realxdata, the German provider of AI- and smart-data-enabled real estate and portfolio analysis, has raised a Series A round in the single-digit millions (€). The round was led by SIGNA Innovations, the venture capital arm of the SIGNA Group, with participation from Ventech.
"We define ourselves as the driving force behind digitization in the real estate and financial sector. realxdata offers new-on-the-market products and analysis tools that give clients tremendous advantages in portfolio valuation, transactions and market analysis,” explained Dr. Titus Albrecht, realxdata CEO. “Our goal is for our clients to be the best-informed market participants -always as time and cost efficient as possible. Our new client business confirms that we are on the right track."
The company’s new clients include industry leaders such as Aareal Bank. Builtworld Innovation Forum at ExpoReal awarded realxdata the Real Estate Innovation Award over 1,000 other proptech businesses.
Commenting on the decision to invest, Jürgen Fenk of SIGNA said: "SIGNA Innovations invests exclusively in companies that offer genuine added value with their products and services and are technological leaders in their field. For many, AI, Smart Data and Machine Learning are just buzzwords. The realxdata team turns them into concrete, tailor-made and user-friendly products for the financial and real estate sectors. There is a reason for this: realxdata combines the know-how of a technology company with the expertise from the real estate and investment sector, with tremendous agility and excellent development potential. The overall package convinced us as an investor".
The new investment will go toward the development of its analysis platform and AI-supported forecast models, as well as the widening its German customer base a large-scale expansion of the realxdata team.