Flashpoint participates in series A round of Austrian PropTech company iDWELL
Summary
Vienna, October 2021: iDWELL, one of the leading digital property management platforms in the DACH region, raised a mid-single-digit million Series A funding round led by Flashpoint Venture Capital with the participation of Swiss family office Wecken & Cie and existing investors. We were impressed with the efficiency and the product quality of IDWell and believe that with the current round they will have enough resources to get to new heights, further accelerating their growth and revenues,” — commented Alexander Konoplyasty, General Partner of Flashpoint. In particular, our expertise in sales and in the digital onboarding of our customers, in combination with our capital resources, creates the necessary levers for further growth in Europe “, commented Alexander Roth, founder and CEO of iDWELL. Property management companies receive the resulting repairs and service orders fully digitized for further processing and evaluation. “The marketplace will become an independent business segment for us, which will enable us to achieve an unprecedented level of service and completely new revenue streams in property management,” Roth is convinced.