Angermayer invests in seed round of Upmin

Upmin raises over four million euros in its seed financing round. With this, the proptech not only wants to make strategic acquisitions, but also double its team.

Berlin-based proptech Upmin has raised over four million euros in its seed financing round. With this, Upmin wants to make acquisitions, but above all also expand its team of currently 23 employees by 25 additional employees. The venture capital companies P3A Ventures and Bitstone as well as the companies Scout24 and Swiss Life have invested. Christian Angermayer's family office Apeiron Investment Group is also involved. Business angels include former Immoscout24 CEO Marc Stilke, founder Christian Gaiser, Jan Sprengnetter, owner of the eponymous group that does real estate valuations, and other unnamed investors.

"Our focus is on growth - that's why we are checking the market for strategic acquisitions and intensively looking for suitable partners in the management sector with whom we can work together locally," says Upmin founder Henning Frank. The start-up is aimed at owners and landlords who are looking for help in managing their properties. All of Upmin's individual steps can be viewed in the customer account, and processes are also digitized, thus saving time. Founder Frank has founded and led startups in the real estate industry before Upmin, such as Zinsland and Dahler & Company.

"We see enormous growth potential in Upmin and look forward to supporting the platform as it continues to grow," says Bitstone partner Kai Panitzki. Upmin currently manages 3,542 apartments in 645 buildings.