kodehyve Raises €1 Million to Accelerate the Digitalisation of Real Estate Processes in Europe

Luxembourg-based PropTech kodehyve announces the closing of its €1 Million seed financing round with strategic investors from Luxembourg and Singapore. With the capital raised, kodehyve aims to further develop its real estate collaboration tool and expand into new European markets.

A powerful collaboration tool tailored to the real estate market

By largely replacing heterogeneous tools, inefficient workflows and outdated user experiences, kodehyve effectively is a B2B collaboration software helping real estate developers, agencies and funds to more efficiently plan, manage and analyse their construction and commercialisation projects. Through the careful selection of powerful in-house modules as well as third-party APIs, kodehyve specifically enables real estate professionals to work better and provide superior user experiences within the three areas of project management, customer relationship management as well as financial and data analysis. Providing a high-quality white-labelled platform in the customers’ look-and-feel, features available include task and deadline management, information and document exchange flows, customer onboarding, e-signatures, KYC and AML checks, billing, live chat, budgeting, financial analysis and more. Besides better collaboration between stakeholders and considerable increases in productivity, kodehyve enables real estate players to achieve their ESG ambitions by going 100% digital and thereby reducing their carbon footprint.

Private equity seed investment and track record

Since launching the technology startup, kodehyve has gone from pre-product and pre-revenue to post-product and post-revenue — fully bootstrapped without taking on external investments or debt. Based on the product validation in 2020 and the founders’ vision of growing an internationally scalable tool, kodehyve decided to raise capital so as to accelerate the evolution of their product and scale operations in the main real estate hubs in Europe, e.g. Munich, Berlin, Zurich, and Geneva. Today, the team consists of seven software engineers and product specialists — and like the founders, the team members mainly have a FinTech and RegTech background. Kodehyve will use the raised capital to grow its team to a size of 12 in the coming year and accelerate its international sales efforts. The €1 Million private equity round was raised from a group of experienced investors in Luxembourg and Singapore: Laurent Schonckert (CEO of Cactus), Frank Veyder (former investor and COO at Slightly Mad Studios), John Li (former Managing Partner and Chairman at KPMG), Eric van de Kerkhove (former Partner at Deloitte), Benoit Schaus (former Partner at Deloitte), Bruno Beernaerts (former Managing Director at Capita and Partner at Deloitte), as well as PE and real estate investors Robert Godart and Charles Sunnen.

CEO Felix Hemmerling (left) and CTO Julien Casse (right), Photo Credits © Zan Productions



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