Alasco receives 40 million US dollars

The company wants to digitize the real estate industry and make it more sustainable. Insight Partners and Lightrock get on board.

The Munich-based start-up Alasco has set itself the goal of making the real estate industry more digital and sustainable. The company is now receiving financial support from two new investors, who are investing a total of 40 million US dollars in the start-up. The New York venture capital fund Insight Partners and the global private equity platform Lightrock, which specializes in sustainability, have joined in. Rachel Geller, Managing Director at Insight Partners, will become a member of the Alasco board.

The company intends to use the money to grow. To this end, Alasco plans to more than double the number of employees next year: from 100 to 220. The start-up also wants to push ahead with its European expansion. "Expanding our international presence is the next logical step," says CEO Sebastian Schuon. "The real estate industry is a global industry that urgently needs digital solutions. We want to make our contribution here and show that the industry can make real progress. To this end, we are launching on the UK market in 2022."

With the help of the software, customers should be able to digitally manage the entire life cycle of a property - from construction to maintenance and sale. Sustainability is also at the top of Alasco's list: customers should be able to use the software to make better decisions about the environmental impact of their software. This was probably one of the points that finally convinced Christopher Steinau, Principal at Lightrock: "The real estate industry is one of the largest CO2 emitters in the world, causing 39 percent of the world's annual greenhouse gas emissions and consuming around 30 percent of the world's energy. We believe that Alasco can bring about change in the industry (...)."