Real estate involves a lot of paperwork. Berlin-based proptech startup Architrave has set out to simplify this, making documentation easy for property owners and managers with its platform for digital real estate management. The startup has just received its first investment by a financial investor of €2 million from PropTech1 Ventures, Germany’s first venture capital fund focusing on European proptech startups.
Founded in 2012, Architrave digitises all of the documents of a real estate portfolio, making them available to their owners and their service providers in a digital data room. Architrave thus simplifies what was previously an enormously complex administration of data, documents, and processes within the entire real estate value chain. And when real estate assets are transferred between two property owners, Architrave also enables the buyer to access a maintained document catalog with just a few clicks, eliminating the need for time-consuming data entry.
“After an in-depth analysis of many European solutions, Architrave has shown that it has the best prerequisites to create the industry standard for an asset management 2.0 platform,” said Nikolas Samios, Managing Partner of PropTech1 Ventures. “Architrave has understood like no other proptech that big data and AI remain empty phrases until a critical mass of structured digital data has been collected.”
Architrave currently manages around 3,400 assets worth around €60 billion for established market players including Aberdeen Standard Investments, Union Investment Real Estate, BEOS, and Kintyre. On the basis of the extracted data, Architrave has also developed additional solutions that can be implemented using AI.
“It was particularly important to us to select an independent investor from the fortunately large range of options, who would also support us in advice and assistance for our further growth,” said Maurice Grassau, founder & CEO of Architrave. “The team at PropTech1 Ventures convinced us with profound experience from previous projects that it is the ideal partner for the manifold challenges of a fast-growing technology company.”