German PropTech SCALARA Raises €3M from BfW Bank for its Property Management Platform
Summary
The Br\xfchl-based PropTech has secured new funding to enhance its 360\xb0 software platform, with BfW Bank also acquiring an additional 1.5M in shares from existing investorsmarking the banks first-ever investment in a PropTech firm.The latest round includes a 3M capital injection from BfW Bank, a financial institution focused on the housing industry and known for supporting innovation in real estate finance. In addition to this, the bank purchased 1.5M in shares from existing SCALARA investors, cementing its long-term strategic commitment to the platform. Meanwhile, current partners such as BeyondBuild, Bauwens, and neoteq ventures, as well as new backers, converted approximately 2M in convertible loans a testament to the strong network of support SCALARA has built within the German startup ecosystem.Co-founder and CEO Shari Heep said, The fact that long-standing partners are renewing their trust and that BfW Bank is specifically supporting our vision gives our team and our customers security for the coming years. Our partners can rely on this: We remain independent and consistently focused on sustainable growth.Heep added, The demands on property managers are increasing GEG, skills shortages, new legislation. The platform offers technological progress and concrete administrative relief exactly what the industry needs right now.