ZenHomes, a Berlin-based proptech, has raised $14.5 million U.S. in a Series A funding round, bringing its total fundraising to around  $21 million U.S.

The company won over new investors like energy group EWE, Signa Innovations, and Momeni. Existing investors participating in this funding round include Swiss Life, Deutsche Bank, Commerzbank Group’s Main Incubator and Axa.

Founded in 2016, ZenHomes operates a digital platform for property and tenant management. Its main brand Vermietet.de is aimed at landlord and property managers, offering services like rental management, asset management, and building maintenance.

“The real estate market is changing. Investors are increasingly young players with modern assets,” CEO and founder Jannes Fischer said.  “Our core brand Vermietet.de aims at this target group and offers the perfect starting point to position ZenHomes as a holistic partner for all those involved in the real estate ecosystem. Our goal is to make Vermietet.de the leading aggregator of housing in Germany within 2020.”

Investors were impressed by ZenHome’s strategic approach and the company’s organic growth in recent years.

“The real estate industry has a lot of catching up to do, especially in the segment of private customers,” Jürgen Fenk, CEO of Signa Innovations, said. “ZenHomes has taken up this challenge. With its holistic approach, the company takes a leading position in the digitalization of an entire industry.”

Print Friendly, PDF & Email

Related Articles