Syte, a real estate technology startup based in Münster, Germany, has raised approximately €5 million in seed funding.
The funding round was led by companies affiliated with the Schwarz Group, along with contributions from Vantage Value, vent.io, and existing investors, including High-Tech Gründerfonds (HTGF), Moritz Luck, and Fabian Axthelm.
The newly acquired capital will be utilized to further develop Syte’s AI-powered platform, aimed at improving digitization and decarbonization in the real estate sector. This platform, designed as a B2B SaaS solution, provides real-time property data to banks, estate agents, developers, and planners, offering insights into areas such as property searches, construction potential, project calculations, and energy efficiency.
Syte, under the leadership of CEO Matthias Zühlke and CTO David Nellessen, also secured an additional €800,000 for its “ENERsyte” project, part of the “Grüne Gründungen.NRW” funding competition. The project aligns with the company’s vision of driving sustainability in the real estate industry.
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By Proptechbuzz
By Ravi Kumar
