Dutch PropTech company iDWELL has announced the successful completion of its financing round, raising around €10 million from renowned investment firm Knight Capital, alongside existing international investors such as Flashpoint Venture Capital and Wecken & Cie. This strategic investment will propel iDWELL’s growth, drive advancements in its smart property management platform, and expand its offerings and service portfolio.
Founded in 2017, iDWELL has revolutionized property management with its innovative software platform, the platform currently supports over 750 property management companies across Germany, Austria, and Switzerland, managing more than 1.5 million residential units with its SaaS solution. As the company looks to grow, it is focused on attracting new property management clients, broadening its product line, and cultivating long-term partnerships within the DACH region.
“We want to continue to grow consistently by winning new property management companies, diversifying our product offerings, and fostering long-term partnerships within the DACH region,” says Alexander Roth, founder and CEO of iDWELL.
With the new funds, iDWELL aims to strengthen its position in real estate management, focusing on AI-driven solutions to improve efficiency and expanding its range of financial and insurance offerings. Anna Matzenberger, COO of iDWELL, explains: “The focus will be on developing even more efficient property management based on artificial intelligence (AI), expanding the range of financial and insurance solutions, and broadening the service portfolio.”
Diederik Ingen Housz, Managing Partner of Knight Capital said: “We are excited to partner with iDWELL, a leading provider in the PropTech sector. With its impressive growth and a highly satisfied customer base, iDWELL is perfectly positioned to provide cutting-edge solutions in the rapidly digitizing real estate industry,” says
Alexander Roth expresses his optimism about the new partnership: “This investment is a strong signal for our business model. It allows us to pursue our growth ambitions with full force, allowing us to convert every property manager to use iDWELL. With this support, we will continue to develop our technology and offer many more solutions for the real estate industry.”
Read the orginal article: https://www.eu-startups.com/2024/11/vienna-based-idwell-secures-e10-million-aiming-to-enhance-property-management-solutions/
