BMH invests in Split and Things Technologies

This means that the Hessian company now has start-ups in its portfolio that are dedicated to the digitalization of catering and facility management.

The Beteiligungs-Managementgesellschaft des Landes Hessen MBH has invested in two start-ups in its state: Split and Things Technologies. Both companies want to digitalize a specific business area: Split the catering industry, Things Technologies facility management.

Split was founded in Frankfurt am Main at the end of 2019. The company wants to offer an all-in-one ordering solution for restaurants and hotels. Restaurateurs receive support, for example, in setting up digital menus, self-ordering functions and online pick-up and delivery shops. In total, the startup received mid-six-figure capital in the seed round. The exact amount is not known. MR Beteiligungen GmbH and a number of angel investors also invested: co-founder of Darmstadt-based personnel service provider Univativ Olaf Kempin, Daniel von Wedel and his brother Alexander von Wedel from investment company v. Wedel Family & Friends Verwaltungs-GmbH, as well as Commerzbank's legacy sales boss Michal Jarocki.

The other company BMH has invested in is Things Technologies. The real estate firm received a total of €7.5 million in its Series B funding round. It was founded in 2016 and offers a software application called "Thing-it". It's a platform to intelligently bundle and connect building management. Tenants and building managers can use it to carry out a wide variety of administrative and accounting processes collectively online. In addition to BMH, the Futury Regio Growth Fund as well as the investors Anyon Holding, Futury Venture Fonds, PropTech1 Fund I and a large part of the Thing Technologies team itself have also invested.

BMH is confident in both companies. Stephan Groß, responsible investment manager at BMH, says of Split: "In the medium term, companies throughout Germany and beyond could benefit from Split's scalable approach. That's why we are happy to support the team in its planned growth steps." About Things Technologies, the responsible BMH manager Sebastian Schnell says: "The company's numerous references show how great the application possibilities of smart technologies are in the real estate sector. This makes Thing-it an extremely promising pioneer for us in the field of digital real estate."

BMH is headquartered in Wiesbaden, Germany. It was founded in 2001 and is a wholly owned subsidiary of Landesbank Hessen-Thüringen Girozentrale (Helaba). Through Wirtschafts- und Infrastrukturbank Hessen (WIBank), BMH is actively involved in the economic development activities of the State of Hesse.