Hamburg-based Reneo, a technology and asset management platform, has raised nearly €600M to support its growth and investments. The funds will be used to unlock the environmental and financial potential of so-called ‘stranded assets’.
Reneo provides comprehensive services for the affordable and turnkey decarbonisation of residential properties. It integrates a technology platform with deep real estate asset management expertise to streamline the process.
The company secured €45M in equity funding from Eurazeo, Lakestar, and Foundamental, as well as family businesses Goldbeck and Bauwens. Business angels like Stefan Wiskemann and Fabian & Ferry Heilemann also participated in this round.
The funds were raised through multiple rounds, with Eurazeo leading the recent Series B and Lakestar heading the earlier Series A.
Pierre Devillard, Partner and Raphael Cattan, Investment Director at Eurazeo, mention, “Our strategic investment in Reneo through Smart City Fund II is in line with our commitment to drive technology-based sustainable and innovative solutions for urban transformation with high growth potential.”
“We are delighted to support Reneo in its ambition to optimise the process of holistic decarbonisation of real estate and roll it out across Europe in the coming years.”
Reneo and Peakside Capital’s joint venture
Reneo has announced a joint venture with Peakside Capital, an independent real estate investment firm, to invest €500M in a “develop-to-green” strategy across major cities.
The new cooperation, which complements Reneo’s existing financing agreement with Goldman Sachs, aims to modernise energy-inefficient buildings using a technology-driven approach.
The project also includes transforming underutilised spaces into modern, energy-efficient housing to address rising demand.
Decarbonising residential real estate
Decarbonising the real estate sector is key to achieving the EU’s goal of emission-free buildings by 2050. While investor demand for sustainable assets is high, suitable supply remains limited. With over 50 per cent of Germany’s residential buildings having poor energy efficiency, Reneo sees significant potential in renovations.
The company’s tech-driven approach reduces energy consumption by 30–60 per cent, lowering operating costs for tenants and owners.
Reneo’s AI-powered platform, the Reneo Core System (RCS), analyses real estate data to develop optimised renovation plans, making green transformation scalable, cost-effective, and profitable.
Lennart Börner, founder and co-CEO of Reneo, says, “We see ourselves as a partner who brings economic and ecological aspects into a commercially sensible harmony. Reneo is the only representative of large institutional investors in Germany that approaches decarbonisation with a holistic approach and thereby transforms regulatory challenges into attractive investment opportunities.”
“The German real estate sector is ripe for transformation – and we see enormous potential to increase both the positive climate impact and the economic value of buildings with our offering.”
Alexander Graubner-Müller, founder and co-CEO of Reneo, adds, “Our complete solution optimises the entire investment, construction and asset management process and, in combination with our previous experience, makes us the ideal partner for anyone who wants to both increase their sustainability and maximise their return.”
“We are pleased to work with strong partners who share our vision of a sustainable and economically strong future.”
Capital utilisation
Since 2020, Reneo has facilitated real estate transactions worth over €500M through its platform. In 2024, the company and its partners invested over €200M, strengthening its market position.
As part of this strategy, Reneo acquired more than 600 units, covering approximately 40,000 square meters in Berlin and Hamburg. The company now plans to continue expanding with further significant acquisitions over the next 24 months.
Boris Schran, Partner at Peakside, says, “The real estate sector is the most important sector in which the challenge of decarbonisation and achieving net-zero targets has not yet been addressed sustainably. We want to be part of this solution. After a thorough market analysis, we are pleased to be working with Reneo.”
“The challenge was to find a partner for this project in order to be able to efficiently implement the broad mass of small and medium-sized residential complexes in particular. Reneo’s technology and structured implementation process allows us to master this challenge together.”
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