Munich-based startup Alasco raises $40m Series-B funding to revolutionize the real estate industry
Munich-based startup Alasco has raised $40 million in Series-B funding to follow the vision of creating the Real Estate Success Software and bringing the real estate industry up to par with leading digital industries.
The funding round was led by the global software and technology Investor Insight Partners (Investor in Top-Tech companies like Shopify, Salesloft, and Alteryx) followed by the UK Investor Lightrock, which focuses on investments in sustainable and ESG solutions. Alascos existing investor also co-invested in this round, emphasising Alascos vision of further developing the Real Estate Success Software.
The funding and the added know-how of the new investors will allow Alasco to expand its core functionalities and the further development of the product.
Sebastian Schuon, Co-founder and CEO, Alasco: ''By the end of 2022, we plan on doubling our headcount from 100 to around 220 employees. At the same time, we plan to expand our business into new markets. Growing our presence internationally is the next logical step for us, although customers around the world already use our solution. Real estate is a global industry, and it urgently needs digital solutions. We want to make our contribution here and show how the industry can make real progress, starting with a focus on the UK market in 2022.''
The future success of real estate no longer depends solely on financial metrics but also on ESG performance. Over the last year, Alasco was able to set a solid foundation for the further development of the real estate success software by including all relevant data for successful decision-making.
To guarantee companies project success in the future, Alasco reinvests the funding into the further development of Alasco’s Real Estate Success Software to support current and future customers in managing the entire life cycle of real estate. To do so, Alasco plans to hire 120 top talents to expand the platform’s ESG functionality and assist customers in making better decisions regarding the environmental impact of their projects.