Berlin-based proptech startup, Architrave, has recently ended a funding round with €2 million. PropTech1 Ventures, a German venture capital fund focusing on European PropTech startups, made the investment. The company intends to use the funds to continue to expand operations.
Led by founder and CEO Maurice Grassau, Architrave offers a central platform for digital real estate management. The company initially digitizes all documents of a real estate portfolio and makes them available to their owners and their service providers in a digital data room.
Architrave was formed by Dr. Benjamin Staude and Maurice Grassau in 2012. Architrave was the first company in Germany to develop a data room that focuses exclusively on the real estate industry and that offers value-added across the entire property life cycle. The solution is subject to an ongoing evolution into an asset management platform that makes all building-related data available in the form of digital assets.
Architrave employs 60 staff in its offices in Berlin, Frankfurt am Main and Dresden. The company’s clients include more than 40 renowned asset managers in the German-speaking countries. They use the Architrave solution to manage more than 3,100 assets in a combined value of 60 billion euros. The revenue growth has been in the triple-digit range since the formation of the company. The company’s minority stakeholders, BEOS AG and Union Investment, act as strategic partners.
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