Germany-based PropTech platform Evana has closed its Series A round on an ‘single-digit million Euro’ investment.
The investment came from pan-European real estate investment manager PATRIZIA Immobilien and other unnamed backers.
Through the deal, PATRIZIA has taken a strategic stake in the company. PATRIZIA hopes to digitise its €40bn real estate portfolio through the PropTech platform, and will offer the company operational and strategic resources to foster its growth.
Founded in 2015, EVANA offers companies working in the real estate space a digital map of their business activities. Through self-learning algorithms, the platform extracts relevant data from documents, process and external sources, and analyses the information.
The solution can be used for individual properties, entire portfolios and companies, to improve data transparency and monitor tenants and management data.
The capital injection will be used for product development and expansion efforts across Europe. Alongside this, EVANA is expanding its team and is bolstering its research into AI technology.
EVANA co-founder and head of product Sascha Donner said, “Through the joint learning process and regular feedback from industry participants in different fields, we are able to calibrate our platform to the precise requirements of the real estate industry.
“While doing so, EVANA also meets the highest technical requirements for data security, guarantees compliance with the GDPR, European data protection regulations and only uses servers in Germany.”
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