syte, a Münster, Germany-based AI powered real estate startup, raised approx. €5M in Seed funding.
The round was led by the companies of the Schwarz Group, with participation from Vantage Value and vent.io, as well as existing investors High-Tech Gründerfonds (HTGF), Moritz Luck and Fabian Axthelm.
The company intends to use the funds to digitise and decarbonise the real estate industry through an AI-based data platform and B2B SaaS.
Led by CEO Matthias Zühlke and CTO David Nellessen, syte provides banks, estate agents, developers, and planners with an AI-based data platform featuring property data in real-time. The platform gives access to data related to property searches, construction potential, project calculations, and energy efficiency.
In addition to the investor funds, syte secured €800K for the “ENERsyte” project as part of the “Grüne Gründungen.NRW” funding competition.
FinSMEs
29/09/2024