdata GmbH, one of the technologically leading companies for AI- and Smart-Data-supported real estate market and portfolio analyses, has successfully completed its A financing round in the mid-single-digit million range. The lead investor is SIGNA Innovations, the venture capital arm of the SIGNA Group founded by Austrian entrepreneur René Benko. Ventech, one of the leading European venture capital companies based in France, also participated in the financing round. Previously, prominent real estate market experts and technology funds such as Oliver Hermann (redos real estate GmbH), Oliver Puhl, westpol Proptech with Prof. Dr. Stephan Bone-Winkel and Rheingau Founders had invested in realxdata.
realxdata will use the new capital primarily for the further development and expansion of its own analysis platform, the development of KI-supported forecast models and the development of customer business in Germany. The team of currently 30 employees is also to be massively expanded. Most recently, realxdata reported Aareal Bank as another major client.
In recent months, realxdata has received several awards for its business model and technological development work. In April 2019, the internationally renowned business magazine Forbes placed realxdata on the Top 10 list of the most promising AI start-ups from Germany, Austria and Switzerland. At ExpoReal in October, realxdata prevailed over 1,000 PropTech companies and won the Real Estate Innovation Award 2019 in the Investment and Finance category.
Jürgen Fenk, Member Group Executive Board, SIGNA HOLDING GmbH: “SIGNA Innovations invests exclusively in companies that offer genuine added value with their products and services and are technological leaders in their field. For many, AI, Smart Data and Machine Learning are just buzzwords. The realxdata team turns them into concrete, tailor-made and user-friendly products for the financial and real estate sectors. There is a reason for this: realxdata combines the know-how of a technology company with the expertise from the real estate and investment sector, is also very agile and has excellent development potential. The overall package convinced us as an investor”.
Dr. Titus Albrecht, CEO realxdata GmbH: “We define ourselves as the driving force behind digitization in the real estate and financial sector. realxdata offers products and analysis tools that have never been available on the market before and that give our clients real advantages in portfolio valuation, transactions and market analysis. Our goal is for our clients to be the best- informed market participants, always as time and cost efficient as possible. Our new client business confirms that we are on the right track. The additional capital will significantly strengthen our growth once again.”
Founded by Austrian entrepreneur René Benko, the SIGNA Group is a privately held European investment and industrial holding company active in the real estate, retail and media sectors. SIGNA Real Estate is one of the most important real estate investors in Europe and employs around 350 people in ten locations in Austria, Germany, Italy and Switzerland. The Gross Asset Value of the real estate group amounts to EUR 19 billion and the development volume amounts to a further EUR 9 billion. SIGNA Real Estate is divided into five independent divisions. These include SIGNA Development Selection, SIGNA Luxury Hotels, SIGNA US Selection and SIGNA Prime Selection, which focuses on the acquisition, development and long-term holding of properties in the best inner-city locations in Europe. SIGNA Innovations invests in innovative ideas, platforms and business models related to real estate and benefits both from tech solutions and from usage and service models that not only offer interesting returns but also make SIGNA an innovation leader. More: www.signa.at
Ventech, a leading pan-European venture capital firm, invests in high-growth European startups with activities in the digital economy (Enterprise Software, Deep Technology, Marketplaces, Media) through its local offices in Paris, Munich and Helsinki. In China, Ventech’s Shanghai-based team manages a dedicated regional fund to invest across Asia and offer scaling and internationalization support in Asia for European portfolio companies. With more than 900M€ raised since 1998, Ventech has invested in over 150 companies in Europe, China, Russia and in the US. Key active and past investments include successful high growth companies such as Believe, Curse (acquired by Amazon), Freespee, Ogury, Picanova, Speexx, StickyADS.tv (acquired by Comcast), Botify, Webedia, Vestiaire Collective and Withings (acquired by Nokia). More: www.ventechvc.com
realxdata GmbH is one of Germany’s leading technology companies specializing in AI and Smart Data analyses for the real estate and financial sectors. As an independent service partner, realxdata digitizes, structures and visualizes real estate portfolio data and links this AI-based data with key figures from hundreds of different sources that influence the real estate market. This enables market analyses, property and portfolio valuations at the touch of a button. realxdata offers its customers a decisive knowledge advantage in an increasingly data-driven real estate market. Founded in 2016, the company employs 30 people at its headquarters in Berlin and its own research and development hub in Barcelona. Managing directors are Dr. Titus Albrecht, Iñaki Merino, Stefan Nusche and Daniel Sprünker. More: www.realxdata.com