funding, London, PropTech, solid digital foundation, kodehyve

As technology is taking over the world, real estate professionals are increasingly aiming to build a solid digital foundation for their businesses to optimise their processes, enhance user experiences and differentiate themselves. 

Based out of Luxembourg, kodehyve has identified major process-related pain points in the real estate market and plans to solve them through its platform. 

kodehyve aims to remove inefficiencies and increases transparency in real estate project planning, construction, transactions, and property management. 

Recently, the proptech startup Kodehyve has raised €1 million (approx £860 million) funding in a seed round. 

UK: a major focus!

The funding was raised from a group of experienced investors in Luxembourg and Singapore: Laurent Schonckert (CEO of Cactus), Frank Veyder (former investor and COO at Slightly Mad Studios), John Li (former Managing Partner and Chairman at KPMG), Eric van de Kerkhove (former Partner at Deloitte), Benoit Schaus (former Partner at Deloitte), Bruno Beernaerts (former Managing Director at Capita and Partner at Deloitte), as well as PE and real estate investors Robert Godart and Charles Sunnen. 

The company aims to deploy the fund towards developing its real estate collaboration tool. Part of the fund will be used for expansion into new European markets – especially the UK, with a focus on London.

Digitalisation of real estate 

Founded in 2020 by Felix Hemmerling and Julien Casse, Kodehyve helps real estate developers, agencies, and funds to more efficiently plan, manage and analyse their construction and commercialisation projects. 

With in-house modules and third-party APIs, the company enables real estate professionals to work better in the three areas — project management, customer relationship management, and financial and data analysis.  

With the white-labeled platform, customers have access to task and deadline management, information and document exchange flows, customer onboarding, e-signatures, KYC and AML checks, billing, live chat, budgeting, financial analysis, and more. 

At present, the team consists of seven software engineers and product specialists. They are planning to have twelve employees in the coming year.

“We live in the year 2021 and real estate still largely relies on outdated processes. From lengthy email exchanges to physical mail and phone calls, the real estate market is lagging at least 5 to 10 years behind the financial industry when it comes to digitalisation and the general use of powerful solutions. Our vision is to make the real estate market 100% digital, and we know it is possible.” – Julien Casse, Co-Founder & CTO of kodehyve 

“We are extremely proud to have such a valuable team of experienced investors on board – all of which know the real estate industry very well and have the necessary know-how and network to help us accelerate our activities. Learning a lot from our customers, it was important for us to stay independent in this first private equity round and not to raise funds with real estate organisations.” – Felix Hemmerling, Co-Founder & CEO of kodehyve.


Japan travel news, japan travel guides, japan holiday destinations and japan reviews

LATEST NEWS

NEWS RELATED

London’s LED neon light startup Yellowpop closes $4M as growth funding

Since the innovation of neon lights, many changes have been applied to them to make them more efficient. LED neon lights are one of them that made it more efficient to use domestically and for industrial use. London-based, Yellowpop – a home brand specialising in LED neon signs, recently announced…

Read more: London’s LED neon light startup Yellowpop closes $4M as growth funding

AI enters debt collection: London startup Ophelos secures £1.6M funding

Personal debt has grown exponentially all over the world. Especially, in the UK, nearly 9 million people are over-indebted, which can create a debt spiral where households borrow more to service existing debt. The COVID-19 pandemic has taken this situation to the next phase. As a result, it is estimated…

Read more: AI enters debt collection: London startup Ophelos secures £1.6M funding

Eyeing to grow further in the UK, Irish startup Scurri picks up £8M funding

Ireland-based Scurri is a cloud-based software provider that connects and optimises the e-commerce ordering, shipping, and delivery processes. In a recent development, the company announced that it picked up €9 million (nearly £8 million) in Series A funding. Eyes to accelerate growth in the UK The investment round was led…

Read more: Eyeing to grow further in the UK, Irish startup Scurri picks up £8M funding

London fintech startup Coupay secures £200K to help SMEs get payment faster

Open banking is powering technological innovations that help SMEs reduce the impact of late payment of invoices.  Based out of London, Coupay is one such startup that leverages open banking and user insights to help small businesses get from sales to cash faster.  Raised £200K The company recently secured £200K…

Read more: London fintech startup Coupay secures £200K to help SMEs get payment faster

London-based startup Ramp raises £7.1M to become the “PayPal for crypto”

Ramp, a London-based company that aims to open up digital assets to more businesses and users, has secured $10.1 million (approx £7.1 million) funding in a Seed Round led by NfX with Galaxy Digital.  Other investors including, Seedcamp, firstminute capital and Fabric Ventures, as well as Mozilla, plus notable business…

Read more: London-based startup Ramp raises £7.1M to become the “PayPal for crypto”

Bullish to enter UK in 2022, Swedish mobility startup Vässla bags £7.8M funding

The micromobility sector is rapidly expanding throughout the world and is expected to grow by 17% on a global scale year-on-year until 2024. To capitalise on the market, Vässla, a Swedish micromobility startup has secured $11 million (nearly £7.8 million) in a recent funding round. To enter the UK in…

Read more: Bullish to enter UK in 2022, Swedish mobility startup Vässla bags £7.8M funding

London meal-kit delivery platform Dishpatch picks up £10M as foodtech heats up

London-based DIY foodtech Dishpatch is best known for its finish-at-home meal kits. In a recent development, the company picked up £10 million in seed funding co-led by Andreessen Horowitz and LocalGlobe. Ambitious growth plans for 2021 The investment round also involves Stride, Entree Capital, and Entrepreneur First as well as…

Read more: London meal-kit delivery platform Dishpatch picks up £10M as foodtech heats up

UK’s first app-based pension provider Collegia secures £500K funding ahead of its launch

Everyone should have a flexible pension plan, which can be accessible in real-time, transportable between employers, stress-free to access, and suitable for periods of self-employment. Eyeing to serve these purposes, UK-based Collegia, the country’s first only app-based auto-enrolment and personal pensions provider is planning to launch in June. Now, ahead…

Read more: UK’s first app-based pension provider Collegia secures £500K funding ahead of its launch

Fresha, the British Booking.com of salons and spas raises $100M

Quantum leap: Honeywell to invest up to $300M in UK-based Cambridge Quantum Computing

US-based Flyhomes raises $150 million from investors

London’s Lofti, ‘the Uber of property management’, raises £1M to create a community-driven platform

$300 million, 10 startups and a dream: Decoding the secretive Thrasio-model by Indian startups 

Software startup Slintel raises $20 million led by GGV Capital

Another Klarna rival from UK: Hokodo secures £8.8M for its buy now pay later solution

Circular, London blockchain startup lands £10M funding for supply chain traceability and CO2 tracking

OTHER NEWS