With the threat of a real estate price bubble, which could burst at any time, real estate appraisal is currently more in demand than ever. Betting big on the sector, Munich-based proptech einwert raised 2 million euros in pre-seed to further stimulate real estate appraisals based on ESG (environmental, social and governance) knowledge.
Leading the inning was 468 Capital in the same way Wecken & Cie, Auxxo Women’s Catalyst Fund and infinity capital. Olivier ManojlovicVP of Sales at Personio and Stephan Rohrfounder of TWAICE, also supported the funding.
In total, institutional real estate investors spend several billion euros a year to commission appraisals in Europe alone. Invariably, this amount is spent on data analytics and ESG. Real estate companies must have their buildings appraised annually by certified appraisers, which takes weeks.
einwert founder and CEO Christina Mauer said: “Due to manual processing, assessments sometimes take up to six weeks and cause a lot of coordination work for customers. Further use of the valuable content and data from the assessments has been difficult to date, due to the analog format. »
founder and CTO of einwert Maximilian Schlachter added, “By replacing manual labor with intelligent metrics determination, we enable our assessors to assess smarter and deliver understandable assessments and sustainable results with faster turnaround times.”
According to the company, it creates assessments in just days using software to facilitate and largely repeat the process. Customers place and manage the order via einwert’s cloud platform or immediate system interfaces. The startup relies on a network of certified appraisers who inspect properties and appraise them using the smart software, which provides understandable suggestions on important variables to determine value and standardizes the structure of appraisals.
Bernard Jankepartner of 468 Capital, concluded: “Thanks to einwert’s software-based service approach, institutional real estate investors will gain even faster transparency on relevant market parameters and thus be able to make smarter and more informed decisions. to the future.”