Evana Raises High Single-Digit Million Euro Series A Funding

real estateEvana AG, a Frankfurt am Main, and Saarbrücken, Germany-based proptech company specializing in data exchange using artificial intelligence, raised a high single-digit million Euro amount in an A-series round of financing.

Backers included pan-European real estate investment manager Patrizia Immobilien AG, which is taking a strategic stake in Evana, and other investors.

The company intends to use the funds for expansion of its expert team with additional proven specialists to further product development (strengthening its involvement in research into artificial intelligence) and for expansion within Europe.

Founded in 2015 by Peter Moog, CEO, and Sascha Donner, co-founder and head of product, Evana provides an intelligent platform which gives companies operating in the real estate industry a comprehensive digital image of their business activities. It uses self-learning algorithms to extract all relevant data from documents, processes and external sources and to structure and analyze this data intelligently with a very high level of detail.
In addition to individual properties, entire portfolios and companies can also be represented.
The platform is compatible with all existing business software and can be used on a modular basis as required.

Evana’s current technology partners and customers include HIH Real Estate, with whom the Proptech has been digitalizing the asset management since 2017 in close cooperation, Buwog Group and Clifford Chance Germany LLP.

FinSMEs

04/10/2018

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