Buena, a German PropTech startup developing a property management technology, is announcing today it has raised €49 million in total funding, including a Series A funding round. The round was led by GV, with participation from investors 20VC, Stride, and Capnamic. The raise follows growing revenues over 500% in 2024 and over 300% in 2023, as it innovates the €13.6 billion property management industry in Germany. (View Highlight)
Din Bisevac, CEO of Buena, said: “When we first began acquiring property managers in 2023, people thought we were crazy. Today, AI-powered rollups are recognised as the future of service industries. Instead of getting bogged down with routine tasks like annual accounting and payment processing, AI empowers our property managers to focus on complex problem-solving and meaningful customer interactions. This is made possible by our globally scalable software and business model.We’re excited to continue growing across Germany whilst also turning our focus to international markets that demand new tools to enable real estate management.” (View Highlight)
Buena is a property management startup enabling customers to create wealth through owning real estate. Launched in 2023, Buena’s AI-enabled platform automates property management – with 60,000+ units under management across Germany and 5,000 landlords on the waitlist.
Their software automates repetitive tasks, such as accounting, significantly enhancing accuracy and efficiency, with recently launched AI features to further assist property managers by handling responsibilities such as annual financial reporting.
Accoding to Buena, property management is incredibly fragmented, with over 30,000 firms in Germany employing an average of just five people each. Meanwhile, the industry is notorious for talent shortage and record-low customer NPS scores, with 96.3% of German property managers still relying on pre-cloud software. (View Highlight)
Buena aims to change the industry in two ways:
• By building its own AI property management software.
• By acquiring and digitising existing property management teams across Germany. (View Highlight)
