Global Founders et al. back €7.5m round for Alasco

The founders of Germany-based coach travel startup Flixbus also participated in the round.

Following the round, Alasco plans to hire 25-30 additional employees and to invest further in its software.

The company claims not to have lost any customers during the coronavirus pandemic and expects to see more demand for its software in future, due to home office working and the increasing importance of business digitalisation.

New backer Anyon invests in DACH-based startups that offer digitalisation software for the real estate sector, including Internet-of-Things software.

HV is currently investing from its seventh fund, which held a final close in January 2018 on €306m. The fund writes initial equity cheques of €500,000-5m, with €40m available for follow-on funding.

Previous funding
In October 2018, HV, Picus and the founders of Flixbus backed an early-stage funding round for Alasco. The same investors went on to back a second funding round in December 2019.

Company
Alasco is a software platform that allows construction project managers, builders and architects to keep track of contracts, orders and invoices. Founded in 2018, Alasco launched its software in March 2019. The company is headquartered in Munich and has 45 employees.

People
Alasco – Benjamin Günther, Anselm Bauer, Sebastian Schuon (founders).
HV Holtzbrinck Ventures – Rainer Maerkle (partner).

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• Topics
• Expansion
• DACH
• Technology
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• Germany
• Holtzbrinck Ventures