On top of having grown its team and client base throughout 2022, kodehyve has just successfully raised €2.6M in PE financing with existing and new investors. This will allow the rising proptech to enhance their property development operating system in compliance and business intelligence terms and expand internationally.
Launched in early 2020 by co-founders Felix Hemmerling and Julien Casse, kodehyve has continuously improved its platform and offering, to support property developers and their stakeholders in their digital transformation.
Having raised €1M in their first seed round, with investors such as Laurent Schonckert (CEO at Cactus) and John Li (former Chairman and Managing Director at KPMG), it’s promising to see that nearly all of their existing investors re-invested in the second round.
With the new capital, the team at kodehyve aims to continue automating property development processes and finetune its property development operating system (ERP) where necessary.
“Our current focus lies on compliance aspects, namely through automated KYC and AML processes, as well as business intelligence modules that leverage data to support property developers’ informed decision-making,” said Felix Hemmerling, CEO at kodehyve.
While the new modules will certainly help their clients, at the end of the day, kodehyve’s larger vision is about “enhancing the whole real estate ecosystem” and bringing it into the digital age.
“We are striving to automate as many of the many property development processes as possible to help unlock time and efficiency and quality gains,” explains Felix Hemmerling.
Following this round, kodehyve’s board of managers has been enlarged from 2 to 5 board observers including Michel Lempicki (previously CEO at StatPro acquired by Confluence in 2019), Marc Thill and Pit Reinert, experienced entrepreneurs, administrators and investors appointed to strategically advise the founders on their mission to scale internationally.
The dynamic real estate markets of Portugal, Switzerland and the UK appear to be first on the list of possible expansion targets.