Vienna, Amsterdam 4th November 2024 - PropTech company iDWELL raises around EUR 10 million from Knight Capital and existing international investors such as Flashpoint Venture Capital and Wecken & Cie. This investment will drive growth, invest in an even smarter property management platform and expand the offering and service portfolio.
iDWELL announces the successful completion of its financing round. The renowned investor, Knight Capital, as well as existing investors such as Flashpoint Venture and Wecken & Cie. invested in the innovative PropTech company.
Expansion is being driven forward
Around 750 property management companies in Germany, Austria, and Switzerland already use iDWELL's innovative property management platform. The Software as a Service (SaaS) solution is already used to manage 1.5 million residential units.
“We want to continue to grow consistently by winning new property management companies, diversifying our product offerings, and fostering long-term partnerships within the DACH region”, says Alexander Roth, founder and CEO of iDWELL.
The fresh funds will be used to further expand the company's leading position in the field of real estate management. “The focus will be on developing even more efficient property management based on artificial intelligence (AI), expanding the range of financial and insurance solutions and broadening the service portfolio”, explains Anna Matzenberger, COO of iDWELL.
Renowned partner
Knight Capital, a renowned tech investor from the Netherlands is convinced of iDWELL's business development to date and its market potential. “We are excited to partner with iDWELL, a leading provider in the PropTech sector. With its impressive growth and a highly satisfied customer base, iDWELL is perfectly positioned to provide cutting-edge solutions in the rapidly digitizing real estate industry”, says Diederik Ingen Housz, Managing Partner of Knight Capital.
“This investment is a strong signal for our business model. It allows us to pursue our growth ambitions with full force, allowing us to convert every property manager to use iDWELL”, explains Roth, who is delighted to have gained Knight Capital as a new partner. “With this support, we will continue to develop our technology and offer many more solutions for the real estate industry”, says Roth.
About Knight Capital
Knight Capital is a leading investment firm in Northwestern Europe, focusing on industry-specific software sectors such as real estate, healthcare, and (semi-)public organizations. Its investment in iDWELL represents the firm’s second investment in the DACH region. Earlier this year, Knight Capital sold its investment in Aaron, a German health tech company that provides software solutions to thousands of general practitioners, to the French healthtech company Doctolib SAS.
About iDWELL
iDWELL is a leading PropTech company that has revolutionized the real estate industry since its founding in 2017 by CEO Alexander Roth. With an innovative software platform, iDWELL today manages over 1.5 million portfolio units in Austria, Germany and Switzerland and serves more than 750 customers. The Software as a Service (SaaS) solution optimizes efficiency and transparency in property management and connects all parties involved in a property on a central platform. This enables efficient communication and management. With a dedicated team of over 60 employees, iDWELL is setting new standards in digital real estate management and remains an indispensable partner for the industry.
About Wecken & Cie
Wecken & Cie. is the investment vehicle of the Wecken Family Office based in Basel, Switzerland. Investing in early-stage venture capital since 2007 with primary focus on disruptive B2B company in the FinTech and PropTech space, Wecken & Cie. typically participates together with other institutional investors in Seed/Series A investment rounds with €500k to €3m initially, with the ability to provide additionally capital over the life of the investment. Wecken & cie. originally invested in idwell in 2021 and is a strong supporter of Alexander and the whole iDWELL team ever since.
