Maintaining documents in the real estate industry is an exhaustive task. The Berlin-based proptech startup Architrave has eliminated this intricate practice through its digital real estate management system and has just endured a fund infusion of €2 million from PropTech1 Ventures.
PropTech1 Ventures is Germany’s foremost VC fund focusing on European proptech startups.
Nikolas Samios, Managing Partner of PropTech1 Ventures shared, “After an in-depth analysis of many European solutions, Architrave has shown that it has the best prerequisites to create the industry standard for an asset management 2.0 platform. Architrave has understood like no other proptech that big data and AI remain empty phrases until a critical mass of structured digital data has been collected.”
Architrave – digital asset management solution
Architrave digitalises and classifies all the property details and stores them in Architrave Life-Cycle Data Room. Further, the extracted data is validated and synced with existing real estate value chain. The startup facilitates property buyers with entire records of properties with just a few clicks.
Architrave – won the PropTech of the year 2018
Headquartered in Berlin, Architrave was established by Dr. Benjamin Staude and Maurice Grassau in 2012. With employee strength over 60, it also maintains offices in Frankfurt and Dresden. Since instigation, the proptech startup has witnessed three-digit revenue growth annually.
Notably, the startup carried over €12 billion in annual transaction volume that includes Germany’s largest single transactions – Sony Center in 2017 and Frankfurt Omni Tower in 2018.
Manages 3,400+ assets
Architrave has catered more than 5,700 satisfied users till date and presently administers over 3,400 assets worth around €60 billion. It maintains partnerships with market leaders such as Aberdeen Standard Investments, Union Investment Real Estate, BEOS and Kintyre.
Maurice Grassau, co-founder & CEO of Architrave articulated, “It was particularly important to us to select an independent investor from the fortunately large range of options, who would also support us in advice and assistance for our further growth. The team at PropTech1 Ventures convinced us with profound experience from previous projects that it is the ideal partner for the manifold challenges of a fast-growing technology company.”
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