05.12.19
BMH BRÄUTIGAM advises SIGNA Innovations on Series A Financing Round of the PropTech Startup realxdata
BMH BRÄUTIGAM has advised SIGNA Innovations as part of a mid single-digits million figure series A financing round of the Berlin PropTech startup realxdata.
The realxdata GmbH is one of the technologically leading companies for AI- and smart data-supported real estate market and portfolio analyses. The company, which has already received several awards, combines the know-how of a technology company with the specialist knowledge from the real estate and investment sector and has set itself the goal of making its customers the best-informed market participants with innovative products and analysis tools.
The newly acquired capital is to be used primarily for the further development and expansion of its own analysis platform, the development of AI-supported forecast models and the increase of customer business in Germany. In addition, the current team of thirty is to be massively expanded.
As the venture arm of SIGNA Holding, SIGNA Innovations takes the lead in this financing round. The French company Ventech, one of the leading European venture capital companies, also participated in the financing round.
Background:
The contact to SIGNA Innovations has been established through our activities at VeeCee Berlin, a network of young VC investment managers, as well as through our real estate practice, which has been advising the SIGNA Group on real estate and M&A transactions for many years. BMH BRÄUTIGAM is pleased to further expand and strengthen its client relationship with SIGNA.
Team BMH BRÄUTIGAM:
Dr. Alexander Wulff, Dr. Patrick Auerbach-Hohl, Dr. Matthias Rüping (all Venture Capital)