Proptech specialist Allthings receives CHF 13.7 million in Series A round
Basel, Switzerland/Berlin, Germany — German-Swiss PropTech company Allthings closes its Series A financing with 13.7 million Swiss francs. In addition to lead investors Earlybird, Idinvest andKingstone Capital Partners, existing investors Creathor Ventures, Technology Funds as well as current advisors are participating. The capital will be used to further develop the platform and drive expansion within Europe.
Allthings transforms buildings into digital products. The platform gives building users access to digital services that make everyday life easier, connect people and improve communication. Property owners benefit from unprecedented transparency in buildings, neighborhoods and entire portfolios. Thanks to the modular and open structure of the Allthings platform, third-party services can be integrated at will, as in an app store for buildings.
“The real estate industry is just starting to adapt to the digital age and holds great potential. 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,” said Dr. Fabian Heilemann, Partner at Earlybird.
“One way to make cities smarter is to start with the buildings. Connecting all parties of a building and offering a variety of digital services increases the quality of life and work. This is what Allthings does very successfully and therefore fits perfectly into our smart city strategy,” says Matthieu Bonamy, senior investment director at Idinvest.
Currently, more than 100 medium to large real estate companies in Switzerland, Germany, Austria, France, Portugal and the Netherlands use the platform as part of their digitization strategy. “Just as in other industries before, property owners now want to take control and manage the relationship with their customers. We help them do that in a scalable and modular way. With our new investors, we are taking the next steps on our journey — for a better life in buildings,” said Marc Beermann, COO and co-founder of Allthings.
About Allthings
Allthings transforms buildings into digital products. The company was founded in Basel in 2013 as a spin-off from ETH Zurich and has locations in Basel, Berlin, Frankfurt am Main and Freiburg im Breisgau. The 60-member team aims to improve indoor living in a sustainable way. A digital pioneer in the industry, Allthings has won numerous awards and counts some of Europe’s largest real estate companies among its clients. For more information, visit www.allthings.me.
About Earlybird
Earlybird is a venture capital investor focused on technology companies in Europe. Founded in 1997, the capital provider focuses on investments in various growth phases of corporate development and offers its portfolio companies not only financial resources, but also strategic and operational support as well as access to an international network and the capital market. Earlybird manages funds in the areas of digital technologies in Eastern and Western Europe, as well as in Health Technologies.
With over €1 billion in capital under management, seven IPOs and 22 trade sales, Earlybird is one of the most experienced and successful European venture capitalists. www.earlybird.com
About Idinvest Partners
Idinvest Partners is a leading European investment firm focused on the mid market. Currently, Idinvest Partners manages assets of around €8 billion with more than 90 employees and has offices in Paris, Frankfurt, Madrid, Shanghai and Dubai. The company has three business units: Private Funds Group, Private Debt and Venture & Growth Capital. The company was founded in 1997 as part of the Allianz Group and has been independent since 2010. In January 2018, Idinvest Partners merged with Eurazeo. The merger has created a leading investment company in Europe and North America with 15 billion euros in assets under management. www.idinvest.com.
About Kingstone Capital Partners
Kingstone Capital Partners GmbH (KCP) is an independent and family-owned real estate investment management & PropTech investment company. KCP offers its investors a “one-stop-shop” solution for European real estate investments (focus on Germany as well as CEE). Kingstone Capital Partners is also an active investor and advisor in the PropTech start-up space in Europe and the US. KCP takes a pro-active shareholder approach and supports ventures with contacts, real estate expertise and access to decision makers in the industry.
About Creathor Ventures
Creathor Ventures invests in technology-driven, high-growth companies at all stages of their development, particularly in the areas of Specialized Artificial Intelligence, Advanced Industry Tech and Enabling Platforms. The regional focus is on Germany, Switzerland, Austria, France and Scandinavia. From its offices in Bad Homburg and Zurich, the 17-strong team currently actively supports more than 30 tech and life science companies in their company set-up and growth as well as their internationalization. The management team consists of the Managing Partners Dr. Gert Köhler, Karlheinz Schmelig and Cédric Köhler as well as the Partners Christian Leikert, Dr. Christian Weiss and Christian Weniger. It has been successfully investing in startups for over 30 years and has taken over 20 companies to international stock exchanges during this time. Creathor Ventures currently manages a fund volume of over 230 million euros. As the largest fund investor, management underscores its entrepreneurial focus. www.creathor.com.