Reneo funding news – Hamburg-based Reneo Secures €600 Million in Funding

Reneo combines an end-to-end technology platform with vast expertise in real estate asset management. The company has secured €45 million in equity financing from top European investment funds such as Eurazeo, Lakestar and Foundamental, the family businesses Goldbeck and Bauwens as well as renowned business angels such as like Stefan Wiskemann and Fabian & Ferry Heilemann.

The funds were raised through several capital increases: while the most recent Series B financing round was led by Eurazeo, Lakestar took the lead in the previous Series A.

Asset financing relationships

With the residential market gaining momentum and a robust outlook offering compelling investor value, Reneo is pleased to announce the formation of an asset management and operating joint venture with Peakside Capital, an independent, owner-operated real estate investment manager.

This partnership comes in addition to an existing senior financing arrangement Reneo has in place with Goldman Sachs. Through the new joint venture, Reneo will partner with Peakside to deploy around €500 million in debt and equity to upgrade and enhance the energy efficiency of multi-family houses.

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Reneo will leverage its real estate expertise and technology-led, programmatic approach to comprehensively modernise buildings with poor energy efficiency in a scalable and cost-efficient way, substantially lowering their carbon footprint and energy consumption, while supporting cost savings for tenants and unlocking value-add potential for investors. At the same time, it will convert under-utilised spaces into modern, efficient living environments that meet growing demand for housing.

Accelerating the path to net zero Decarbonising the housing market

Addressing the environmental challenge of decarbonising the real estate market is vital if assets are to comply with EU Taxonomy and the EU is to achieve net zero buildings by 2050. Despite the significant interest from institutional capital to invest in green buildings, there is a lack of suitable supply.

With more than 50% of all residential assets in Germany rated as energy efficient poor (EPC rating E or worse), Reneo sees a significant opportunity in the brown-to-green transition of the existing building stock. Achieving up to 30-60% reduction in energy consumption, Reneo’s technology-driven solution significantly lowers operational costs for asset owners and tenants.

Leading the decarbonisation megatrend with proprietary technology
Reneo’s unique end-to-end management platform, the Reneo Core System (“RCS”), analyses a vast array of property data and uses machine learning to identify in a matter of seconds the best transformation strategy for each asset, optimizing factors such as energy savings potential, construction costs, government subsidies and associated economic uplift. The state-of-the-art technology makes the green transformation scalable, cost effective and deliverable.

Founder and Co-CEO Lennart Börner said, “We are investors in mind – climate stewards at heart, “Reneo is the only player tackling decarbonisation with a holistic lens, turning climate challenges into investor opportunities. With Germany’s real estate sector ripe for transformation, we see immense potential to drive both climate impact and economic value.”

Founder and Co-CEO Alexander Graubner-Müller adds: “Our end-to-end solution streamlines the entire green building journey and combined with our outstanding track record, makes us the go-to partner for those who want to maximise both sustainability and returns. We are excited to team up with such strong partners who share our vision for a greener future.”

Since 2020, Reneo has bought and sold well above €500 million of assets across its platform. In 2024, Reneo successfully invested over €200 million, further solidifying its presence in the real estate sector. Highlights include the acquisition of more than 600 units totalling roughly 40.000 sqm in Berlin and Hamburg. Reneo plans to deploy significant capital over the next 24 months to drive the green transition of the housing sector.

Boris Schran, Partner at Peakside, commented, “Real estate is one of the few remaining sectors where the challenge of decarbonisation and meeting net zero targets is yet to be fully addressed. After a thorough market screening in order to find the best partner for this endeavour, we are excited to partner with Reneo’s state-of-the art technology and real estate management expertise to meet this challenge, and return to the sector with positive sentiment.”

Pierre Devillard, Partner and Raphael Cattan, Investment Director at Eurazeo, said: “Our strategic investment in Reneo through the Smart City Fund II aligns with our commitment to drive tech-enabled sustainable and innovative urban transformation solutions with high growth potential. We are excited to partner with Reneo in their endeavour to streamline the process of decarbonising real estate holistically. We hope to support Reneo in bringing its unique technology across Europe in the coming years.”P

About Reneo

As end-to-end decarbonization platform, at Reneo we made it our mission to pave the way to a sustainable future and leave a long-lasting, positive impact on the environment. They specialize in the decarbonization and modernization of residential properties, making a meaningful contribution to global climate goals.