Berlin-based Assetbird a software platform that offers digital solutions for real estate acquisitions, replacing outdated manual processes with streamlined, automated tools has secured €2.4 million in funding from 468 Capital and IBB Ventures, marking a significant milestone in its mission to transform the real estate industry.
Founded four years ago by Tobias Dochow (CEO), Nico Kramp (CSO), and Christian Sauer (CTO), Assetbird has quickly become the market standard for real estate acquisition software. The platform is used by companies of all sizes to automatically record offers, prioritize pipelines, and evaluate market data, leading to more efficient transactions.
The recent investment will be used to expand the platform and the team, further solidifying Assetbird’s position as a leader in the industry. Despite a challenging market with increased interest rates and high construction costs, Assetbird has managed to establish itself as a clear market leader, impressing investors with its rapid growth and profitability.
Emanuel Pallua from 468 Capital commented on the startup’s impressive trajectory: “We see very few start-ups that have been able to establish themselves as the clear market leader in an industry so quickly – despite a challenging market situation with many insolvencies, increased interest rates and high construction costs. The new growth cycle is now imminent, and our investment can support assetbird in successfully turning this into reality.”
Assetbird’s software is designed for investment teams ranging from one to fifty users, centralizing and streamlining the acquisition process from offer entry to deal closing. This efficiency boost allows teams to operate more effectively in the market, leading to increased transaction success.
Jessica Wimalasooriyar from IBB Ventures expressed her admiration for Assetbird’s customer-centric approach: “We are impressed how assetbird has developed a solution for medium-sized real estate companies that precisely meets their needs. Last but not least, the way how the team around the founders Tobias, Nico and Christian combines startup and industry expertise and thus raises a high-value creation potential for real estate companies has fully convinced us.”
Reflecting on the company’s journey, Co-founder & CEO Tobias Dochow shared, “We have been developing the product in close cooperation with our customers since day one. In the process, we quickly created a committed community with which we were able to establish a sought-after market standard despite having a small team. In addition to the ease of use, our customers particularly appreciate the new growth impetus that we are bringing to the traditional real estate world with assetbird.”
Read the orginal article: https://www.eu-startups.com/2024/08/berlin-based-assetbird-secures-e2-4-million-aiming-to-revolutionize-real-estate-acquisitions/
