1.3 million pre-seed financing for dotega

The Stuttgart-based PropTech startup dotega has successfully closed a pre-seed financing round of 1.3 million euros. The round is led by High-Tech Gründerfonds (HTGF) as lead investor, supported by the founders of casavi and other experienced PropTech investors.

Digital transformation of WEG self-administration

dotega intends to use the capital to further expand and technologically optimize its platform for the self-administration of condominium owners' associations (WEGs). The aim is to automate processes, reduce administration costs and offer small homeowners' associations a genuine, legally compliant alternative to traditional property management.

Focus on user-friendliness, legal certainty and independence

The platform is particularly aimed at condominiums with 2 to 20 units, which often do not have access to professional management. dotega enables the digital creation of annual accounts, draft resolutions, business plans and the holding of owners' meetings via an intuitive web app. The offering is supplemented by support for refurbishment, value retention and energy-related measures.

With the support of HTGF and experienced PropTech investors, we can accelerate our growth in a targeted manner, scale our product and establish self-administration as a genuine alternative to traditional property management.

Niklas Mocker, Co-Founder and Managing Director of dotega

In Germany, around 10 million residential and commercial units are organized in WEGs. This is a market that has hardly been tapped into digitally to date. dotega is positioning itself as the first scalable platform for the complete, legally compliant self-administration of small owners' associations.

We are convinced that the team's technological approach, strong implementation skills and deep understanding of the market will decisively drive the transformation in this field, which has hardly been digitized to date.

Max Bergmann, Investment Manager at HTGF

According to the website, billing is per residential unit, which could represent an attractive platform business for dotega, as the additional expenditure per apartment is likely to be very low. In our experience, however, the real challenge with small condominiums often lies in the ownership structure. Someone has to continuously feed the platform with the necessary data, an effort that cannot be completely avoided. In addition, it remains to be seen whether the price advantage over an external property management company is sufficient to convince owners. The role of external property managers as mediators should also not be underestimated, as they often play an important role in conflict situations within the condominium.