EVANA AG secures an additional €10 million to fund the further development of its AI-driven data and document management platform
The German PropTech EVANA AG, with HQ in Frankfurt, has secured €10 million in a Series B and extension financing round to accelerate the company’s growth. The company will deploy the additional funding to establish EVANA as the leading platform for digital data and document management in Europe and as the leader in artificial intelligence technology in the real estate industry.
The round was led by Wecken & Cie., a Swiss venture capital and real estate investor, who were joined by AC+X, Aachener Grundvermögen’s PropTech venture capital investor and Arventus, a Swiss family office, as new participants. Additional funding is also being provided by PATRIZIA AG and AM Alpha as existing shareholders.
“Some of Europe’s largest real estate asset managers have chosen to build their integrated digital management strategies around EVANA. We are delighted to support the experienced team around Thomas Herr, Sascha Donner and Dirk Becker and to allow even more customers to benefit from the added value of EVANA”, explains Frank Hölzle, CEO of Wecken & Cie.
“Future-oriented asset management relies on intelligent, data-driven decision-making. Together with EVANA, we have been able to make significant progress in this area in recent years. And we have by no means exhausted the massive potential of this groundbreaking industry solution”, explains Dr Manuel Käsbauer, Chief Technology & Innovation Officer at PATRIZIA AG.
“We believe that the intelligent analysis, interpretation and exploitation of data is a game changer for the real estate sector. As a partner, we are looking forward to supporting the further development of EVANA’s industry-leading technology”, says Manuel Niederhofer, Managing Director of AC+X Strategic Investments GmbH.
“In this latest and hugely successful financing round, we have secured funding from several major investors with extensive experience in the technology and real estate sectors. The round has been an unqualified success”, explains Peter Moog, founder and Chairman of the Supervisory Board of EVANA AG. Sascha Donner, founder and CIPO of EVANA AG, adds: “We will use the new capital to support our customers with the best digital data and document management product and to further expand our position as a technology leader. With the backing of such experienced investors as Wecken & Cie., with their extensive track record of successful investments in companies such as SevDesk, Quentic and Jedox, we stand to gain a wealth of valuable know-how”.
“Our latest successful financing round sends out an important signal for the entire industry. With this additional funding, we will be able to accelerate developments towards digital, data-driven and AI-powered real estate asset management and provide real estate investors with all of the data they need to make faster and better investment decisions”, adds Dr Thomas Herr, CEO of EVANA AG.
The funding is subject to approval from Germany’s anti-trust authorities.