Axel Springer buys stake in

25 May 2017, an administration platform for rental property owners, has completed a second funding round, Grü reported yesterday (here in German).

New on the scene: digitizes rental property management

Although it was founded just late last year and launched its site three months ago, it has already picked up a row of important investors.

Axel Springer Digital Ventures, Axa Deutschland, one of Germany’s largest direct insurance firms, and several business angels took part in this round. Details of the deal were not disclosed. enables landlords to manage a property once it is rented. On a per unit basis, users can enter information about the tenants, track costs, book maintenance services, and set up automatic reminders to tenants about paying the rent. The site imports users’ bank data, which lets them check if the rent has been paid on time. They can also see rental price comparison information.

The site is clearly aimed at commercial real estate firms managing larger volumes of units. On a dashboard, the user sees a financial overview, showing how many units are empty, the monthly cash flow and the total of all rental deposits, for instance.

Users may register and manage up to 25 units for free. For up to 100 units, the monthly cost is €79, and there is a concierge service (called Tycoon) for larger volumes, with prices by arrangement.

Last September, received seed investment from Springtech Partners (which has also funded the seemingly-defunct auto platform Carlypso, and Rocket Internet’s Global Fashion Group), Lars Grosenick (co-CEO of Flowfact, a subsidiary of ImmobilienScout24), and Marc Stilke, ex-CEO of ImmobilienScout24.

(We find it interesting that Axel Springer accepted an investment from the co-CEO of a Scout24 Group company. Of course, it’s also interesting that Marc Stilke is now in the same camp as Immowelt Group – editor. is operated by Zenhomes GmbH in Berlin, whose founder Jannes Fischer comes from a digital business background. He worked in venture development at Rocket Internet and directed Foodpanda’s operations in Hong Kong before moving on to Cherry Ventures (its portfolio includes Auto1 Group).

Germany’s proptech scene, mapped (Courtesy of Gewerbe Quadrat)

Proptech continues to grow fast in Germany., a site covering trends and innovation in real estate, now counts 169 proptech companies nationwide — up from 126 in November 2016. This includes 24 real estate management platforms, where finds its competition. And there are a few, such as, and


Kate Rodriguez

Kate Rodriguez covers the German market for AIM Group. She is a freelance business writer with an extensive background in public policy, business consulting and marketing. Originally from the U.S., Kate is now based in Munich.