Tenant app Chainels has secured €3 million ($3.3 million U.S.) in a Series A funding round to introduce new services and expand its team.
Chainels, based in the Netherlands and launched in November 2011, offers a central system for residential and commercial property managers to handle bookings of spaces and amenities and communication with tenants. It operates in more than 400 communities across 16 countries in Europe and South America.
By using the app, the company said, a property manager can increase a building’s occupancy or short-term rental of unused spaces by nearly 25%. Property managers and companies can also integrate their existing software and hardware with the app to enhance their customer experience.
Smart-building technology venture capital fund Aconterra and Capricorn Partners, an independent Europe-based manager of venture capital and equity funds, contributed to the Series A funding via their Capricorn Digital Growth Fund, according to Chainels’ news announcement.
“This is a huge leap forward for the future of Chainels,” said CEO Erwin Buckers. “As real estate companies seek out technologies that optimize property and asset management, we’ve shown again and again that our platform can help them succeed. Our goal is to become the go-to platform to help them lower operational costs, improve tenant satisfaction and retention, and infuse added value into their portfolios.”