The Luxembourg-based start-up plans to roll out its real estate collaboration tool in cities like Dublin.
Proptech’s startup Kodehyve plans to use its recently obtained seed funding to expand into new markets in Europe, including Ireland.
The Luxembourg-based company announced this week that it raised € 1 million for its real estate collaboration tool. The seed funding came from a group of strategic investors in Luxembourg and Singapore.
Kodehyve’s software platform was launched last year with the goal of helping real estate developers, agencies and funds plan, manage and analyze their construction and marketing projects.
It uses third-party modules and APIs to help users collaborate in the areas of project management, customer relationship management, and financial and data analytics.
“Our vision is to make the real estate market 100% digital and we know it is possible,” said CTO and co-founder Julien Casse.
“We are living in the year 2021 and the real estate sector still relies heavily on outdated processes. From lengthy email exchanges to physical mail and phone calls, the real estate market lags at least five to ten years behind the financial industry when it comes to digitization. “
Kodehyve will use its new capital to grow its team of engineers and product specialists from seven to 12 people. It is also considering rolling out its product and scaling operations in major real estate centers in Europe, including cities such as Munich, Berlin, Zurich and Dublin.
Investors include Laurent Schonckert of Cactus Group Luxembourg, former KPMG Luxembourg Chairman John Li, and former Deloitte Luxembourg partners Eric van de Kerkhove and Benoit Schaus.
“We are very proud to have such a valuable team of experienced investors on board,” said Felix Hemmerling, Co-Founder and CEO of Kodehyve.
“All of whom know the real estate industry very well and have the knowledge and network to help us accelerate our activities.”