SCALARA Funding News- German PropTech Startup SCALARA Raises €3Mn Funding

The funding comes from BfW Bank, which focuses on the housing sector. BfW Bank also bought €1.5 million worth of shares from existing investors, showing its long-term support.

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In addition, long-time partners and investors including BeyondBuild, Bauwens, and neoteq ventures along with new backers, have turned about €2 million in convertible loans into shares in the company.

“The fact that long-standing partners are renewing their trust and that BfW Bank is specifically supporting our vision gives not only our team but also our customers security for the coming years,“ says Shari Heep, CEO and Co-founder of SCALARA. “Our partners can rely on this: We remain independent and consistently focused on sustainable growth.”

SCALARA, founded in 2020, is a software platform designed to help manage properties. It covers all tasks related to managing condominiums, rentals, and special properties. The platform handles everyday work for property managers, including certified accounting with built-in payment features, smart document management, and easy communication tools.

With the new funding, SCALARA plans to add more features, developed together with BfW Bank. These will include fully digital application processes and banking tools that are built right into the platform. This will make banking tasks faster and connect banking and accounting more closely, saving time and improving efficiency for property managers.

“The demands on property managers are increasing – GEG, skills shortages, new legislation. Our mission is clear: to ease the burden on property managers, not add to it,” adds Heep. “The fact that we are now developing new, practical banking components together with BfW Bank is a strong signal in a market that urgently needs integrated solutions.”

As rules and regulations for property management keep increasing, and with a shortage of skilled workers, SCALARA sees a big opportunity. The company believes these challenges have created a need for a simple, modern solution that helps property management companies in Germany and other countries work more efficiently and professionally.

Mark Müller, CEO of BfW Bank, adds: “SCALARA convinced us with its combination of technical excellence, legal security, and real practical relevance. The platform offers not only technological progress, but also concrete administrative relief – exactly what the industry needs right now. Our customers increasingly expect complete digital solutions. By partnering with SCALARA, we are combining this expertise with our industry-specific banking know-how.”

About Scalara

SCALER is an edtech company, founded in 2019, that focuses on skill training, especially in computer science. They offer programs for college students and professionals in areas like software engineering, data science, and machine learning. Scaler’s goal is to connect tech education with the needs of the tech industry by providing mentorship and courses that match real-world job requirements.