Successful financing round for Alasco: Two years after its founding, the Munich-based startup has closed a €7.5 million Series A financing round. Global Founders Capital and Anyon have joined as new investors. Existing investors HV Holtzbrinck Ventures, Picus Capital, and the Flixbus founders are also rejoining the financing round.
With a financial injection totaling 7.5 million euros, the Proptech startup Alasco The fresh capital will be used to expand the team and further develop the cloud software into a central financial platform for all participants in real estate projects.
Digital solutions important for the construction and real estate industry
With its SaaS solution, Alasco supports project developers in the financial management of complex projects: By automating work processes and making all financial data available in a central information source, the productivity of all project participants is increased.
"We believe in the experienced team and their well-developed product. Alasco solves a real problem in a market that has so far shown little digitalization and often still relies on manual controlling processes. The coronavirus pandemic has shown how important digital solutions are for the construction and real estate industries,"
says Matthias Müller, Partner at Global Founders Capital.
"We look forward to working with Alasco – a very ambitious team in an exciting market. Alasco enables the easy linking of project data to drive business decisions more efficiently and quickly – a complete lack in the construction and real estate industry. Alasco opens up new, efficient possibilities that will benefit the entire industry."
my Rupprecht Rittweger, Co-Founder Anyon.
The best of both worlds
"We are delighted that we have been able to attract two very experienced investors with different focuses in GFC and Anyon. This allows us to once again combine the best of both worlds and further strengthen our expertise in both technology and software as well as real estate. We are particularly pleased that our existing investors HV Holtzbrinck Ventures and Picus Capital participate again and show that they believe in us and our platform,”
is glad Benjamin Günther, founder of Alasco.
The Munich-based startup claims to have acquired more than 70 customers for its financial management software since entering the market. With the cloud-based solution, developers can digitally manage project managers, financial data, and processes for construction and real estate projects.
