Germany

Predium funding news – Munich-based Predium has Secured €13Million in Series A Round Funding

Nov 29, 2024 | By Kailee Rainse

Predium funding news - Munich-based Predium has Secured €13Million in Series A Round Funding

Proptech company Predium has raised €13 million in a Series A funding round led by impact investor Norrsken VC, with support from UVC Partners, b2venture, and Mutschler Ventures. Existing investors also increased their contributions.

SUMMARY

  • Proptech company Predium has raised €13 million in a Series A funding round led by impact investor Norrsken VC, with support from UVC Partners, b2venture, and Mutschler Ventures.
  • Predium helps building owners, real estate portfolio managers, developers, and investors tackle a common problem: important data on buildings, such as energy use, CO2 emissions, tenant details, and climate risks, is often missing or scattered.

Purpose fo fund raising

The funding will help it to enhance its platform, expand into new markets, and strengthen its position in the real estate sector. It simplifies compliance for real estate and finance companies, with clients like Deutsche Investment Group, Colliers, Soravia and Baloise.

The real estate industry is undergoing significant changes due to new regulations and market pressures. The EU aims for a climate-neutral building sector by 2050, while rising interest rates are impacting property values and yields. In this shifting landscape data has become crucial for maintaining a competitive edge.

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It’s platform helps property owners, banks, insurers, investors, and housing companies identify ESG risks and prioritize renovations based on cost, potential savings, and subsidies whether for individual buildings or entire portfolios.

Jens Thumm, CEO and Co-Founder of Predium, commented on the financing: “With Predium, we offer a solution that brings together ESG requirements, such as CSRD reporting, and economic interests. We enable our clients to make smart transaction and renovation decisions. In this way, real estate values can be increased. The interest shown by a large number of well-known investors confirms that Predium is successfully driving the transformation of the real estate sector.”

Agate Freimane, General Partner at Norrsken VC, added: “Real estate is experiencing a transformative shift as the need to decarbonize becomes urgent. We were drawn to Predium approach of partnering with real estate owners and operators to enable intelligent data-driven decisions that both enhance asset value and promote sustainability. We are thrilled to support Predium on this impactful journey.”

About Predium

Predium helps building owners, real estate portfolio managers, developers, and investors tackle a common problem: important data on buildings, such as energy use, CO2 emissions, tenant details, and climate risks, is often missing or scattered. They also lack the tools to achieve sustainability goals while staying profitable.

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