Qipp closes funding round of CHF 2 million and expands to multiple European countries

Real estate software pioneer, qipp, has closed raises 2 million Swiss Francs from well-known software investors and real estate professionals. The proceeds will be used to expand to other European markets and further develop qipp’s Allthings platform.

Today, qipp, the ETH Spinoff, closed another financing round of 2 million Swiss Francs involving Marc Stilke, former CEO of leading real estate portal immobilienscout24 in Germany, Lars Grosenick, founder and CEO of Cologne-based real estate CRM software provider Flow-fact, and Martin Strobel, until last year CEO of Baloise Insurance Group.

Apart from two of the existing investors – Ariel Lüdi, who built Salesforce in Europe and ran hybris as CEO for many years and Alois Flatz, Senior Advisor at Generation Investment Management – Marc Stilke, Lars Grosenick and Martin Strobel as well as other investors and employees will join the company as shareholders.

Transparency in real estateSince last year, qipp provides the powerful Allthings software platform to medium and large real estate asset managers and developers as well as property managers in Switzerland, Germany, France and the Netherlands. Allthings bundles digital services for residential and office buildings and improves the interactions between property owner, manager and tenants. In addition, Allthings easily integrates external services such as moving services and smart home solutions in a single app. The bundling of services leads to usage rates 10 to hundred times higher compared to typical tenant portals that usually just digitize administrative processes.

Real estate asset managers and developers benefit from the increased transparency of life in their properties and can use this information for a range of measures to increase net returns by, for example, identifying the reasons for high vacancy rates. Property managers can substantially decrease their cost through the integrated ticketing system. qipp will primarily use the funding to grow its sales team for Germany, Austria and France and establish local subsidiaries.

About qippQipp is a technology spin-off from the ETH Zurich with its headquarters in Basel and an office in Freiburg/Breisgau. qipp’s Allthings platform supercharges the physical world with digital services and communication functions. Allthings enables the real estate industry to equip every residential or other real estate unit with its own app. This app digitizes the complete interaction with and amongst tenants. At the same time, it reduces the property management cost and increases the value of the property.

(Press release)