8.5 million euros for the Berlin-based PropTech Kugu

The Berlin-based start-up KUGU wants to use fresh capital to drive forward decarbonization in the building sector. 12,000 buildings already rely on the CO₂-saving solutions that help real estate operators achieve their climate targets efficiently.
Berlin, November 12, 2024 - Berlin-based PropTech company KUGU Home GmbH has successfully closed a Series A financing round of 8.5 million euros. In addition to existing investors, this time the new partners Tengelmann Ventures and Gewobag ID are also acting as investors, supporting KUGU on its further growth path. KUGU, which is led by Managing Directors Christopher von Gumppenberg and Niko Mikac, intends to use the funds to expand its digital product portfolio as well as its sales and operations activities.
Partnership with industry specialists and experienced investors
In addition to Tengelmann Ventures and Gewobag ID, KUGU was also able to attract industry experts such as Michael Lowak, former CEO of G+E GETEC Holding GmbH, and Axel Müller, former member of the Management Board of QUNDIS GmbH, as investors. Both already support the company as advisory board members and see great potential in KUGU's approach to decarbonizing the real estate industry. The previous shareholders, including Wecken & Cie, IBB Ventures and Future Energy Ventures, have also reaffirmed their confidence and participated in the round with additional funds.
KUGU's smart solutions are crucial to advancing the decarbonization of the real estate industry.
Sven Harke-Kajuth from Gewobag ID
Digital solutions for climate-friendly real estate
KUGU offers innovative software solutions that support real estate companies in achieving their climate goals. KUGU's digital system helps to efficiently control energy systems in buildings, monitor their operation in real time and thus reduce energy consumption and CO₂ emissions by up to 30 %. The technology, which is integrated into the "digital boiler room", is based on a platform developed in-house and enables highly efficient energy use in residential and commercial buildings. A total of over 12,000 buildings are already managed on the platform.
The vision: 50,000 buildings and a significant CO₂ reduction
With the new financing, KUGU plans to increase the number of buildings on its platform to around 50,000 in the coming years. With this expansion, the company expects to save over 100,000 tons of CO₂ emissions every year. The expansion of the platform is intended to help real estate operators achieve their energy targets and increase the sustainability of their properties, which is also in line with Germany's climate protection goals.
Future prospects and growth-oriented goals
KUGU plans to use the new investment to further develop its product portfolio and expand its team in order to meet the increasing demands of the real estate market. "This financing round will enable us to realize our ambitious growth targets and strengthen our team," explains Christopher von Gumppenberg, co-founder and CEO of KUGU."Our goal is to fully exploit the potential of digital building data and thus provide sustainable, energy-efficient solutions for the real estate industry."
We plan to optimize 50,000 buildings on our platform and expect massive CO₂ savings as a result. The focus is on profitability to ensure our long-term success.
Niko Mikac, Managing Director of KUGU
Significance for the decarbonization of the real estate industry
KUGU sees itself as an important player on the path to a decarbonized real estate industry. Alexander Greis, Investment Manager at Tengelmann Ventures, describes KUGU as an "innovation leader for digital energy solutions" and is looking forward to supporting the team in its growth. Industry expert Michael Lowak also emphasizes the importance of digital solutions for the energy transition in the building sector.
By investing in and expanding its platform, KUGU has set the course for sustainably reducing CO₂ emissions in the real estate sector while increasing the value of buildings through efficient energy and data solutions.

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