Berlin-based realxdata raises approx €5 million from SIGNA Innovations and Ventech finance, to accelerate growth #Startups - The Entrepreneurial Way with A.I.

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Monday, December 2, 2019

Berlin-based realxdata raises approx €5 million from SIGNA Innovations and Ventech finance, to accelerate growth #Startups

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realxdata GmbH, one of Germany’s leading AI and smart data companies for the real estate and financial sectors, has successfully raised Series A capital. SIGNA Innovations, the venture capital arm of the SIGNA Group (founded by Austrian entrepreneur René Benko) leads the about €5 million round, with participation from Ventech, a leading global venture capital firm based in Paris, Munich and Helsinki. 

realxdata, founded in 2016, intends to use the new capital towards the development and expansion of its analysis platform, the development of AI-supported forecast models and the growth of its customer base in Germany. The funding will also support growing the realxdata team on a large scale. 

As an independent service partner, realxdata digitizes, structures and visualizes real estate portfolio data, linking this AI-based data with key figures from hundreds of different market-influencing sources. This enables market analyses, property and portfolio valuations at the touch of a button. The realxdata team of 30 is led by Dr. Titus Albrecht, Iñaki Merino, Stefan Nusche and Daniel Sprünker, between the HQ in Berlin and its R&D hub in Barcelona. 

realxdata’s business model and technological development have already been globally recognized by the likes of Forbes, who in April 2019 placed realxdata on the ‘Top 10’ list of the most promising AI startups from Germany, Austria and Switzerland. Builtworld Innovation Forum at ExpoReal also awarded realxdata the Real Estate Innovation Award from over 1,000 market proptech disruptors. Additionally, realxdata has caught the attention of industry leaders including, most recently, Aareal Bank, who have since signed on clients. Previous investors include 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.

Jürgen Fenk, Member Group Executive Board of SIGNA HOLDING GmbH, comments: “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, with tremendous agility and excellent development potential. The overall package convinced us as an investor”.





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