Basel, Switzerland/Berlin, Germany, 12 July, 2018 – The German-Swiss PropTech company Allthings closes its Series A with 13.7 Million Swiss Francs led by Earlybird and Idinvest Partners as well as Kingstone Capital Partners. With the participation of existing investors Creathor Ventures and Technologiefonds as well as current advisors, the latest financing will be used for further development of the platform as well as provide a boost to its expansion throughout Europe.
Allthings transforms buildings into digital products. The platform grants users of buildings access to digital functions and services that simplify everyday life by connecting people and improving communication among all parties. Property owners benefit from an unprecedented level of transparency in buildings, neighbourhoods and across entire portfolios. Thanks to the open, modular design of the Allthings platform, third-party services can be integrated as needed, much like an app store for buildings.
“The real estate industry is just starting to adapt to the digital age and it holds huge potential. Allthings integrates all key stakeholders like real estate owners, asset managers, property managers, service providers and tenants onto one platform. This fundamentally enhances value-creation and enables data-driven management decisions in the real estate sector,” said Dr. Fabian Heilemann, Partner at Earlybird.
“One way to make cities smarter is to start with its buildings. Connecting all stakeholders of a building and offering a variety of digital services increases the quality of living and working. This is what Allthings does very successfully and therefore the company is a perfect match for our smart city strategy,” said Matthieu Bonamy, Senior Investment Director at Idinvest.
Currently over 100 medium to large real estate companies in Switzerland, Germany, Austria, France, Portugal and the Netherlands are using the platform as part of their digital strategy. “Just like in other industries before, real estate owners now want to own and shape the customer relationship directly. This is what we are helping them to do in a highly 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.