
VC firms back CHF 13.7m series-A for Allthings
A consortium of VC firms has invested in a CHF 13.7m series-A funding round for property management software company Allthings.
The round was led by Earlybird and Idinvest Partners, with participation from Kingstone Capital Partners and existing investors Creathor Ventures and Technologiefonds.
The fresh capital will be used to further develop the platform and expand into other European countries.
Previous funding
Creathor led a CHF 2.5m funding round for Allthings in June 2017. A group of 15 private investors from the real estate industry also participated in the round.
Company
Allthings was founded in 2013 in Basel and now has additional offices in Berlin and Freiburg. It creates software for the management of property, including regulation of energy and water consumption, booking shared resources and issuing damage reports to the property manager. It also links to technology-enabled objects such as light bulbs and dishwashers.
People
Earlybird – Fabian Heilemann (partner).
Idinvest Partners – Matthieu Bonamy (senior investment director).
Allthings – Marc Beermann (COO).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater