Allthings has announced that it has successfully completed a series A financing round with real estate investors Idinvest Partners and Kingstone Capital Partners, as well as venture capital investor Earlybird participating as lead investors. Additional funds came from Creathor Ventures, technology funds and advisors currently involved with the startup.
Allthings will use the investment capital to further develop its PropTech (short for property technology) platform, which offers digital services in the building sector to owners, asset managers, property managers, service providers and tenants.
Founded in Basel in 2013 as a spin-off of the Federal Institute for Technology in Zurich (ETH), the PropTech startup now counts among its customers over 100 real estate companies from six European countries. Allthings will also use the funds to further expand across Europe. To date, it has locations in Switzerland and Germany.
“As in other industries, property owners now want to take control of their relationships with their customers themselves,” said Allthings COO and co-founder Marc Beermann. “We help them accomplish this in a scalable and modular manner.”
According to the investor Idinvest, the way to a smart city is through its buildings. “Connecting all parties in a building and offering them a variety of digital services enhances quality of life and work,” said Matthieu Bonamy, senior investment director at Idinvest. “Allthings is doing this very successfully and therefore fits perfectly into our smart city strategy.”